ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
As of
Todd J. Teske , Chairman, President and Chief 40% Executive OfficerMark A. Schwertfeger , Senior Vice President and 35% Chief Financial OfficerDavid J. Rodgers , Senior Vice President & President 35% - Engines & PowerWilliam H. Reitman , Senior Vice President & 35% President - SupportHarold L. Redman , Senior Vice President & President 35%
- Turf & Consumer Products
The Board of Directors also approved the implementation of a wage reduction plan
for other salaried employees of the Company and each non-employee director
agreed to forego his or her next quarterly cash retainer fees payable for Board
service. In addition, in order to ensure continuity of management oversight
during the global COVID-19 pandemic, the Company will engage in a longer
transition to the new organizational leadership structure previously announced
to be effective as of
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