Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (d) OnNovember 11, 2021 ,Columbus McKinnon Corporation (the "Company") announced the election ofGerald Colella andChad Abraham to its Board of Directors (the "Board"), effectiveNovember 11, 2021 .Mr. Colella will serve on the Board's Compensation Committee and on the Board'sGovernance and Nomination Committee .Mr. Abraham will serve on the Board's Audit Committee and on the Board'sGovernance and Nomination Committee .Mr. Colella andMr. Abraham will each participate in the Company's standard outside director compensation program. Pursuant to this program for fiscal year 2022, each member of the Board, who is not an employee of the Company, receives an annual cash retainer in the amount of$80,000 and an equity award in the amount of$120,000 . In addition, each director receives reimbursement for the expenses he or she incurs in attending all Board and committee meetings.Mr. Colella's andMr. Abraham's terms as director will continue until the next annual meeting of shareholders and until their successors are elected and qualified or until their earlier death, resignation or removal. Item 7.01 Regulation FD Disclosure.
A copy of the press release announcing the election of these new directors is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. EXHIBIT NUMBER DESCRIPTION 99.1 Press Release, datedNovember 11, 2021 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)
--------------------------------------------------------------------------------
© Edgar Online, source