Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 8, 2023, Commercial Vehicle Group, Inc. (the "Company") filed a Current
Report on Form 8-K to report the expected appointment of Robert C. Griffin as
the Company's interim President and Chief Executive Officer, effective May 19,
2023.
In connection with Mr. Griffin's appointment, he will receive a base salary of
$100,000 per month until his successor his chosen and appointed, or until his
earlier resignation and removal. He will also be entitled to reimbursement by
the Company for all business-related travel and expenses associated with his new
position. Mr. Griffin will not receive an equity award for his service as
interim President and Chief Executive Officer.
As previously announced, Mr. Griffin will continue to serve as Chairman of the
Company's Board of Directors during the time that he is serving as interim
President and Chief Executive Officer, and, in such capacity, he will continue
to receive the standard compensation amounts for such position pursuant to the
Company's director compensation program.
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