Item 8.01. Other Events.
On December 7, 2020, Invacare Corporation (the "Company") was informed that
Anthony C. LaPlaca, Senior Vice President, General Counsel and Chief
Administrative Officer, entered into a stock trading plan designed to comply
with Rule 10b5-1 of the Securities and Exchange Act of 1934, as amended (the
"Plan"). Rule 10b5-1 trading plans permit individuals who are not in possession
of material non-public information to adopt a written pre-arranged plan for
transactions in securities under specified conditions and for specified periods
of time. Mr. LaPlaca's Plan is part of an individual, long-term asset
diversification and financial planning strategy and is in accordance with the
Company's Insider Trading Policy.
Under the terms of the Plan, Mr. LaPlaca will sell up to 12,000 shares between
January 2021 and September 2021. Mr. LaPlaca continues to be subject to the
Company's stock ownership guidelines, under which he is required to hold Company
stock equal in value to at least two times his base salary within 5 years of his
appointment to his current position.
Any transactions under the Plan will be disclosed publicly through Form 144 and
Form 4 filings with the Securities and Exchange Commission to the extent
required by law. Except as required by law, the Company does not undertake to
report other Rule 10b5-1 trading plans that may be adopted by any officers,
directors, or other shareholders in the future or to report any modifications or
terminations of any publicly announced trading plan.
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Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number Description of Exhibit
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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