Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On
Brian Kobylinski , President and Chief Executive Officer$1,000,000 Chad Paris , Senior Vice President and Chief Financial Officer$365,000 Timm Fields , Senior Vice President and General Manager - Engineered$300,000
Components
Keith Walz , Senior Vice President and General Manager - Industrial$300,000 Kevin Kuznicki , Senior Vice President, General Counsel and Secretary$330,000 John Hengel , Vice President - Finance, Treasurer and Assistant Secretary$160,000
The Retention Awards were paid on
Each Executive's Retention Agreement replaces any other retention bonus opportunity previously provided to such Executive under any agreement with the Company. The Retention Agreements do not modify or replace the current employment agreements with the Executives.
The foregoing description of the Retention Agreement is not complete and is qualified in its entirety by reference to the full text of the form of Retention Agreement, a copy of which is filed herewith as Exhibit 10 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. Description 10 F orm Retent ion Agreement 1
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