Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On December 1, 2020, The Shyft Group, Inc. (the "Company") announced that its
Board of Directors has appointed Michael Dinkins to the Board, effective
December 1, 2020. Mr. Dinkins will serve as a member of the Audit Committee.
Mr. Dinkins currently serves as President and Chief Executive Officer of Dinkins
Financial, which assists private equity firms in building portfolios through
acquisitions. He brings nearly three decades of executive financial experience,
serving as Chief Financial Officer and Chief Executive Officer at a number of
publicly traded companies. His financial expertise spans multiple industries and
sectors, including previous service as Executive Vice President and Chief
Financial Officer for the medical device manufacturing company, Integer Holding
Corporation. Mr. Dinkins' professional experience also includes 17 years at
General Electric where he held multiple financial roles in various divisions,
including Lighting Appliances and Corporate.
There are no arrangements or understandings between Mr. Dinkins and any other
person pursuant to which he was selected as a director, nor are there any
transactions in which Mr. Dinkins has an interest requiring disclosures under
Item 404(a) of Regulation S-K. Mr. Dinkins will receive the standard
compensation arrangement for the Company's non-employee directors, including an
annual cash retainer and equity-based compensation.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release dated December 1, 2020 regarding the appointment of Michael
Dinkins to the Board of Directors.
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