APPLIED INDUSTRIAL TECHNOLOGIES INC FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits
(Edgar Glimpses Via Acquire Media NewsEdge)
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF
On August 13, 2013, the Executive Organization & Compensation Committee of the
Board of Directors of Applied Industrial Technologies, Inc. ("Applied") amended
Applied's Key Executive Restoration Plan ("KERP"), primarily to align its change
in control provisions more closely with those of various other Applied executive
officer plans. The KERP, as restated, is attached as Exhibit 10.1.
Each of Applied's executive officers participates in the KERP. Those
participants with an account crediting percentage or a vesting schedule that is
different from the plan's standard provisions are identified in a schedule that
is also attached to Exhibit 10.1.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
10.1 Key Executive Restoration Plan, as restated as of August
13, 2013, along with participation schedule.
[ Back To Technology News's Homepage ]