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TMCNet:  CORE MOLDING TECHNOLOGIES INC FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits

[March 07, 2014]

CORE MOLDING 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 Certain Officers.

On March 4, 2014, the Compensation Committee and the Company's Board of Directors, based on the recommendation of the Compensation Committee, approved an amendment to the Core Molding Technologies, Inc. Cash Profit Sharing Plan, amended as of March 20, 2013 (the "Plan"). The 2013 Plan allocates a profit sharing pool across an officer group, a key manager and salaried group, and a non-represented hourly group. The new amendment reduces the allocation to the officer group under the Plan to 26.3% and increases the allocation to the key manager and salaried groups to 56.2%. This reallocation between those two groups will equitably offset an unanticipated shift in distributions which would have resulted under the Plan's allocation formula due to the mid-2013 departure of the former chief financial officer. The Core Molding Technologies, Inc. Cash Profit Sharing Plan, amended and restated as of March 4, 2014 is filed herewith as Exhibit 99.1 Item 9.01 Financial Statements and Exhibits.


Exhibit 99.1 Core Molding Technologies, Inc. Cash Profit Sharing Plan (as amended and restated March 4, 2014) --------------------------------------------------------------------------------

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