TMCnet News

MTS SYSTEMS CORP FILES (8-K) Disclosing Change in Directors or Principal Officers
[October 23, 2014]

MTS SYSTEMS CORP FILES (8-K) Disclosing Change in Directors or Principal Officers


(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 October 20, 2014, in connection with the appointment of Dr. William E.



Bachrach as the leader of the MTS Systems Corporation (the "Company") Test Division, the Compensation Committee of the Company's Board of Directors approved the following changes in Dr. Bachrach's compensation: an increase in annual base salary from $309,000 to $350,000; and an incremental grant under the Company's 2011 Stock Incentive Plan of restricted stock units ("RSUs") equal to $30,000. The RSUs will be granted in November 2014 and will vest equally on each of the first three anniversaries of the date of grant. The actual number of RSUs granted will be determined based upon the closing price of the Company's common stock on the date of grant.

2

[ Back To TMCnet.com's Homepage ]