8-KThe WireRed Alert
Executive Change
Filed Oct 15, 2021 · 4y ago · Accession 0000950170-21-002134
Plain English
Material event — a significant development the company must disclose promptly.
Read the source below for the full document.
Filing text
View original ↗UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 15, 2021
The Manitowoc Company, Inc.
(Exact name of Registrant as Specified in Its Charter)
Wisconsin
1-11978
39-0448110
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
11270 West Park Place
Suite 1000
Milwaukee , Wisconsin
53224
(Address of Principal Executive Offices)
(Zip Code)
Registrant’s Telephone Number, Including Area Code: 414 760-4600
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange on which registered
Common Stock, $.01 Par Value
MTW
The New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 15, 2021, The Manitowoc Company, Inc. (the “ Company ”) increased the size of the Board of Directors (the “ Board ”) from eight members to ten members and elected Amy R. Davis and Robert W. Malone as new directors to fill the vacancies created by such increase effective immediately, each with a term expiring at the Company’s 2022 annual meeting of shareholders and until their respective successors are duly elected and qualified.
Each of Ms. Davis and Mr. Malone will receive the same compensation as the Company’s other non-employee directors, as described under “Non-Employee Director Compensation” in the Company’s Proxy Statement for its 2021 annual meeting of shareholders, which was filed with the Securities and Exchange Commission on March 25, 2021.
Ms. Davis has served as the Vice President and President - New Power Business of Cummins Inc. (“Cummins”) since July 2020. Ms. Davis owns less than 1% of the outstanding equity of Cummins. In 2020 and through the eight month period ended August 31, 2021, the Company paid approximately $11 million and $9 million, respectively, for goods and services to Cummins, which were conducted in arms’ length transactions in the normal and ordinary course of the Company’s business. Mr. Malone has served as the Vice President and President – Filtration Group of Parker-Hannifin Corporation (“Parker”) since December 2014. Mr. Malone owns less than 1% of the outstanding equity of Parker. In 2020 and through the eight month period ended August 31, 2021, the Company paid approximately $4 million and $2.6 million, respectively, for goods and services to Parker, which were conducted in arms’ length transactions in the normal and ordinary course of the Company’s business.
A copy of the press release announcing this change to the Board is attached hereto as Exhibit 99 and incorporated herein by reference in its entirety.
Item 9.01 Financial Statements and Exhibits.
d) Exhibits. The exhibits listed in the exhibit index below are being filed herewith.
EXHIBIT INDEX
Exhibit No.
Description
99
Press Release, dated October 15, 2021.
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
THE MANITOWOC COMPANY, INC.
Date:
October 15, 2021
By:
/s/ Thomas L. Doerr, Jr.
Thomas L. Doerr, Jr.
Executive Vice President, General Counsel and Secretary
Filing details
- Company
- MANITOWOC CO INC
- Ticker
- MTW
- CIK
- 61986
- Form type
- 8-K
- Filing date
- Oct 15, 2021
- Report date
- Oct 15, 2021
- Document
- mtw-20211015.htm
- Size
- 228 KB