- Current report filing (8-K)
January 11 2010 - 11:32AM
Edgar (US Regulatory)
UNITES
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): December 3, 2008
MET-PRO
CORPORATION
(Exact name of registrant
as specified in its charter)
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Pennsylvania
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001-07763
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23-1683282
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(State
or other jurisdiction of
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(Commission
File Number)
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(I.R.S.
Employer
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incorporation
or organization)
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Identification
No.)
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160
Cassell Road, P.O. Box 144
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Harleysville,
Pennsylvania
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19438
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (215) 723-6751
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 (see General Instruction A.2. below):
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
5.02(e). Compensatory Arrangements of Certain Officers.
On
December 3, 2008 our Compensation and Management Development Committee of the
Board of Directors granted stock options to its senior management in the amount
of 102,647 shares, pursuant to and under the terms of the Met-Pro Corporation
2005 Equity Incentive Plan (the “Plan”). These options are
intended to qualify as an incentive stock option under Section 422 of the
Internal Revenue Code of 1986 as amended. The Committee also
granted stock options to its senior management and non-employee directors in the
amount of 103,953 shares. These options are non-statutory under the
Plan and not intended to be an incentive stock option under Section
422. All of the options have an exercise price of $11.345 per share,
the fair market value of the Company’s common stock on the date of
grant. The options are exercisable in three annual installments
commencing on December 3, 2009. The options expire ten years from the
grant date.
SIGNATURE
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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.
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Date: January
11, 2010
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MET-PRO
CORPORATION
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By:
/s/ Raymond J. De Hont
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Raymond
J. De Hont,
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President
and Chief Executive Officer
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