- Current report filing (8-K)
June 30 2009 - 3:11PM
Edgar (US Regulatory)
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): June 29, 2009
SPARTAN MOTORS, INC.
(Exact Name of
Registrant as Specified in Its Charter)
Michigan
(State or Other Jurisdiction
of Incorporation)
|
0-13611
(Commission File No.)
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38-2078923
(IRS Employer
Identification No.)
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1000 Reynolds Road, Charlotte, Michigan
(Address of Principal Executive Offices)
|
48813
(Zip Code)
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517-543-6400
(Registrants
Telephone Number, Including Area Code)
Not Applicable
(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 Securitites 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)).
Item 5.02
|
Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
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(c)
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Appointment of Principal Officer
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On June 29, 2009, Spartan Motors,
Inc. (the Registrant) named Joseph M. Nowicki, C.P.A., to serve as Chief
Financial Officer of the Registrant. His employment is expected to begin June 30, 2009.
Prior to his appointment by the Registrant, Mr. Nowicki, age 47, worked in various
capacities with the Michigan-based furniture manufacturer, Herman Miller, Inc., for the
past 17 years. During that time, Mr. Nowicki gained experience in financial management and
operations in his positions as vice president of international finance and vice president
within North American finance. Most recently, he served as Treasurer and as a member of
Herman Millers key leadership, managing all treasury activities for the company,
including establishing the overall capital and debt structure, overseeing the pension and
investment strategy, and leading investor relations activities. Before joining Herman
Miller, Mr. Nowicki held several operations and finance positions, including working for
IBM and General Motors and spending several years in public accounting.
There are no arrangements or
understandings between Mr. Nowicki and any other person pursuant to which he was selected
as an officer of the Registrant. Mr. Nowicki is not related to any executive officer or
director of the Registrant.
There have been no transactions since
January 1, 2008, nor are there any currently proposed transactions, to which the
Registrant or any of its subsidiaries was or is to be a party, in which the amount
involved exceeds $120,000 and in which Mr. Nowicki had, or will have, a direct or indirect
material interest that is required to be disclosed pursuant to Section 404(a) of
Securities and Exchange Commission Regulation S-K.
Mr.
Nowicki will receive an annual base salary of $250,000. He is also eligible to
participate in the Spartan Profit and Return Management Incentive Bonus Plan
(the Plan), the Registrants performance-based incentive
compensation plan. For the years 2009 and 2010, Mr. Nowicki has been guaranteed
an annual minimum management bonus of $15,000 and $25,000, respectively, to be
paid in accordance with the Plan. In addition, he will be eligible to receive
quarterly bonuses beginning with the third quarter of 2009. Mr. Nowicki has also
been guaranteed a weekly payment equal to his base salary for a period of one
year should his employment be terminated without cause.
Mr.
Nowicki will be eligible to participate in the Registrants Supplemental
Executive Retirement Plan and the Registrants Executive Stock Ownership
Plan. The Registrant has agreed to grant Mr. Nowicki 15,000 shares of the
Registrants restricted stock. These shares will be subject to a five-year
vesting schedule, vesting at the rate of 20% per year, and are expected to be
granted in June 2009. He will also be eligible for annual restricted stock
grants in future years.
2
In addition to these benefits,
Mr. Nowicki will be eligible to receive benefits offered to other executive officers
of the Registrant.
A copy of the press release issued by
the Registrant to announce the appointment is attached to this Current Report as Exhibit
99. This press release is being furnished to, as opposed to filed with, the Securities and
Exchange Commission.
Item 9.01
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Financial Statements and Exhibits.
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Exhibit 99
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Press
Release issued by the Registrant on June 30, 2009
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3
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 hereunto duly authorized.
Dated: June 30, 2009
|
|
SPARTAN MOTORS, INC.
/s/ James Knapp
By: James Knapp
Its: Senior VP, Chief Financial Officer,
and Treasurer
|
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