Current Report Filing (8-k)
June 18 2018 - 11:13AM
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 12, 2018
WSI
Industries, Inc.
(Exact
name of Registrant as Specified in its Charter)
Minnesota
(State
Or Other Jurisdiction Of Incorporation)
000-00619
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41-0691607
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(Commission
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(I.R.S.
Employer
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File Number)
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Identification No.)
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213
Chelsea Road
Monticello,
MN
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55362
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(Address
Of Principal Executive Offices)
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(Zip
Code)
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(763)
295-9202
Registrant’s
Telephone Number, Including Area Code
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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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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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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[ ]
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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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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). [ ]
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. [ ]
Items
under Sections 1 through 4 and 6 through 9 are not applicable and therefore omitted.
ITEM
5.02
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DEPARTURE
OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY
ARRANGEMENTS OF CERTAIN OFFICERS
.
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As
previously reported, on May 19, 2017, WSI Industries, Inc. (the “Company”) and Michael J. Pudil entered into an offer
letter agreement pursuant to which Mr. Pudil agreed to serve as the Company’s President and Chief Executive Officer at a
base salary of $150,000 for the one-year period beginning May 19, 2017.
On
June 12, 2018, the Company’s Compensation Committee recommended and the Company’s Board of Directors approved an increase
in Mr. Pudil’s annual base salary from $150,000 to $255,000 effective May 19, 2018. The Compensation Committee retains the
discretion to award bonuses for Company financial performance or other achievements.
SIGNATURE
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.
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WSI
INDUSTRIES, INC.
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By:
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/s/
Michael J. Pudil
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Michael
J. Pudil
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President
and Chief Executive Officer
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Date:
June 18, 2018
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