- Current report filing (8-K)
October 02 2009 - 2:55PM
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):
September 28, 2009
Simpson Manufacturing
Co., Inc.
(Exact name of registrant as specified in its charter)
Delaware
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1-13429
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94-3196943
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(State or other
jurisdiction
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(Commission
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(I.R.S. Employer
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of
incorporation)
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file number)
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Identification
No.)
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5956 W. Las Positas Boulevard, Pleasanton, CA
94588
(Address of principal executive offices)
(Registrants telephone number, including area
code):
(925)
560-9000
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:
o
Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a-2)
o
Pre-commencement communications pursuant
to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
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
Directors; Compensatory Arrangements of Certain Officers
On September 28,
2009, the Compensation and Leadership Development Committee of our Board of
Directors approved a change to our Executive Officer Cash Profit Sharing Plan
to phase in the inclusion of the acquired assets in the average asset base that
is used in the computation of the qualifying level. The phase-in period is as
follows:
Year 1
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0
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%
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Year 2
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33
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%
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Year 3
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66
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%
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Year 4
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100
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%
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There were no
changes to the computation of the operating profit. The effect of this change
is to lower the return on assets that is required to be met for qualifying
income to be allocated to the incentive pool, thereby increasing potential
payouts. An identical change was also made to our Cash Profit Sharing Plan
which is available to our other qualified employees. The estimated effect on
the 2009 compensation of our Named Executive Officers is illustrated in Exhibit 10,
Compensation of Named Executive Officers of Simpson Manufacturing Co., Inc.
Item 9.01 Financial
Statements and Exhibits
(d)
Exhibits:
Exhibit Number
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Description
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10
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Compensation of
Named Executive Officers of Simpson Manufacturing Co., Inc.
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2
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.
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Simpson
Manufacturing Co., Inc.
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(Registrant)
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DATE:
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October 2,
2009
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By
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/s/ KAREN
COLONIAS
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Karen Colonias
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Chief Financial
Officer
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3
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