Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 17, 2008, Allied Motion Technologies Inc. (the "Company") announced
that Richard D. Smith, Chief Executive Officer of the Company, will transition
to a new role becoming the Executive Chairman of the Company's Board of
Directors. Richard S. Warzala, who is currently President and COO of the
Company, will become the CEO. The changes will become effective May 12, 2009,
the date of the Company's 2009 annual shareholders' meeting. Also at that time,
Delwin D. Hock, the current Chairman of the Board of Directors will become the
Lead Director of the Independent Directors of the Company.
The terms of the compensation arrangements for Messrs. Smith and Warzala as a
result of these new positions have not been determined by the Board of
Directors. Any revised compensation arrangements will be disclosed in a Current
Report on Form 8-K when the terms are determined.
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