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| CMT > SEC Filings for CMT > Form 8-K on 29-Dec-2008 | All Recent SEC Filings |
29-Dec-2008
Entry into a Material Definitive Agreement, Change in Directors or
On December 29, 2008, the Board of Directors of Core Molding Technologies, Inc. approved an amendment to the Core Molding Technologies, Inc. Cash Profit Sharing Plan (the "Plan")as previously filed with the Securities and Exchange Commission as exhibit 10(m) on Form 10-K for the year ended December 31, 2007. The Plan includes the revision to ensure compliance with certain tax provisions set forth in Sections 409A of the Internal Revenue Code. The amendment requires a stated timeframe for payment of the Company's profit sharing plan. The foregoing description is qualified in its entirety by reference to the Core Molding Technologies, Inc. Cash Profit Sharing Plan, attached hereto as Exhibit 10.1 and incorporated by reference herein.
On December 29, 2008, the Board approved a form of Second Amended and Restated Executive Severance Agreement (the "Severance Agreement") setting forth certain changes to the Company's existing form of Executive Severance Agreement (the "Original Severance Agreement") entered into as of May 17, 2006 and as previously amended January 4, 2008 with each of the Executive Officers. A description of the Original and Amended Severance Agreement was previously reported under Item 1.01 and 5.02 of the Company's Current Reports on Form 8-K, filed with the Securities and Exchange Commission on May 23, 2006 and January 4, 2007, respectively. Effective December 29, 2008, the Company entered into the Severance Agreement with each of the Executive Officers. The Severance Agreement includes revisions to ensure compliance with certain tax provisions set forth in Sections 409A of the Internal Revenue Code. In particular, the Severance Agreement made specific deletions and revisions to Section 10(c) and 10(d). The foregoing description is qualified in its entirety by reference to the Severance Agreement, a form of which is attached hereto as Exhibit 10.2 and incorporated by reference herein.
Exhibits
The following exhibits are filed herewith:
Exhibit 10.1 Core Molding Technologies, Inc. Cash Profit Sharing Plan
Exhibit 10.2 Form of Amended and Restated Executive Severance Agreement
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