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Quotes & Info
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| ARM > SEC Filings for ARM > Form 8-K on 5-Jan-2009 | All Recent SEC Filings |
5-Jan-2009
Change in Directors or Principal Officers
In response to worsening economic conditions, ArvinMeritor, Inc. ("ArvinMeritor") is announcing that it is decreasing the base salaries of its senior executives by 10% as part of a more general cost cutting initiative. The salary decreases apply to, among other executives: Charles G. McClure, Chairman of the Board, Chief Executive Officer and President; Vernon G. Baker, II, Senior Vice President and General Counsel; Jeffrey A. Craig, Senior Vice President, Chief Financial Officer and Acting Controller; Carsten J. Reinhardt, Senior Vice President and President, Commercial Vehicle Systems; Philip R. Martens, Senior Vice President and President, Light Vehicle Systems; and James D. Donlon, III, Executive Vice President.
The salary decreases, which will be effective beginning January 16, 2009, are intended by ArvinMeritor to be temporary, although there can be no assurances as to when the original salary rates will be reinstated.
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