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PLPC > SEC Filings for PLPC > Form 8-K on 26-Feb-2009All Recent SEC Filings

Show all filings for PREFORMED LINE PRODUCTS CO | Request a Trial to NEW EDGAR Online Pro

Form 8-K for PREFORMED LINE PRODUCTS CO


26-Feb-2009

Change in Directors or Principal Officers


Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 24, 2009, Richard Gascoigne was elected to the Board of Directors of Preformed Line Products Company (the "Company") by the Board to fill a vacancy existing on the Board. On November 5, 2008, the Company filed a Form 8-K disclosing that the Company had provided notice to Nasdaq of non-compliance with the Nasdaq listing rule requiring that Nasdaq companies have a board of directors comprised of a majority of independent directors. The Company's non-compliance resulted from the death on November 5, 2008 of one of the Company's independent directors. As a result of the addition of Mr. Gascoigne to the Board, the Company has regained compliance with Nasdaq's independent directors rule because four of seven directors are independent under the Nasdaq standards. In accordance with the Company's Code of Regulations, Mr. Gascoigne will hold office until this year's annual meeting of shareholders. Mr. Gascoigne is expected to be a nominee for election to the Board by the shareholders at the annual meeting.

Mr. Gascoigne was Managing Director at Marsh Inc., subsidiary of Marsh & McLennan Co. ("Marsh") from 1995 until his retirement in 2008. Prior to that, he had held numerous positions during his twenty-eight year career at Marsh. Marsh is the Company's Insurance Broker.

A copy of the Company's press release relating to the election of Mr. Gascoigne is attached as Exhibit 99.1.

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