Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On April 6, 2009, Robbins & Myers, Inc. (the "Company") informed Gary L. Brewer,
Vice President of the Company and President of the Company's Process Solutions
Group, that his position will be eliminated effective April 9, 2009. The Company
and Mr. Brewer entered into a Severance Agreement and Release of Claims, dated
April 6, 2009 (the "Severance Agreement"), under which Mr. Brewer: (A) will
receive severance pay in the amount of $265,000 (which will be paid in two equal
installments), continued health benefits through April 30, 2010 (provided that
he is not employed by another employer that provides such benefits to him), and
outplacement services, (B) acknowledged that he is bound by the confidentiality
and noncompetition provisions in the Executive Officer Change in Control
Agreement to which he is a party (the form of which is filed with the SEC as
Exhibit 10.15 to the Company's Annual Report on Form 10-K for the fiscal year
ended August 31, 2007), and (C) agreed to release all claims against the
Company. A copy of the Severance Agreement is filed as Exhibit 10.1 hereto and
is incorporated herein by reference.
Mr. Brewer's responsibilities are being assumed by other senior management of
the Company.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits - See Index to Exhibits