Item 1.01 Entry Into a Material Definitive Agreement
On April 25, 2009, Rock of Ages Corporation concluded negotiations
on new collective bargaining agreements with the two unions
representing the production workforce in its quarries and
manufacturing plants located in Barre, Vermont. Accordingly,
effective April 25, 2009 the Company entered into three separate
collective bargaining agreements: A two year agreement with the
United Steelworkers covering part of the production workforce in its
manufacturing plant in Barre, Vermont; a two year agreement with the
Granite Cutters Association covering the remainder of the production
workforce in the Company's manufacturing plant in Barre, Vermont;
and a three year agreement with the United Steelworkers covering its
production workforce in its Vermont quarries. The three year quarry
agreement commences on April 25, 2009 and expires on April 27, 2012,
and the manufacturing agreements commence on April 25, 2009 and
expire on April 29, 2011.
Pursuant to the agreements, wages for quarry workers remain the same
in year one and increase $0.50 per hour in years two and three, and
wages for manufacturing plant workers remain the same in year one
and increase $0.50 per hour in year two. The workers agreed to a
modest increase in their share of health insurance premiums
beginning in 2010 and the quarry worker's partner in productivity
bonus plan will now be capped at the nine year average of $4,500 per
person.
ROCK OF AGES CORPORATION
FORM 8-K
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ROCK OF AGES CORPORATION
Dated: April 28, 2009 By: /s/Laura Plude
Laura Plude
Vice President and Chief Financial
Officer