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| SPAR > SEC Filings for SPAR > Form 8-K on 8-Jul-2009 | All Recent SEC Filings |
8-Jul-2009
Other Events
On June 30, 2009, Kenneth K. Kaczmarek, a member of the Board of Directors of Spartan Motors, Inc. (the "Registrant"), entered into a Sales Plan (the "Plan") with a securities brokerage firm to sell up to 1,581 shares of the Registrant's common stock beneficially owned by Mr. Kaczmarek. The number of shares to be sold pursuant to the Plan is subject to adjustment for stock splits, reverse stock splits, stock dividends, and other recapitalization events.
The Plan directs the brokerage firm to sell the shares at a specified price during the period beginning on September 14, 2009, and ending September 30, 2009, subject to earlier termination of the Plan. All sales of shares pursuant to the Plan are subject to the terms and conditions of the Plan.
The Plan is intended to comply with the requirements of Rule 10b5-1(c) under the Securities Exchange Act of 1934, as amended. Rule 10b5-1 permits insiders to sell shares of stock over a designated period of time by establishing pre-arranged written plans at a time when the insiders are not in possession of material non-public information.
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