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| GT > SEC Filings for GT > Form 8-K/A on 6-Aug-2009 | All Recent SEC Filings |
6-Aug-2009
Change in Directors or Principal Officers, Financial Statements
On June 4, 2009, The Goodyear Tire & Rubber Company ("Goodyear") filed a Current Report on Form 8-K announcing the election of Richard J. Kramer as Chief Operating Officer. We are filing this Form 8-K/A to provide the information required by Item 5.02(c)(3) by adding the fourth paragraph.
On June 2, 2009, the Board of Directors of Goodyear elected Richard J. Kramer as Chief Operating Officer, effective immediately. Mr. Kramer will continue as President, North American Tire, a position he has held since March 14, 2007, until his successor is named.
Mr. Kramer joined Goodyear in March 2000 as Vice President - Corporate Finance, serving in that capacity as Goodyear's principal accounting officer until August 2002, when he was elected Vice President, Finance - North American Tire. In August 2003, he was named Senior Vice President, Strategic Planning and Restructuring, and in June 2004 was elected Executive Vice President and Chief Financial Officer. Mr. Kramer served as Chief Financial Officer until August 7, 2007. Prior to joining Goodyear, Mr. Kramer was with PricewaterhouseCoopers LLP for 13 years, including two years as a partner. Mr. Kramer is 45 years old.
In connection with his election, on August 3, 2009, the Compensation Committee of the Board of Directors determined that Mr. Kramer will receive an annual base salary of $750,000 and will continue to participate in Goodyear's Performance Recognition Plan, with an annual target of $750,000. On August 4, 2009, the Board of Directors also approved additional grants of 22,794 stock options and 1,710 performance shares for the three-year period ending December 31, 2011 under Goodyear's 2008 Performance Plan and 6,873 units for the three-year period ending December 31, 2011 under Goodyear's Executive Performance Plan.
A copy of Goodyear's press release announcing Mr. Kramer's appointment is attached hereto as Exhibit 99.1.
(d) Exhibit 99.1 - News release, dated June 4, 2009
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