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TECUA > SEC Filings for TECUA > Form 8-K on 8-Oct-2009All Recent SEC Filings

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Form 8-K for TECUMSEH PRODUCTS CO


8-Oct-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. Edwin L. Buker's employment as Chairman of the Board, President and Chief Executive Officer terminated as of October 2, 2009. On October 5, 2009, the Company and Mr. Buker entered into a settlement agreement under which Mr. Buker is to receive $2,590,000 in full settlement of Mr. Buker's rights to compensation and benefits. In accordance with his employment agreement, Mr. Buker resigned as a director upon termination of his employment.
On October 2, 2009, James Wainright, Vice President of Global Operations, was designated acting President.
On October 7, 2009, the Company issued a press release about the management changes. A copy of the press release is filed as an exhibit to this Form 8-K and is hereby incorporated into this Item 5.02 by reference. Item 9.01 Financial Statements and Exhibits.
The following exhibit is filed with this report:

Exhibit No. Description
99.1 Press Release dated October 7, 2009


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