ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN
OFFICERS
On October 12, 2009, Mr. William A. Caton, the Executive Vice President and
Chief Risk Officer of Navistar International Corporation (the "Company"),
notified the Company that he intends to retire effective October 31, 2009. His
decision to retire was not as a result of any disagreement with the Company or
its management. In connection with Mr. Caton's retirement, the Company is
considering extending additional healthcare coverage to Mr. Caton and his spouse
(beyond the 36 months of coverage currently provided to him under his Executive
Severance Agreement) at 100% of the cost of coverage rate in effect at the time,
until such time as he and his spouse are eligible for Medicare benefits. Aside
from the foregoing, there has been no change in Mr. Caton's compensatory
arrangement with the Company from that as originally disclosed in the Company's
Form 8-K filed with the Securities and Exchange Commission on June 20, 2008.
PAGE 3
Add
NAV to Portfolio
Set Alert
Email to a
Friend