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GNTX > SEC Filings for GNTX > Form 8-K on 21-Dec-2012All Recent SEC Filings

Show all filings for GENTEX CORP

Form 8-K for GENTEX CORP


21-Dec-2012

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.

(e) Gentex Corporation (the "Company") has increased the overall responsibilities of Bruce Los. His title remains Senior Vice President and he is already an executive officer with reporting requirements under Section 16 of the Securities Exchange Act of 1934, as amended. In connection with his increased responsibilities, on December 20, 2012, the Company set Mr. Los' annual salary at $210,028 (effective in accordance with Company policy and procedures). He will remain eligible for profit sharing bonuses and discretionary bonuses, which are also available to all salaried employees and officers generally and which, in operation, provide for the same method of allocation of benefits between management and non-managed participants.

Notwithstanding the foregoing, Mr. Los does not have a written employment agreement and will continue to be an at-will employee of the Company as is the case with all Company employees.

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