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LOJN > SEC Filings for LOJN > Form 8-K on 20-Jun-2013All Recent SEC Filings

Show all filings for LOJACK CORP

Form 8-K for LOJACK CORP


20-Jun-2013

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. On June 18, 2013, the Board of Directors of LoJack Corporation (the "Company") expanded the size of the Board from eight to nine members and appointed Phil Horlock to the Board of Directors, effective immediately. Mr. Horlock, who qualifies as independent under the applicable rules of the Securities and Exchange Commission ("SEC") and NASDAQ, has not been appointed to any Board committees at this time.
Mr. Horlock, 57, is President and Chief Executive Officer of Blue Bird Corporation. Blue Bird, owned by Cerberus Capital Management, LP, is an international leader in school bus and transit bus design, manufacture and distribution, with more than 1,500 employees, manufacturing facilities in Georgia and Ontario, and an extensive dealer network throughout North America. He joined Blue Bird in January of 2010 as Chief Financial Officer and was appointed to President and Chief Executive Officer in April of 2011. During his tenure, Mr. Horlock has overseen the company's restructuring activities while simultaneously launching industry-leading new products and increasing market share. Prior to joining Blue Bird, Mr. Horlock spent more than 30 years at Ford Motor Company, where he held positions of increasing responsibility in worldwide Finance and Operations.

Mr. Horlock will be compensated as a Director in accordance with the Company's Board Compensation arrangements as described under the heading "Compensation of Directors" in the Company's definitive proxy statement filed with the SEC on April 2, 2013, and incorporated herein by reference. In connection with his appointment to the Board, Mr. Horlock will receive a pro rata portion of the annual cash retainer and equity grant for 2013 pursuant to the Company's Board Compensation arrangements, which pro-rata amounts consist of $8,043 in cash and a grant of 13,890 shares of restricted stock.
There are no family relationships between Mr. Horlock and any of the Company's directors or executive officers. There is no arrangement or understanding between Mr. Horlock and any other person pursuant to which he was selected as a director, nor is the Company aware, after inquiry of Mr. Horlock, of any related-person transaction or series of transactions required to be disclosed under SEC rules.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press Release, dated June 18, 2013.


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