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DORM > SEC Filings for DORM > Form 8-K on 15-Jul-2013All Recent SEC Filings

Show all filings for DORMAN PRODUCTS, INC.



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 July 11, 2013, Joseph M. Beretta, co-President of Dorman Products, Inc. (the "Company"), notified us that he intends to resign from the Company effective August 30, 2013 to pursue other opportunities. Mr. Beretta entered into a General Release and Waiver Agreement dated July 11, 2013 pursuant to which the Company will pay Mr. Beretta severance payments totaling $450,000 in 39 equal installments during the period beginning on September 2, 2013 and ending eighteen (18) months thereafter. The Company also agreed to pay Mr. Beretta's COBRA coverage expenses during the first twelve (12) months of the eighteen month severance period. The General Release and Waiver Agreement also contains a release of claims provision. Mr. Beretta has seven (7) days in which to revoke his acceptance of the General Release and Waiver Agreement.

On July 15, 2013, the Company announced that Mathias J. Barton, co-President of the Company, will become President of the Company effective August 30, 2013. Mr. Barton, age 53, joined the Company in November 1999 as Senior Vice President, Chief Financial Officer. Mr. Barton became co-President of the Company in February 2011. Prior to joining the Company, Mr. Barton was Senior Vice President and Chief Financial Officer of Central Sprinkler Corporation, a manufacturer and distributor of automatic fire sprinklers, valves and component parts. From May 1989 to September 1998, Mr. Barton was employed by Rapidforms, Inc., a manufacturer of business forms and other products, most recently as Executive Vice President and Chief Financial Officer. Mr. Barton is a graduate of Temple University.

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