Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
AMWD > SEC Filings for AMWD > Form 8-K on 15-Aug-2013All Recent SEC Filings

Show all filings for AMERICAN WOODMARK CORP

Form 8-K for AMERICAN WOODMARK CORP


15-Aug-2013

Change in Directors or Principal Officers, Financial Statements and Exhibi


ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; APPOINTMENT OF
CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS

In connection with the previously announced resignation of Jonathan H. Wolk, the Company's Senior Vice President and Chief Financial Officer, the Company and Mr. Wolk entered into a Separation Agreement and Release (the "Agreement") on August 9, 2013. Under the Agreement, the Company has agreed to accelerate the vesting of a pro-rata number of the unvested restricted stock units ("RSUs") held by Mr. Wolk as of August 9, 2013, his termination date, and Mr. Wolk has agreed to provide the Company and its affiliates with a general release of claims.

The pro-rata vesting calculation is based on the number of days of Mr. Wolk's service during the three-year vesting period applicable to each RSU award. An additional 7,692 RSUs will be vested pursuant to the Agreement, with a total market value (based on the Company's closing share price on August 9, 2013) of $250,144.

The Agreement will become effective on August 17, 2013, unless revoked by Mr. Wolk before that date. The additional vested RSUs (subject to nonrevocation of the Agreement by Mr. Wolk) will be converted into shares of the Company's common stock, which will be issued to Mr. Wolk, less applicable withholding taxes, on or about February 9, 2014, pursuant to their terms.

The Agreement also confirms the other amounts to which Mr. Wolk is entitled in connection with his termination of employment under his employment agreement with the Company and Mr. Wolk's continuing obligations under that agreement.

A copy of the Agreement is filed as Exhibit 10.1 to this report and is incorporated by reference in response to this Item.



ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

Exhibit 10.1. Separation Agreement and Release, dated August 9, 2013, between the Company and Jonathan H. Wolk


  Add AMWD to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for AMWD - All Recent SEC Filings
Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.