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GNTX > SEC Filings for GNTX > Form 8-K on 16-Aug-2013All Recent SEC Filings

Show all filings for GENTEX CORP

Form 8-K for GENTEX CORP


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)             On August 15, 2013, Gentex Corporation (the "Company") set Steve
                Downing's annual salary at $160,000 (effective in accordance with
                Company policies and procedures) for the increase in overall
                responsibilities related to his appointment as Chief Financial
                Officer and Vice President, Finance and Treasurer. In addition,
                Mr. Downing will also receive a 9,000 share stock option grant
                pursuant to the Company's shareholder approved Employee Stock
                Option Plan (in accordance with Company policies and procedures).
                Mr. Downing is an executive officer with reporting requirements
                under Section 16 of the Securities Exchange Act of 1934, as

Notwithstanding the foregoing, Mr. Downing 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 employees of the Company.

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