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BEAV > SEC Filings for BEAV > Form 8-K on 13-Dec-2013All Recent SEC Filings

Show all filings for B/E AEROSPACE 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 December 10, 2013, Richard M. Sharpe announced his retirement from his position as the Vice President and General Manager - Consumables Management Segment for B/E Aerospace, Inc. (the "Company"), but agreed to remain as an employee with the Company through February 28, 2014 in order to assist with an orderly transition of his responsibilities and duties. Thereafter, Mr. Sharpe will serve as a consultant to the Company through February 27, 2017 pursuant to the terms of a written Consulting Agreement entered into with the Company (the "Consulting Agreement").

In recognition of Mr. Sharpe's contributions to the Company, Mr. Sharpe will receive the compensation and benefits payable upon a termination without cause under his employment agreement dated May 4, 2012, the material terms of which have been previously disclosed in the Company's Proxy Statement, filed with the Securities and Exchange Commission on April 29, 2013. Pursuant to the Consulting Agreement, Mr. Sharpe will receive a consulting fee of $37,225 per month.

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