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ACW > SEC Filings for ACW > Form 8-K on 15-Jan-2014All Recent SEC Filings

Show all filings for ACCURIDE CORP



Change in Directors or Principal Officers

Item 5.02. Departure of Directors or Certain Officers; Compensatory Arrangements of Certain Officers.

Effective January 9, 2014, Charles M. Byrnes, Jr. left his position as Senior Vice President / Sales and Marketing of Accuride Corporation (the "Company") as part of a management restructuring initiative. Mr. Byrnes' separation was administered as a separation without "Cause" outside of a "Protection Period" under Mr. Byrnes' Severance and Retention Agreement, which is in the form of the Form Severance and Retention Agreement (Tier II Executives) previously filed as an exhibit to Form 10-K on March 15, 2012. In addition to the severance payable under, and subject to the terms of, such agreement, the Company also agreed that Mr. Byrnes will receive the following (i) the amount, if any, otherwise payable to him under the Company's 2013 Annual Incentive Compensation Plan, (ii) the amount, if any, that would be payable to him under the Company's Retirement Contribution program for 2013, and (iii) outsource placement services. Pursuant to his Severance and Retention Agreement, Mr. Byrnes has agreed to twenty-four
(24) month post-employment non-competition and non-solicitation covenants.

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