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HSC > SEC Filings for HSC > Form 8-K on 30-May-2014All Recent SEC Filings

Show all filings for HARSCO CORP

Form 8-K for HARSCO 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.

On May 23, 2014, Christopher J. Stump joined Harsco Corporation (the "Company") as its Corporate Controller. In this role, Mr. Stump will oversee internal and external Corporate reporting and the administration of all Corporate accounting policies and procedures, and has assumed responsibility as the Company's principal accounting officer, effective as of May 23, 2014.

Mr. Stump, age 62, joins the Company from Fenner Plc, a reinforced polymer technology company, where he had served as Finance Director of its Precision Polymers Division since November 2011. From January 2006 to November 2011, Mr. Stump served as Director, Business Analysis of Armstrong World Industries, Inc. ("Armstrong"), a designer and manufacturer of floors and ceilings. From August 1998 to January 2006, Mr. Stump served as Assistant Controller of Armstrong.

As a result of Mr. Stump's hiring, F. Nicholas Grasberger, III, the Company's President, Chief Operating Officer and Chief Financial Officer, will no longer serve as the Company's principal accounting officer, effective as of May 23, 2014, but will continue to serve as the Company's principal financial officer.

In connection with his appointment, Mr. Stump agreed to an offer letter with the Company, which provides for the following compensation arrangements: (1) annual base salary of $300,000; (2) a one-time sign on bonus of $65,000, to be paid within the first 30 days of employment; (3) participation in the Company's performance-based annual incentive compensation program; and (4) participation in the Company's long-term incentive compensation program.

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