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BWA > SEC Filings for BWA > Form 8-K on 19-Nov-2012All Recent SEC Filings

Show all filings for BORGWARNER 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 November 13, 2012, John G. Sanderson, President, Business Strategy, informed the Company that he will retire from the Company effective December 31, 2012. In recognition of Mr. Sanderson's service to the Company, the Compensation Committee accelerated the vesting of restricted stock granted to him in 2010 and portions of restricted stock grants awarded to him in 2011 and 2012, and the Committee waived the requirement that he remain employed throughout the performance period for all of the performance shares awarded to him for the 2011-2013 period and a portion of the performance shares awarded to him for the 2012-2014 period.

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