8-KThe WireRed Alert
Executive Change
Filed Sep 13, 2018 · 7y ago · Accession 0001193125-18-272336
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE SECURITIES ACT OF 1934
Date of report (Date of earliest event reported):
September 7, 2018
Kennametal Inc.
(Exact Name of Registrant as Specified in Its Charter)
Pennsylvania
1-5318
25-0900168
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
World
Headquarters
600 Grant
Street
Suite 5100
Pittsburgh,
Pennsylvania
15219
(Address of Principal Executive Offices)
(Zip Code)
Registrants telephone number, including area code: (412)
248-8000
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions (see General Instruction A.2. below):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this
chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
Kennametal Inc. (the Company or Kennametal) filed a Current Report
on Form 8-K on June 15, 2018 regarding the retirement of Mr. Jan Kees van Gaalen from the Company. In connection with this departure, the Company entered into a Separation Agreement with Mr. van
Gaalen, which contains a general release of claims and provides that Mr. van Gaalen will receive the benefits to which he is contractually entitled on a termination without cause. Additionally, in exchange for a non-compete and non-solicitation agreement and confirmation of confidentiality obligations, Mr. van Gaalen will receive additional severance of $600,000 payable in a lump
sum payment following the six-month anniversary of his separation from service. The foregoing description of the terms and conditions of the Separation Agreement with Mr. van Gaalen is subject to the
entire agreement, which is attached as Exhibit 10.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and
Exhibits.
(d) Exhibits.
10.1
Separation Agreement for Jan Kees van Gaalen
Filed Herewith.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
Date: September 13, 2018
Kennametal Inc.
By:
/s/ Michelle R. Keating
Michelle R. Keating
Vice President, Secretary and General Counsel
Filing details
- Company
- KENNAMETAL INC
- Ticker
- KMT
- CIK
- 55242
- Form type
- 8-K
- Filing date
- Sep 13, 2018
- Report date
- Sep 7, 2018
- Document
- d623466d8k.htm
- Size
- 83 KB