Hexcel Corp 8-K, filed Jun 26, 2020
Hexcel Corp (HXL)
About this 8-K
Hexcel Corp filed this 8-K on June 26, 2020, reporting on events of June 23, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): June 26, 2020 (
(Exact name of registrant as specified in its charter)
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On June 23, 2020 the Board of Directors (the “Board”) of Hexcel Corporation (the “Company”), upon the recommendation of the Compensation Committee of the Board, extended the previously disclosed 50% base salary reduction for the Company’s Chairman, Chief Executive Officer and President for an additional three month period.
| Item 8.01 | Other Events. |
In addition, the Board, upon the recommendation of the Compensation Committee of the Board, also continued the previously disclosed 50% reduction of cash retainer fees of the non-employee directors of the Company, including the value of any restricted stock units any non-employee director has elected to receive in lieu of cash retainer, for the third quarter of 2020.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: June 26, 2020
Hexcel Corporation
By: /s/ Gail E. Lehman
Name: Gail E. Lehman
Title: Executive Vice President, General Counsel and Secretary