Preformed Line Products Co 8-K, filed May 9, 2023
Preformed Line Products Co (PLPC)
About this 8-K
Preformed Line Products Co filed this 8-K on May 9, 2023.
Items reported
- Item 5.02: Director or officer change, or executive pay
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
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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
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 1, 2023, Mr. William H. Haag, Vice President, Asia Pacific Region, of Preformed Line Products Company (the “Company”), announced his plans to retire from such position with the Company on June 1, 2023. Mr. Haag has been employed at the Company for 38 years, holding various positions.
Additionally, on May 1, 2023, the Board of Directors of the Company appointed William Koh, age 53, as the Company’s Vice President, Asia Pacific Region, to replace Mr. Haag. This appointment will take effect immediately. Prior to his employment with the Company, Mr. Koh served as Regional Managing Director for TECO Electric and Machinery Co., Ltd, and several positions at Danaher, including Managing Director of the Southeast Asia division.
Effective May 1, 2023, Mr. Koh will become eligible to participate equitably with the Company’s other executive officers in any of the Company’s plans relating to incentive compensation, pension, profit sharing, disability income insurance, life insurance, education, medical coverage, automobile allowance or leasing, or other retirement or employee benefits.
On May 3, 2023, Mr. Andrew Klaus, Chief Financial Officer of the Company, received an award of 4,730 restricted share units (“RSUs”) under the Company’s 2016 Long Term Incentive Plan with a grant date fair market value of $590,209. The RSUs vested in full on the grant date.
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.
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PREFORMED LINE PRODUCTS COMPANY |
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Date: |
May 9, 2023 |
By: |
/s/ Caroline Vaccariello |
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Caroline Vaccariello |