Synalloy Corporation (NASDAQ:SYNL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Synalloy Corporation (NASDAQ:SYNL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On May 1, 2017, the Board of Directors of Synalloy Corporation (the “Company”) unanimously approved, to the powers granted to the Board by Section 12 of the Company’s 2015 Stock Awards Plan (the “2015 Plan”), the First Amendment to the 2015 Stock Awards Plan (the “Amendment”). The Amendment amends the 2015 Plan by granting the Compensation and Long Term Incentive Committee of the Board the authority to establish and amend vesting schedules for stock awards made to the 2015 Plan.
The description of the Amendment contained in this Current Report on Form 8-K is a summary and is qualified in its entirety by the terms of the Amendment. The Company will file the Amendment with the U.S. Securities and Exchange Commission as an exhibit to its next Quarterly Report on Form 10-Q.
About Synalloy Corporation (NASDAQ:SYNL)
Synalloy Corporation is a chemical manufacturing company. The Company operates through two segments: the Metals Segment and the Specialty Chemicals Segment. The Company’s Metals Segment comprises three subsidiaries: Synalloy Metals, Inc., which owns Bristol Metals, LLC (BRISMET), located in Bristol, Tennessee; Palmer of Texas Tanks, Inc. (Palmer), located in Andrews, Texas; and Specialty Pipe & Tube, Inc. (Specialty), located in Mineral Ridge, Ohio and Houston, Texas. The Company’s Metals Segment manufactures stainless steel, other alloy pipe, storage solutions and separation equipment. The Company’s Specialty Chemicals segment consists of the Company’s subsidiary, Manufacturers Soap and Chemical Company (MS&C). The Specialty Chemicals Segment manufactures lubricants, surfactants, reaction intermediaries, sulfated fats and oils, and chemical tolling manufacturing resources. Synalloy Corporation (NASDAQ:SYNL) Recent Trading Information
Synalloy Corporation (NASDAQ:SYNL) closed its last trading session 00.00 at 12.85 with 36,306 shares trading hands.
Synalloy Corporation is a chemical manufacturing company. The Company operates through two segments: the Metals Segment and the Specialty Chemicals Segment. The Company’s Metals Segment comprises three subsidiaries: Synalloy Metals, Inc., which owns Bristol Metals, LLC (BRISMET), located in Bristol, Tennessee; Palmer of Texas Tanks, Inc. (Palmer), located in Andrews, Texas; and Specialty Pipe & Tube, Inc. (Specialty), located in Mineral Ridge, Ohio and Houston, Texas. The Company’s Metals Segment manufactures stainless steel, other alloy pipe, storage solutions and separation equipment. The Company’s Specialty Chemicals segment consists of the Company’s subsidiary, Manufacturers Soap and Chemical Company (MS&C). The Specialty Chemicals Segment manufactures lubricants, surfactants, reaction intermediaries, sulfated fats and oils, and chemical tolling manufacturing resources. Synalloy Corporation (NASDAQ:SYNL) Recent Trading Information
Synalloy Corporation (NASDAQ:SYNL) closed its last trading session 00.00 at 12.85 with 36,306 shares trading hands.
