MERITOR, INC. (NYSE:MTOR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 11, 2019, Kevin Nowlan, senior vice president and president, Trailer, Components and chief financial officer of Meritor, Inc. (the “Company”), tendered his resignation to accept a chief financial officer position with another company to be announced in the near future.
On March 13, 2019, the Company announced that its Board of Directors had appointed Carl D. Anderson, II, age 49, as the Company’s senior vice president and chief financial officer, effective immediately. Mr. Anderson previously served as the Company’s group vice president, Finance since March 2018. Mr. Anderson has held various positions within the Company since September 2006, including: director, capital markets from September 2006 to July 2009; assistant treasurer from July 2009 to February 2012 and vice president and treasurer from February 2012 to March 2018. Prior to joining the Company, Mr. Anderson worked in various roles at First Chicago NBD Bank and GMAC from 1992 through September 2006.
Joe Plomin will assume expanded responsibility for the Company’s Trailer and Components businesses as senior vice president and president, Aftermarket & Industrial and Trailer.
The Company’s press release announcing Mr. Anderson’s appointment and Mr. Plomin’s expanded responsibility is attached hereto as Exhibit 99-a and is incorporated herein by reference.
There are no relationships or arrangements regarding Mr. Anderson that are required to be disclosed to Item 401(b), 401(d) or 404(a) of Regulation S-K.
The Company is currently reviewing Mr. Anderson’s and Mr. Plomin’s compensation arrangements in connection with the foregoing and will disclose any material changes thereto in an amendment to this Form 8-K following their effectiveness.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit Number | Description |
| 99-a | Press Release dated March 13, 2019. |
MERITOR INC Exhibit
EX-99.A 2 meritor332463271-ex99a.htm PRESS RELEASE DATED MARCH 13,…
To view the full exhibit click here
About MERITOR, INC. (NYSE:MTOR)
Meritor, Inc. is a supplier of a range of integrated systems, modules and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors. The Company’s segments include Commercial Truck & Industrial and Aftermarket & Trailer. The Commercial Truck & Industrial segment supplies drivetrain systems and components, including axles, drivelines and braking and suspension systems, for medium- and heavy-duty trucks, off-highway, military, construction, bus and coach, fire and emergency and other applications in North America, South America, Europe and Asia Pacific. The Commercial Truck & Industrial segment also includes the Company’s aftermarket businesses in Asia Pacific and South America. The Aftermarket & Trailer segment supplies axles, brakes, drivelines, suspension parts and other replacement and remanufactured parts to commercial vehicle aftermarket customers in North America and Europe.
