CHART INDUSTRIES, INC. (NASDAQ:GTLS) 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.
In connection with the Company’s planned corporate headquarters relocation to Canton, Georgia, Mary C. Cook, the Company’s current Chief Accounting Officer and Controller, informed the Company of her intent not to relocate to the Canton, Georgia facilities. As a result, and in order to expedite the pursuit of other opportunities and an orderly transition of her duties, the terms of the Employment Agreement entered into by and between the Company and Ms. Cook on April 15, 2016 and amended effective as of December 19, 2016 (the “Employment Agreement”) have been amended to reflect that, effective September 8, 2017, Ms. Cook will relinquish her duties as the Company’s Chief Accounting Officer and Controller and thereafter assist the Company in a new, non-executive officer role of Vice President of Finance until March 31, 2018. At such time, Ms. Cook’s employment with the Company shall terminate. to the terms of the Employment Agreement, as amended, and absent any intervening event, Ms. Cook’s departure will be treated as a termination “without Cause” thereunder, and Ms. Cook shall be entitled to the corresponding compensation and benefits associated therewith.
The foregoing description of Amendment No. 2 to the Employment Agreement is not complete and is qualified in its entirely by reference to such amendment, which is attached hereto and incorporated herein by reference.
Jillian C. Evanko, the Company’s current Vice President, Chief Financial Officer and Treasurer, will assist Ms. Cook in the orderly transition of her duties during the remainder of Ms. Cook’s tenure with the Company. As a result, on September 8, 2017, the Board elected Ms. Evanko as the Company’s Chief Accounting Officer, in which capacity she will serve in addition to her current position as Vice President, Chief Financial Officer and Treasurer.
Item 9.01Financial Statements and Exhibits.
(d)Exhibits.
Exhibit No.Description
|
10.1 |
Amendment No. 2 to Employment Agreement, dated September 8, 2017, between the Company and Mary C. Cook |
CHART INDUSTRIES INC ExhibitEX-10.1 2 gtls-20170908x8kexhibit101.htm EXHIBIT 10.1 Exhibit Exhibit 10.1AMENDMENT NO. 2 TO EMPLOYMENT AGREEMENTThis Amendment No. 2 is effective as of September 8,…To view the full exhibit click here
About CHART INDUSTRIES, INC. (NASDAQ:GTLS)
Chart Industries, Inc. (Chart) is a diversified manufacturer of engineered equipment for the industrial gas, energy, and biomedical industries. The Company’s equipment and engineered systems are used for low-temperature and cryogenic applications. It operates through three segments, including Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical. The Company’s products include vacuum insulated containment vessels, heat exchangers, cold boxes, other cryogenic components and equipment for respiratory therapy. The Company’s E&C and D&S segment’s manufacture products used primarily in energy-related and industrial applications, such as the separation, liquefaction, distribution and storage of hydrocarbon and industrial gases. The Company, through its BioMedical segment, supplies cryogenic and other equipment used in respiratory healthcare and life sciences, including biological research and animal breeding. CHART INDUSTRIES, INC. (NASDAQ:GTLS) Recent Trading Information
CHART INDUSTRIES, INC. (NASDAQ:GTLS) closed its last trading session up +0.44 at 35.11 with 98,963 shares trading hands.