Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) 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.

(b) Resignation of Chief Financial Officer
On May 27, 2020, C. Timothy Trenary, the Chief Financial Officer and Treasurer of Commercial Vehicle Group, Inc. (the “Company”), submitted his resignation of employment to the Company, to be effective on June 10, 2020. Mr. Trenary’s resignation of employment was not because of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Mr. Harold C. Bevis, President & CEO, thanked Mr. Trenary for his long service and many contributions to the Company including the FSE acquisition and the recent amendments to the Company’s credit agreements. The Board of Directors of the Company has commenced a search for a permanent replacement for Mr. Trenary.
(c) Appointment of Interim Chief Financial Officer
On May 27, 2020, the Board of Directors of the Company appointed Edmund S. Carney, as the Interim Chief Financial Officer and Treasurer of the Company, effective on June 10, 2020, until such time as the Company appoints a permanent Chief Financial Officer and Treasurer. Mr. Carney has been serving as a consultant to the Company since May 4, 2020.
Mr. Carney, age 54, has been the owner of Empath Consulting, PLLC since October 2011, providing finance and operational consulting services to a number of companies. Prior to that, from 1996 to 2011, Mr. Carney served in a number of leadership roles in the finance organizations of Aviva Investors NA, GM Asset Management, Rexair LLC., Owens Corning, and Honeywell International.
Mr. Carney’s compensation is expected to be $416,000 on an annualized basis.
Mr. Carney has been a certified public accountant since 1990, registered in Michigan, and earned his Bachelor of Business Administration from University of Michigan in May 1988.
There is no arrangement or understanding between Mr. Carney and any other person(s) to which he was selected to be an officer of the Company, and Mr. Carney does not have any family relationships with any of the Company’s executive officers or directors.
About Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Commercial Vehicle Group, Inc. is a supplier of a range of cab-related products and systems. The Company operates through two segments: the Global Truck and Bus Segment (GTB Segment) and the Global Construction and Agriculture Segment (GCA Segment). The GTB Segment manufactures and sells products, which include Seats, Trim, sleeper boxes, cab structures, structural components and body panels, and mirrors and wiper systems. The GCA Segment manufactures and sells the products, which include Electronic wire harness assemblies and Seats, Wiper systems, Office seating, and Aftermarket seats and components. It supplies products for the commercial vehicle market, including the medium-and heavy-duty truck market, the medium-and heavy-construction vehicle market, and the military, bus, agriculture, mining, industrial equipment and off-road recreational markets. It has manufacturing operations in the United States, Mexico, the United Kingdom, Czech Republic, Ukraine, China, India and Australia.