DUCOMMUN INCORPORATED (NYSE:DCO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(e) On February21, 2017, the Compensation Committee of the Board
of Directors (the Compensation Committee) of Ducommun
Incorporated approved the 2017 Bonus Plan (the Plan) in the form
attached hereto as Exhibit 99.1. The Plan is an annual cash bonus
plan under which a bonus pool is funded based on the Companys net
income, operating income and cash flow relative to targets.
Participants in the Plan are the chief executive officer, the
executive chairman and the other officers of the Company. Bonus
awards under the Plan range from zero to 300% of salary depending
on position. Bonus awards are subject to the approval of the
Compensation Committee. Bonus awards are based on a combination
of the Companys financial performance and the individual
performance of the officers. The Compensation Committee, in its
discretion, may award bonuses even if the Plans financial
minimums are not achieved.
| Item9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| 99.1 | Ducommun Incorporated 2017 Bonus Plan |
About DUCOMMUN INCORPORATED (NYSE:DCO)
Ducommun Incorporated is a global provider of engineering and manufacturing services for various products and applications used primarily in the aerospace, defense, industrial, natural resources, medical and other industries. The Company is a solution-based provider, offering a range of value-added products and services in its primary businesses of electronics, structures and integrated solutions. The Company operates through two segments: Electronic Systems (ES) and Structural Systems (SS). The ES segment has over three product offerings in electronics manufacturing for various applications, including complex cable assemblies and interconnect systems, printed circuit board assemblies, and electronic, electromechanical and mechanical assemblies. The SS segment offers over three product offerings to support a customer base, including commercial aircraft, military fixed-wing aircraft, and military and commercial rotary-wing aircraft. DUCOMMUN INCORPORATED (NYSE:DCO) Recent Trading Information
DUCOMMUN INCORPORATED (NYSE:DCO) closed its last trading session up +0.68 at 31.40 with 68,918 shares trading hands.