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 March20, 2017, the Compensation Committee of the Board of
Directors (the Compensation Committee) of Ducommun Incorporated
(the Company) awarded performance stock units to the executive
officers of the Company. The performance stock units generally
vest at the end of the three-year performance period from
January1, 2017 to December31, 2019 (the Performance Period) in
amounts from 0% to 250% of the target units depending on the
Companys performance relative to two performance metrics: (i)the
diluted earnings per share of the Company for each year of the
Performance Period, subject to certain adjustments (the EPS
Metric), and (ii)the relative total shareholder return during the
Performance Period of the Companys stock compared to the stocks
of the companies in the Russell 2000 Index at the beginning of
the Performance Period (the TSR Metric). The number of
performance stock units vesting is calculated as follows: (i)0 to
200% of the target units may be earned based on the EPS Metric,
and (ii)the number of units earned based on the EPS Metric is
then multiplied by a number between 0.75 and 1.25 based on the
TSR Metric. Upon vesting, one share of common stock of the
Company will be issued for each vested performance stock unit.
| Item9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| 99.1 | Form of Performance Stock Unit Agreement |
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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 down -0.80 at 27.90 with 61,330 shares trading hands.