Federal Signal Corporation (NYSE:FSS) 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
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Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
announced the departure of Brian S. Cooper, Senior Vice President
and Chief Financial Officer, effective March 21, 2017. The
Company has entered into a consulting agreement with Mr. Cooper
to provide transition services to the Company.
President and Interim Chief Financial Officer, effective March
21, 2017. In this capacity, Mr. Hudson will be the Companys
Principal Financial Officer. Since joining the Company in August
2013, Mr. Hudson has served as Vice President and Corporate
Controller and the Companys Principal Accounting Officer and will
continue to serve in these capacities. Prior to joining the
Company, Mr. Hudson served as Director of Accounting – Latin
America and Asia Pacific at Groupon, Inc. from June 2012 to
August 2013. Prior to that role, Mr. Hudson worked at Ernst
Young, LLP from 1998 to 2012, most recently as Senior Audit
Manager.
Vice President and Interim Chief Financial Officer are summarized
below:
of $300,000.
annual cash incentive bonus equal to 60% of his annual base
salary at target and capped at 120% of his annual base salary,
calculated and paid according to the Companys short-term
incentive bonus plan, prorated for 2017 based on the effective
date of his promotion.
eligible to receive long-term equity incentive compensation
awards beginning in 2017 with a target value of $200,000, subject
to the discretion of the Companys Compensation and Benefits
Committee.
in effect prior to his promotion.
attached hereto as Exhibit 99.1 and the information contained
therein is incorporated herein by reference.
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Item 9.01
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Financial Statements and Exhibits.
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(d)
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Exhibits
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99.1
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Federal Signal Corporation Press Release, dated March
27, 2017. |
About Federal Signal Corporation (NYSE:FSS)
Federal Signal Corporation designs and manufactures products and integrated solutions for municipal governmental industrial and commercial customers. The Company operates through two segments: Environmental Solutions Group, and Safety and Security Systems Group. Environmental Solutions Group is manufacturer and supplier of a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment. Its products are sold to both municipal and industrial customers under the Elgin, Vactor, Guzzler and Jetstream brand names. Safety and Security Systems Group is a manufacturer and supplier of systems and products that law enforcement, fire rescue, emergency medical services, campuses military facilities and industrial sites use to protect people and property. Its portfolio of products includes sewer cleaners, vacuum trucks, street sweepers, safety and security systems, including products and solutions for the public safety market. Federal Signal Corporation (NYSE:FSS) Recent Trading Information
Federal Signal Corporation (NYSE:FSS) closed its last trading session down -0.08 at 13.67 with 164,787 shares trading hands.