Forterra, Inc. (NASDAQ:FRTA) 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.
On December 10, 2018, Mark Carpenter, President of the Drainage Pipe & Products segment of Forterra, Inc. (the “Company”) submitted a notice of his resignation in order to pursue a new opportunity. Mr. Carpenter will continue his employment with the Company through January 4, 2019. Mr. Carpenter entered into an employment agreement with the Company dated December 18, 2017 (the “Employment Agreement”) under which he is entitled to certain benefits in the event his employment is terminated. Mr. Carpenter’s resignation from the Company was voluntary, and he is entitled to receive the accrued benefits detailed in his Employment Agreement in the event of such a separation.
About Forterra, Inc. (NASDAQ:FRTA)
Forterra, Inc. is a manufacturer of pipe and precast products. The Company offers products for a range of water-related infrastructure applications, including water transmission, distribution and drainage. The Company operates approximately 95 facilities. Its products are available in the United States and Eastern Canada.
