Global Power Equipment Group Inc. (OTCMKTS:GLPW) 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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Global Power Equipment Group Inc. (OTCMKTS:GLPW) 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 August2, 2017, Global Power Equipment Group Inc. (the“Company”) appointed Erin Gonzalez Chief Financial Officer and Principal Financial Officer of the Company.

Ms.Gonzalez, 44, joined the Company as the Tax Director in August2012, and then served as Company’s Vice President, Tax and Treasury, and the Corporate Treasurer from July2014 until her promotion to Chief Financial Officer. Previously, Ms.Gonzalez worked at Wal-Mart Stores,Inc., where she served in a variety of roles, including as Director, Global eCommerce Taxation and Tax Planning. She also taught Masters-level courses in Advanced Corporate Taxation and Individual Tax Planning as an adjunct professor at University of Arkansas. Before joining Wal-Mart Stores,Inc., Ms.Gonzalez worked at Arthur Andersen from 1995 to 2002, where she rose to Experienced Manager, followed by a year at KPMG US LLP. She is a Certified Public Accountant.

As Chief Financial Officer, Ms.Gonzalez will receive an annual base salary of $275,000, shall be eligible for a short term incentive bonus opportunity with a 50% target, and up to a maximum of 50%, of base salary, and shall participate in the Company’s executive severance plan with the right to receive up to a year of base salary under certain qualifying terminations of employment.

There is no arrangement or understanding between Ms.Gonzalez and any other person to which she was selected as an officer of the Company, and there are no family relationships between Ms.Gonzalez and any of the Company’s directors or executive officers. There are no transactions to which the Company is a party and in which Ms.Gonzalez has a direct or indirect material interest that would be required to be disclosed under Item 404(a)of Regulation S-K.

On August1, 2017, Mark Jolly, who served as Vice President, Finance, of the Company since November2016 and as Chief Accounting Officer of the Company since March2017, ceased to be employed by the Company.


About Global Power Equipment Group Inc. (OTCMKTS:GLPW)

Global Power Equipment Group Inc. is a design, engineering and manufacturing company providing an array of equipment and services to the global power infrastructure, energy and process industries. The Products segment includes two primary product categories: Mechanical Solutions, which designs, engineers and manufactures a portfolio of equipment for utility-scale natural gas turbines, and Electrical Solutions, which provides custom-configured electrical houses and generator enclosures for various industries. The Services segment provides lifecycle maintenance, repair, on-site specialty support, outage management, construction and fabrication services for the power generation, industrial, chemical/petrochemical processing, and oil and gas industries. Its products portfolio span from auxiliary equipment for gas turbines to small, high alloy parts, such as seals, shims and brackets. It also offers a range of services that have been managing plant asset value.