Graham Corporation (NYSE:GHM) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
On March27, 2018, the Compensation Committee of the Board of Directors of Graham Corporation (the “Company”) increased the base salary of each of the below listed named executive officers of the Company by 3.75%, as set forth below. Such increases will become effective April1, 2018
|
Named Executive Officer |
Current BaseSalary | New BaseSalary | ||
| Jeffrey Glajch, Vice President–Finance & Administration and Chief Financial Officer | $ | 270,122 | $ | 280,252 |
| Alan Smith, Vice President, General Manager | $ | 241,000 | $ | 250,038 |
| Jennifer Condame, Controller and Chief Accounting Officer | $ | 168,836 | $ | 175,167 |
About Graham Corporation (NYSE:GHM)
Graham Corporation designs, manufactures and sells critical equipment for the energy, defense and chemical/petrochemical industries. The Company designs and manufactures custom-engineered ejectors, vacuum pumping systems, surface condensers and vacuum systems. It is a nuclear code accredited fabrication and specialty machining company. It supplies components used inside reactor vessels and outside containment vessels of nuclear power facilities. Its equipment is found in applications, such as metal refining, pulp and paper processing, water heating, refrigeration, desalination, food processing, pharmaceutical, heating, ventilating and air conditioning. For the defense industry, its equipment is used in nuclear propulsion power systems for the United States Navy. The Company’s products are used in a range of industrial process applications in energy markets, including petroleum refining, defense, chemical and petrochemical processing, power generation/alternative energy and other.