Hickok Incorporated (OTCMKTS:HICKA) 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 March 13, 2019, the Board of Directors of Hickok Incorporated (the “Company”) appointed Luis E. Jimenez, age 49, to the Company’s Board of Directors (the “Board”). Mr.Jimenez’s term will expire at the Company’s 2019 Annual Meeting of Shareholders, at which time he will stand for re-election to the Board by the Company’s shareholders. Committee assignments for Mr. Jimenez have not been determined as of the filing of this Form 8-K.
Mr. Jimenez is the Co-Founder and Managing Member of Madison Sixty LLC, a private consulting and advisory firm that specializes in identifying and sourcing opportunistic investments for an institutional and high-net-worth client base. Prior to launching Madison Sixty, hewas a principal at OpenArc, a boutique asset management firm, serving the needs of ultra-high-net-worth family clients globally and Director for Sciens Capital Management, charged with leading their customized and opportunistic investment mandates. Mr. Jimenezalso served as Portfolio Manager at Fairfield Heathcliff Capital and Co-Head of the customized portfolio solution team and member of the portfolio advisory team. Hestarted his career at Citigroup where he transitioned through numerous positions, including Senior Analyst and Portfolio Manager of Global Hedge Strategies, where he oversaw a joint venture between Citigroup Global Wealth Management and Pacific Alternative Asset Company and Senior Analyst of Customer Capital Partners, formerly Winter Capital, a firm acquired by Citigroup.
Mr.Jimenez’s compensation for his service as a director will be consistent with that of the Company’s other directors who are not employees of the Company, as described in the Company’s Definitive Proxy Statement filed with the Securities and Exchange Commission on January 29, 2018 under the caption “Director Compensation Program,” which portion of such proxy statement is incorporated herein by reference. There are no arrangements or understandings between Mr.Jimenez and any other persons to which Mr.Jimenez was selected as a director. There have been no transactions involving the Company or any of its subsidiaries in which Mr. Jimenez has or will have a direct or indirect material interest that are required to be disclosed by Item404(a) of Regulation S-K.
About Hickok Incorporated (OTCMKTS:HICKA)
Hickok Incorporated develops and manufactures diagnostic equipment used by technicians to test the various electronic systems in automobiles and trucks, and emissions testing equipment specified by various states for testing vehicle emissions. It operates in two segments: indicators and gauges, and automotive diagnostic tools and equipment. Under the Indicators and Gauges segment, the Company develops and manufactures precision indicating instruments used in aircraft, locomotives and other applications. Its Automotive Diagnostic Tools and Equipment segment consists of products designed and manufactured to support the testing or servicing of automotive systems using electronic means to measure vehicle parameters. The Company offers products under various categories, such as brakes/Antilock Braking System (ABS), circuit testers, cooling system, diesel/heavy duty, emissions, engine/drivability, New Generation Star (NGS) products and test/jumper leads.
