HILL INTERNATIONAL,INC. (NYSE:HIL) 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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HILL INTERNATIONAL,INC. (NYSE:HIL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

HILL INTERNATIONAL,INC. (NYSE:HIL) 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 August17, 2018, the Board of Directors (the “Board”) appointed Raouf S. Ghali as Chief Executive Officer of Hill International,Inc. (the “Company”), effective as of October1, 2018. In addition to his role as Chief Executive Officer, Mr.Ghali will continue to serve as a member of the Board.

Also on August17, 2018, the Board approved the termination of Mr.Ghali’s former Employment Agreement, and the Company and Mr.Ghali entered into a written termination agreement with respect to his former Employment Agreement. Further, the Board approved the following new compensation terms, also effective October1, 2018:

· Grant of $900,000 annually in shares of the Company’s common stock, 50% of which will be performance based (as determined by the Board) and 50% of which will be time vested; and

· Participation in the Company’s 2016 Executive Retention Plan, to which Mr.Ghali will be entitled to severance equal to two times his annual base salary under certain circumstances.

Following the appointment of Mr.Ghali as the Company’s CEO, Paul J. Evans, the Company’s Interim CEO, will continue to serve as a director on the Board.

On August20, 2018, the Company issued a press release regarding the appointment of Mr.Ghali as Chief Executive Officer, a copy of which is furnished as Exhibit99.1 to this Current Report on Form8-K.

Item 9.01. Other Events.

(d) Exhibits

99.1

Press Release of the Company, dated August20, 2018.


Hill International, Inc. Exhibit
EX-99.1 2 a18-18281_4ex99d1.htm EX-99.1 Exhibit 99.1     Hill International Names Raouf Ghali as the Company’s New Chief Executive Officer   August 20,…
To view the full exhibit click here

About HILL INTERNATIONAL,INC. (NYSE:HIL)

Hill International, Inc. (Hill) is a professional services firm. The Company provides program management, project management, construction management, construction claims and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets. The Company operates in two segments: Project Management Group and Construction Claims Group. The Project Management Group is engaged in providing fee-based or agency construction management services. The segment provides construction and project management services to construction owners across the world. The Construction Claims Group is engaged in advising clients in order to assist them in preventing or resolving claims and disputes based upon schedule delays, cost overruns and other problems on construction projects. The Company’s clients consist primarily of the United States and other national governments, state and local governments, and the private sector.