MSA SAFETY INCORPORATED (NYSE:MSA) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) CEO Retirement
On December 13, 2017, William M. Lambert, the Chairman and Chief Executive Officer of MSA Safety Incorporated, notified the Company that he intends to retire as Chief Executive Officer in May 2018 but will continue as a director of the Company. The Company’s press release announcing Mr. Lambert’s retirement is filed as an exhibit to this report.
(d) Election of Director
On December 13, 2017 the Board of Directors of MSA Safety Incorporated elected Nishan J. Vartanian to the Company’s Board of Directors. His election is part of a planned management succession and coincides with Mr. Lambert’s announcement of his intention to retire as Chief Executive Officer in May 2018. The Company’s press release announcing the election is filed as an exhibit to this report.
Mr. Vartanian is not expected to join the Audit, Compensation or Nominating and Corporate Governance Committees of the Board. Mr. Vartanian will not receive any additional compensation for his services on the Board beyond his compensation as an employee of the Company. His employment compensation is set forth in the “Executive Compensation“ section of the most recent Proxy Statement dated April 7, 2017, as supplemented by the Company’s June 22, 2017 current report on Form 8-K/A, both of which are incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The following exhibit is being furnished as part of this Report.
Exhibit No. Description
99.1 Press Release dated December 14, 2017
MSA Safety Inc ExhibitEX-99.1 2 msaannouncesmanagmentsucce.htm EXHIBIT 99.1 Exhibit Exhibit 99.1FROM: MSA (MSA Safety Incorporated) Ticker: MSA (NYSE)Media Contact: Mark Deasy – (724) 741-8570Investor Relations Contact: Kenneth Krause – (724) 741-8534MSA Board Announces William Lambert Planned Management Succession and Elects Nishan Vartanian a DirectorPITTSBURGH,…To view the full exhibit click here
