National Presto Industries, Inc. (NYSE:NPK) 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 June 5, 2017, Spencer Ahneman informed the Company that, after
nearly 40 years with the Company, including most recently as Vice
President of Sales, to personal plans, he will resign his officer
position effective as of September 1, 2017. Mr. Ahneman will
continue in another role with the Company.
Item 8.01 Other Events
On June 5, 2017, the Company announced the election of Richard
Jeffers, 64, to Vice President of Sales, effective September 1,
2017. Mr. Jeffers began his career at Presto. He has almost
40-years of experience in the industry, has held executive sales
positions at Windmere, Applica, and Salton, and owned and
operated a successful manufacturers representative firm.
Currently, Mr. Jeffers serves as National Account Sales Manager
for the Company. He has been with the Company for a total of 14
(non-consecutive) years.
A press release regarding the resignation of Mr. Ahneman and the
election of Mr. Jeffers are attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | ||
| 99.1 | Press release dated June 5, 2017 |
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
| National Presto Industries, Inc. | ||
| (Registrant) | ||
| /s/ Maryjo Cohen | ||
| ( |
About National Presto Industries, Inc. (NYSE:NPK)
National Presto Industries, Inc. (National Presto) manufactures pressure cookers and canners, ammunition and private label adult incontinence products. The Company operates in three segments: Housewares/Small Appliance, which designs, markets and distributes housewares and small electrical appliances, including pressure cookers and canners, kitchen electrics, and comfort appliances; Defense, which manufactures approximately 40 millimeters ammunition, precision mechanical and electro-mechanical assemblies, medium caliber cartridge cases; performs Load, Assemble and Pack (LAP) operations on ordnance-related products; produces and sells a range of less lethal products and support accessories, and provides training for the use of less lethal products, and manufactures detonators, booster pellets, release cartridges, lead azide, and other military energetic devices and materials, and Absorbent Products, which manufactures and sells private label and branded adult incontinence products.