Park-Ohio Holdings Corp. (NASDAQ:PKOH) 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 September 13, 2018, the board of directors of Park-Ohio Holdings Corp. (“Holdings”) elected Howard W. “Hoby” Hanna, IV as a member of the board in the class of directors that will stand for re-election at the Holdings' 2020 Annual Meeting of Shareholders. Mr. Hanna was also elected to the board of directors of the Holdings' principal operating subsidiary, Park-Ohio Industries, Inc. Mr. Hanna is the President of Howard Hanna Real Estate Services.

As a non-employee director, Mr. Hanna will receive compensation in the same manner as Holdings' other non-employee directors, which compensation was previously disclosed in its definitive proxy statement on Schedule 14A, filed with the Securities Exchange Commission on April 6, 2018, except that the annual retainer has been increased to $50,000.

About Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Park-Ohio Holdings Corp. operates through the subsidiaries owned by its direct subsidiary, Park-Ohio Industries, Inc. (Park-Ohio). Park-Ohio is an industrial supply chain logistics and diversified manufacturing business operating in three segments: Supply Technologies, Assembly Components and Engineered Products. Supply Technologies provides its customers with Total Supply Management services for a range of production components. Assembly Components manufactures cast and machined aluminum components, automotive and industrial rubber and thermoplastic products, gasoline direct injection systems, fuel filler and hydraulic assemblies for automotive, agricultural equipment, construction equipment, heavy-duty truck and marine equipment industries. Engineered Products operates a group of manufacturing businesses that design and manufacture a range of products engineered for specific customer applications.