RAVEN INDUSTRIES, INC. (NASDAQ:RAVN) 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; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On December 4, 2017, the Raven Industries Inc. (the "Company") announced that Richard W. Parod has joined the Board of Directors of the Company. The appointment is effective immediately. The Board appointed Mr. Parod to serve on its Personnel & Compensation Committee and Governance Committee. Mr. Parod will receive compensation for his Board service consistent with the compensation received by Raven’s other non-employee directors, as disclosed in the Raven Industries Schedule 14A, Definitive Proxy Statement filed on April 19, 2017, and the annual cash retainer will be pro-rated from the commencement of his service on the Board to the date of the 2018 annual shareholders meeting.
Mr. Parod served as President and Chief Executive Officer of Lindsay Corporation, and a Director of Lindsay since April 2000. Prior to joining the Company, Mr. Parod served as the Vice President and General Manager of Toro Irrigation, a division of The Toro Company, from 1997 to March 2000. From 1993 to 1997, he was an executive officer of James Hardie Irrigation, serving as President of that company from 1994 to 1997.
A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
Press Release Dated December 5, 2017
RAVEN INDUSTRIES INC ExhibitEX-99.1 2 exh991pressrelease.htm EXHIBIT 99.1 Exhibit Exhibit 99.1RAVEN INDUSTRIES,…To view the full exhibit click
About RAVEN INDUSTRIES, INC. (NASDAQ:RAVN)
Raven Industries, Inc. is a diversified technology company providing a range of products to customers within the industrial, agricultural, energy, construction and defense markets. The Company operates through three segments: Applied Technology Division (Applied Technology), Engineered Films Division (Engineered Films) and Aerostar Division (Aerostar). The Applied Technology segment designs, manufactures, sells and services precision agriculture products and information management tools for growers. The Engineered Films segment produces plastic films and sheeting for energy, agricultural, construction, geomembrane and industrial applications. The Aerostar segment designs and manufactures products, including balloons, tethered aerostats and radar processing systems. It conducts business through its subsidiaries, including Aerostar International, Inc. (Aerostar), Vista Research, Inc. (Vista), Raven International Holding Company BV (Raven Holdings) and Raven Industries Canada, Inc.