SPARTAN MOTORS, INC. (NASDAQ:SPAR) 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.
(d) Appointment of Director
On April 10, 2018, Spartan Motors, Inc. (the “Company”) announced that its Board of Directors has increased the size of the current Board to nine members and appointed Thomas R. Clevinger to the Board, effective April 6, 2018. Mr. Clevinger will serve as a member of the Audit Committee. Since 2016 Mr. Clevinger has served as CEO and Managing Partner of Cornerstone Growth Advisors, LLC, a consulting firm that focuses on strategic growth initiative advisory services. From 2010 to 2016, Mr. Clevinger served as Senior Vice President/Managing Director – Global at Navistar, Inc., where he oversaw global sales and distribution operations for parts and service support.
Mr. Clevinger will be a nominee for reelection at the Company’s annual meeting of shareholders to be held on May 23, 2018. There are no arrangements or understandings between Mr. Clevinger and any other person to which he was selected as a director, nor are there any transactions in which Mr. Clevinger has an interest requiring disclosures under Item 404(a) of Regulation S-K. Mr. Clevinger will receive the standard compensation arrangements for the Company’s non-employee directors, including an annual retainer and share-based compensation.
| Item 9.01 | Financial Statements and Exhibits |
| (d) | Exhibits |
SPARTAN MOTORS INC ExhibitEX-99.1 2 ex_110020.htm EXHIBIT 99.1 ex_110020.htm Exhibit 99.1 Spartan Motors Announces Addition of Thomas Clevinger to its Board of Directors Bringing Deep Domain Expertise in Aftermarket Parts and Service as Incumbent Directors Richard Current and James Orchard Retire CHARLOTTE,…To view the full exhibit click here
About SPARTAN MOTORS, INC. (NASDAQ:SPAR)
Spartan Motors, Inc. is an engineer and manufacturer in the heavy-duty, custom vehicles marketplace. The Company operates through three segments: Emergency Response Vehicles, Delivery and Service Vehicles, and Specialty Chassis and Vehicles. The Company’s Emergency Response Vehicles segment engineers and manufactures emergency response chassis, emergency response bodies and aerial equipment. The Delivery and Service Vehicles segment manufactures delivery and service vehicles through the Company’s subsidiary, Utilimaster Corporation (Utilimaster). The Company’s Specialty Chassis and Vehicles segment consists of the operations of Spartan Motors Chassis, Inc. (Spartan Chassis) that engineer and manufacture motor home chassis, defense vehicles and other specialty chassis, and distribute related aftermarket parts and assemblies. The Company markets its products under brands, such as Spartan ERV, Aeromaster, Trademaster, Metromaster and Utilivan.
