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 Officers
Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 4, 2018, Spartan Motors, Inc. (the “Company”) announced that its Board of Directors has increased the size of the current Board to eight members and appointed Paul A. Mascarenas to the Board, effective June 1, 2018. Mr. Mascarenas will serve as a member of the Human Resources and Compensation Committee. Mr. Mascarenas’ career spanned 32 years at Ford Motor Company where from 2011 to 2014 he served as Chief Technical Officer and Vice President of Research and Advanced Engineering, and from 2007 to 2011 he served as Vice President, Global Engineering. Mr. Mascarenas currently serves on the boards of the United States Steel Corporation and ON Semiconductor Corporation, and serves as a Special Venture Partner with Fontinalis Partners LLP.

Mr. Mascarenas will be a nominee for reelection at the Company’s annual meeting of shareholders to be held in 2021. There are no arrangements or understandings between Mr. Mascarenas and any other person to which he was selected as a director, nor are there any transactions in which Mr. Mascarenas has an interest requiring disclosures under Item 404(a) of Regulation S-K. Mr. Mascarenas will receive the standard compensation arrangements for the Company’s non-employee directors, including an annual retainer and share-based compensation.

SPARTAN MOTORS INC Exhibit
EX-99.1 2 ex_115761.htm EXHIBIT 99.1 ex_115761.htm Exhibit 99.1       Spartan Motors Announces Addition of Paul Mascarenas to its Board of Directors Bringing Global Expertise in Advanced Technologies and Product Innovation     CHARLOTTE,…
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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.