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.
(b) Departure of Certain Officers
On June 14, 2018, Spartan Motors, Inc. (the “Company”) announced that Frederick J. Sohm, its Chief Financial Officer, was taking a temporary medical leave of absence and that Matthew W. Long would be assuming the role of Interim Chief Financial Officer and Treasurer during Mr. Sohm’s absence.
On December 11, 2018, the Company’s Board of Directors reappointed Mr. Sohm as the Company’s Chief Financial Officer, effective January 1, 2019. Mr. Long’s role as Interim Chief Financial Officer and Treasurer will end effective December 31, 2018.
(c)Appointment of Certain Officers
The information disclosed in Item 5.02(b) above is incorporated here by reference. Mr. Sohm, age 49, joined the Company as its Chief Financial Officer on September 28, 2015. Certain additional background and other information regarding Mr. Sohm is disclosed in the Company’s proxy statement filed with the SEC on April 12, 2018. Mr. Sohm’s compensation and benefits, which continued during his temporary leave of absence, have not changed from the compensation and benefits disclosed in such proxy statement. There were no arrangements or understandings between Mr. Sohm and any other person to which he was selected as an officer of the Company. Mr. Sohm is not related to any executive officer or director of the Company.
There have been no transactions since January 1, 2017, nor are there any currently proposed transactions, to which the Company or any of its subsidiaries was or is to be a party, in which the amount involved exceeds $120,000 and in which Mr. Sohm had, or will have, a direct or indirect material interest that is required to be disclosed to Item 404(a) of Securities and Exchange Commission Regulation S-K.
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.
