STANDARD MOTOR PRODUCTS, INC. (NYSE:SMP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 24, 2019, Standard Motor Products, Inc. (the “Company”) issued a press release announcing its appointment of James J. Burke, 63, as Chief Operating Officer of the Company. Mr. Burke will also continue to serve as Chief Financial Officer.
Mr. Burke has served as our Chief Financial Officer since 1999. Prior to his appointment as our Chief Operating Officer, Mr. Burke served as our Executive Vice President Finance from 2016 to January 2019, our Vice President Finance from 1999 to 2016, our Director of Finance and Chief Accounting Officer from 1998 to 1999, and our Corporate Controller from 1993 to 1997. Mr. Burke has completed an Executive Education program at Ross School of Business, University of Michigan, and holds an MBA from University of New Haven, and a BBA from Pace University. He has 40 years’ experience in the automotive aftermarket.
Mr. Burke will serve as Chief Operating Officer and Chief Financial Officer on an annual basis. Mr. Burke’s compensation will remain the same in connection with his appointment as Chief Operating Officer. However, the Compensation and Management Development Committee of the Board of Directors will review the compensation paid to Mr. Burke during its annual review of the compensation paid to all executive officers of the Company.
There are no transactions that are required to be disclosed to Item 404(a) of Regulation S-K in connection with Mr. Burke’s appointment as Chief Operating Officer of the Company. Mr. Burke was not selected for the appointment disclosed in this Item 5.02 to any arrangement or understanding that he had with any other person.
A copy of such press release is furnished as Exhibit 99.1 hereto.
|Item 9.01.|| |
Financial Statements and Exhibits.
Press release dated January 24, 2019 announcing the appointment of Mr. Burke as Chief Operating Officer of Standard Motor Products, Inc.
STANDARD MOTOR PRODUCTS, INC. Exhibit
EX-99.1 2 ex99_1.htm EXHIBIT 99.1 Exhibit 99.1 For Immediate Release For more information,…
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About STANDARD MOTOR PRODUCTS, INC. (NYSE:SMP)
Standard Motor Products, Inc. is a manufacturer and distributor of replacement parts for motor vehicles in the automotive aftermarket industry with a focus on heavy duty, industrial equipment and the original equipment service market. The Company operates through two segments: Engine Management Segment and Temperature Control Segment. The Engine Management Segment manufactures and remanufactures ignition and emission parts, ignition wires, battery cables, fuel system parts and sensors for vehicle systems. The Temperature Control Segment manufactures and remanufactures air conditioning compressors, air conditioning and heating parts, engine cooling system parts, power window accessories and windshield washer system parts. The Company sells its products to warehouse distributors, large retail chains, original equipment manufacturers and original equipment service part operations in the United States, Canada, Latin America and Europe.