TENNANT COMPANY (NYSE:TNC) 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.
(b) As previously reported, Heidi M. Wilson, Senior Vice President, General Counsel and Secretary of the Company submitted her notice of retirement on January 5, 2017. Ms. Wilson had planned to retire from the Company on July14, 2017. The Company’s process to appoint a successor General Counsel is ongoing. As a result, Ms. Wilson has agreed to postpone her retirement and continue in her current position through November 1, 2017. Ms. Wilson will receive a one-time stay bonus payment in the amount of $70,000 to remain with the Company until November 1, 2017, or such earlier date as mutually agreed upon by Ms. Wilson and the Company, to be paid at the time of her retirement from the Company.
About TENNANT COMPANY (NYSE:TNC)
Tennant Company (Tennant) is engaged in designing, manufacturing and marketing cleaning solutions. The Company is organized into four operating segments: North America; Latin America; Europe, Middle East, Africa, and Asia Pacific. The Company offers products and solutions consisting of mechanized cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair service, specialty surface coatings, and business solutions, such as financing, rental and leasing programs, and machine-to-machine asset management solutions. Its other products include floor maintenance and outdoor cleaning equipment, and asset management solutions. Tennant products are used in various types of environments, including retail establishments, distribution centers, factories and warehouses, public venues, such as arenas and stadiums, office buildings, schools and universities, hospitals and clinics, and parking lots and streets.