TEREX CORPORATION (NYSE:TEX) 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) On August 14, 2017, Terex announced that Andra Rush has been appointed to the Board of Directors (the “Board”) of Terex. Her appointment is effective August 14, 2017. Ms. Rush is President and CEO of Dakkota Integrated Systems and Detroit Manufacturing Systems, as well as Chairwoman and CEO of Rush Trucking. The Rush Group family of companies are almost two billion dollars in revenues in interior components manufacturing, integrated interior and exterior systems assembly, as well as supply chain management, logistics and freight distribution. Rush owned enterprises together represent one of the largest Native American minority-owned businesses in the United States. Ms. Rush is also currently a member of the Ford Motor Company Supplier Council, and previously served on the supplier advisory boards for General Motors and Chrysler. Ms. Rush will receive the standard compensation provided to all Terex non-employee directors as described under the heading “Director Compensation” in the Company’s Definitive Proxy Statement filed with the Securities and Exchange Commission on March 31, 2017. Terex non-employee directors generally serve on at least one committee of the Board, and it is currently expected that Ms. Rush will also serve on committees of the Board.
A copy of the Company’s press release, dated August 14, 2017, announcing the appointment of Ms. Rush to the Board is attached hereto as Exhibit 99.1 and is hereby incorporated by reference into this Item 5.02.
Item 5.02. Financial Statements and Exhibits.
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(d) Exhibits |
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99.1 |
Press release of Terex Corporation issued on August 14, 2017, announcing appointment of Andra Rush to the Terex Board. |
TEREX CORP ExhibitEX-99.1 2 f8k08142017exhibitpressrel.htm EXHIBIT 99.1 PRESS RELEASE ISSUED 08 14 2017 Exhibit News ReleaseFOR IMMEDIATE RELEASEANDRA RUSH JOINS TEREX CORPORATION BOARD OF DIRECTORSWESTPORT,…To view the full exhibit click here
About TEREX CORPORATION (NYSE:TEX)
Terex Corporation is a manufacturer of lifting and material processing products and services that deliver lifecycle solutions. The Company has three business segments: Aerial Work Platforms (AWP), Cranes and Materials Processing (MP). It delivers lifecycle solutions to a range of industries, including the construction, infrastructure, manufacturing, shipping, utility, quarrying and mining industries. The AWP segment designs, manufactures, services and markets aerial work platform equipment, telehandlers and light towers. The AWP segment’s products are used by its customers to construct and maintain industrial, commercial and residential buildings and facilities, and for other commercial operations, as well as in a range of infrastructure projects. The Cranes segment’s products are used by its customers for construction and manufacturing facilities, among others. The MP segment’s products are used by its customers in construction, infrastructure and recycling projects.