THERMON GROUP HOLDINGS, INC. (NYSE:THR) 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.
On June 7, 2018, Eric C. Reitler notified Thermon Group Holdings, Inc. (the "Company") that he intends to resign as the Company’s Senior Vice President, Global Sales for personal reasons and to spend more time with his family. The target effective date of his resignation is on or about August 31, 2018 (the "Resignation Date"); however, if requested by the Company, Mr. Reitler has agreed to remain employed by the Company until such date as a qualified successor has been identified and appointed. The Company has initiated a search to identify qualified successor candidates.
In addition, if requested by the Company, Mr. Reitler has agreed to make himself available in a consulting and/or advisory capacity for a period of time following the effective Resignation Date to assist in the transition of his responsibilities (the "Transition Period"). If the Company and Mr. Reitler agree to these transition services, the terms and conditions, including compensation, will be mutually agreed upon on or prior to the Resignation Date.
About THERMON GROUP HOLDINGS, INC. (NYSE:THR)
Thermon Group Holdings, Inc. is a provider of engineered thermal solutions for process industries. The Company operates through four segments based on four geographic countries or regions: United States, Canada, Europe and Asia. Its product portfolio includes self-regulating and power limiting heating cables, which change heat output as pipe temperature changes, as well as constant wattage heating cables; mineral insulated (MI) cable; skin effect trace heater; heat traced tube bundles for environmental gas sampling systems; heat transfer compounds and steam tracers for steam tracing solutions; control and monitoring systems for electric tracing of pipes, tanks, hoppers and instrument sampling systems; turnkey solutions that provide solutions for heat tracing, including design, optimization, installation and ongoing maintenance; products and services, such as heating, sensing, monitoring, controlling and calibration tools, and temporary electric power distribution and lighting products.