meritor8kjune2014.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 9, 2014

MERITOR, INC.

(Exact name of registrant as specified in its charter)

Indiana		1-15983		38-3354643
(State or other jurisdiction of incorporation)		(Commission File No.)		(IRS Employer Identification No.)

2135 West Maple Road

Troy, Michigan

(Address of principal executive offices)

48084-7186

(Zip code)

Registrant’s telephone number, including area code: (248) 435-1000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Effective June 9, 2014, Meritor, Inc. (the “Company”) appointed Jeffrey A. Craig, age 54, as the Company’s President and Chief Operating Officer. Mr. Craig previously served as the Company’s Senior Vice President and President of Commercial Truck & Industrial since February 2013. Mr. Craig has held various positions within the Company since May 2006, including: Senior Vice President and Chief Financial Officer from January 2009 to January 2013; Acting Controller from May 2008 to January 2009; Senior Vice President and Controller from July 2007 to May 2008; and Vice President and Controller from May 2006 to July 2007.

The Company’s press release announcing Mr. Craig’s appointment is attached hereto as Exhibit 99 and is incorporated herein by reference.

There are no relationships or arrangements regarding Mr. Craig that are required to be disclosed pursuant to Item 401(b), 401(d) or 404(a) of Regulation S-K.

In consideration of his increased responsibilities, effective June 9, 2014, Mr. Craig’s annual base salary increased to $650,000 and his target bonus award for fiscal year 2014 under the Company’s Incentive Compensation Plan increased to 85% of his annual base salary. In addition, Mr. Craig’s long-term incentive target for the three-year performance period of fiscal 2015 to 2017 established pursuant to the Company’s 2010 Long-Term Incentive Plan, as amended, shall be $1.8 million.

In connection with Mr. Craig’s appointment as President and Chief Operating Officer, Ivor J. Evans’s title became Chairman and Chief Executive Officer.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit 99 – Press Release of Meritor, Inc., dated June 10, 2014

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

MERITOR, INC.
(Registrant)



By:	/s/ Sandra J. Quick	June 10, 2014
	Name: Sandra J. Quick	(Date)
	Title: Senior Vice President, General Counsel
	and Corporate Secretary

EXHIBIT INDEX

Exhibit

Number Description

99	Press Release of Meritor, Inc., dated June 10, 2014

krista.sohm@meritor.com

carl.anderson@meritor.com

Meritor Appoints Jay Craig President and Chief Operating Officer

TROY, Mich. (June 10, 2014) — Meritor, Inc. (NYSE: MTOR) today announced the appointment of Jay Craig as president and chief operating officer (COO), effective June 9, 2014. Craig will continue to report directly to Ike Evans, chairman and CEO.

“In Jay’s new role, he’ll have responsibility for both of our business segments – Commercial Truck & Industrial and Aftermarket & Trailer – while helping lead the company toward the successful execution of our strategic M2016 initiatives,” Evans said. “Jay and I have worked closely together over the past year and share a common vision for the company’s future. His commercial experience, in addition to his extensive financial background, makes him the ideal candidate for this position.”

Previously, Craig was senior vice president and president of Meritor’s Commercial Truck & Industrial segment. He served as senior vice president and chief financial officer at Meritor from 2009 to 2013 and has held various positions at the company since 2006. Before joining Meritor, he was president and CEO of General Motors Acceptance Corp.’s (GMAC) Commercial Finance organization from 2001 to 2006, and president and CEO of GMAC’s Business Credit division until 2001. He joined GMAC in 1997 from Deloitte & Touche where he served as an audit partner.

Craig holds a Bachelor of Science degree in accounting from Michigan State University and a Master of Business Administration from Duke University in Durham, North Carolina.

Meritor, Inc. is a leading global supplier of drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets. With more than a 100-year legacy of providing innovative products that offer superior performance, efficiency and reliability, the company serves commercial truck, trailer, off-highway, defense, specialty and aftermarket customers around the world. Meritor is based in Troy, Mich., United States, and is made up of more than 9,000 diverse employees who apply their knowledge and skills in manufacturing facilities, engineering centers, joint ventures, distribution centers and global offices in 18 countries. Common stock is traded on the New York Stock Exchange under the ticker symbol MTOR. For important information, visit the company's website at meritor.com.