UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): December 12, 2017
MANITEX INTERNATIONAL, INC.
(Exact Name of Registrant as Specified in Charter)
| Michigan | 001-32401 | 42-1628978 | ||
| (State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
9725 Industrial Drive, Bridgeview, Illinois 60455
(Address of Principal Executive Offices) (Zip Code)
(708) 430-7500
(Registrant’s Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)
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)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On December 12, 2017, Manitex International, Inc. (the “Company”), appointed Steve Kiefer as President and Chief Operating Officer of the Company, effective December 12, 2017.
Mr. Kiefer, 51, has served as President, North America of the Company since September 2017. He previously served as our Executive Vice President of Sales & Marketing from January 2016 to August 2017, and President of Manitex Sabre (one of our subsidiaries) during 2015. Prior to joining our company, Mr. Kiefer served as VP of Sales for Pettibone Heavy Equipment Group, a privately held group of heavy equipment companies, from September 2010 to April 2015. Mr. Kiefer additionally spent over 10 years at Hendrickson International, where he held numerous senior-level positions in new product development, program management, and sales & marketing. He was also president of Intellitec Products for three years, a manufacturer of electronic systems for the mobile vehicle and equipment sectors. He began his career at Eaton Corp, a public company, where he spent seven years in various new product development roles, playing a key role in the growth of the Eaton Supercharger Division. Mr. Kiefer has his Bachelor of Science in Mechanical Engineering from Valparaiso University, and his Master of Business Administration from Western Michigan University.
In connection with his appointment as President and Chief Operating Officer of the Company, Mr. Kiefer will receive an increase in base salary from $225,000 to $250,000 annually, effective January 1, 2018. The other terms and conditions of Mr. Kiefer’s existing employment arrangements with the Company will not change.
There are no arrangements or understandings required to be disclosed pursuant to Item 401(b) of Regulation S-K or family relationships required to be disclosed pursuant to Item 401(d) of Regulation S-K. Similarly, there are no transactions with related persons required to be disclosed pursuant to Item 404(a) of Regulation S-K involving Mr. Kiefer.
On December 13, 2017, the Company issued a press release announcing Mr. Kiefer’s appointment. A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit |
Description | |
| 99.1 | Press Release of the Company dated December 13, 2017. | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MANITEX INTERNATIONAL, INC. | ||
| By: | /s/ David J. Langevin | |
| Name: | David J. Langevin | |
| Title: | Chief Executive Officer | |
Date: December 13, 2017
Exhibit 99.1
Manitex International, Inc. Appoints Steve Kiefer as President and Chief Operating Officer
BRIDGEVIEW, Il., December 13, 2017 – Manitex International, Inc. (NASDAQ:MNTX), a leading international provider of cranes and specialized industrial equipment, today announced that Steve Kiefer has been named President and Chief Operating Officer of Manitex International, Inc.
Mr. Kiefer, who was promoted to President, North America in September 2017, has held key senior management roles with Manitex and affiliated companies since 2015, and brings with him more than 25 years of experience within the industrial equipment sector, from general management and operations, to sales and marketing, program management and new product development.
He began his career at Eaton Corp, a public company, where he spent seven years in various new product development roles, playing a key role in the growth of the Eaton Supercharger Division. He additionally spent over ten years at Hendrickson International, where he held numerous senior-level positions in new product development, program management, and sales & marketing. He was also president of Intellitec Products for three years, a manufacturer of electronic systems for the mobile vehicle and equipment sectors. Prior to joining Manitex-Sabre as president, he was, for five years, with the Pettibone Heavy Equipment Group, a privately held group of heavy equipment companies.
David Langevin, Chairman and Chief Executive Officer commented, “We are pleased to be announcing another promotion for Steve Kiefer, who continues to make significant contributions to our company’s development. Steve is uniquely qualified to help us execute our global strategic growth plans, with a focus on innovation, operational excellence, and execution. We look forward to continuing to leverage his knowledge of, and experience with, the industrial equipment industry for the benefit of all of our stakeholders as we move forward into 2018 and beyond, as we start to realize the benefits of strengthening demand for equipment.”
About Manitex International, Inc.
Manitex International, Inc. is a leading worldwide provider of highly engineered specialized equipment including boom trucks, cranes, and other related industrial equipment. Our products, which are manufactured in facilities located in the USA and Europe, are targeted to selected niche markets where their unique designs and engineering excellence fill the needs of our customers and provide a competitive advantage. We have consistently added to our portfolio of branded products and equipment both through internal development and focused acquisitions to diversify and expand our sales and profit base while remaining committed to our niche market strategy. Our brands include Manitex, PM, Badger, Sabre, and Valla. The company also has a minority ownership in ASV Holdings, Inc. (NASDAQ:ASV), which manufactures and sells a line of high quality compact track and skid steer loaders.
| Contact: | ||
| Manitex International, Inc. | Darrow Associates, Inc. | |
| David Langevin | Peter Seltzberg, Managing Director | |
| Chairman and Chief Executive Officer | Investor Relations | |
| (708) 237-2060 | (516) 419-9915 | |
| dlangevin@manitexinternational.com | pseltzberg@darrowir.com | |