0000061986-13-000024.txt : 20130709 0000061986-13-000024.hdr.sgml : 20130709 20130709140211 ACCESSION NUMBER: 0000061986-13-000024 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20130708 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130709 DATE AS OF CHANGE: 20130709 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MANITOWOC CO INC CENTRAL INDEX KEY: 0000061986 STANDARD INDUSTRIAL CLASSIFICATION: CONSTRUCTION MACHINERY & EQUIP [3531] IRS NUMBER: 390448110 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11978 FILM NUMBER: 13959309 BUSINESS ADDRESS: STREET 1: 2400 SOUTH 44TH STREET CITY: MANITOWOC STATE: WI ZIP: 54221-0066 BUSINESS PHONE: 9206522222 MAIL ADDRESS: STREET 1: 2400 SOUTH 44TH STREET CITY: MANITOWOC STATE: WI ZIP: 54221-0066 8-K 1 manitowoc-form8xkreroberth.htm 8-K Manitowoc-Form8-KreRobertHund-7813

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):   July 8, 2013
 
The Manitowoc Company, Inc.
(Exact name of registrant as specified in its charter)
 
Wisconsin
 
1-11978
 
39-0448110
(State or other jurisdiction
  of incorporation)
 
(Commission File
  Number)
 
(I.R.S. Employer
  Identification Number)


2400 S. 44th Street, Manitowoc, Wisconsin 54221-0066
(Address of principal executive offices including zip code)
 (920) 684-4410
(Registrant's telephone number, including area code)
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 (see General Instructions A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o 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.

On July 8, 2013, The Manitowoc Company, Inc. (the “Company”) announced that Robert M. Hund will assume the role of President of the Company’s Foodservice segment, effective August 1, 2013. Glen E. Tellock, the Company’s Chairman and Chief Executive Officer, has been leading the Foodservice segment on an interim basis since April 2013.

Mr. Hund, age 48, has served as Executive Vice President of the Company’s Crane Care division since 2009. Mr. Hund joined the Company in 2007 as Vice President, Worldwide Marketing and Product Management, of Manitowoc Cranes. Prior thereto, he served in key leadership positions during 18 years with Caterpillar, Inc., most recently as Product Development Manager, Mining and Construction Equipment Division. Mr. Hund earned a B.A. in Mechanical Engineering from Bradley University, an M.S. in Industrial Engineering from Purdue University and an M.B.A. from Millikin University.

Mr. Hund’s annual base salary as President of the Foodservice segment will increase to $400,000. As a result of this promotion, Mr. Hund’s target annual award under the Company’s Short-Term Incentive Plan (the “STIP”) will be 75% of his base salary. He will continue to be eligible for grants under the Company’s equity compensation plans. Mr. Hund remains an employee at will; however, the Company will enter into a Contingent Employment Agreement with him in connection with his promotion similar to the agreements it has with its other executive officers. The Company’s form of Contingent Employment Agreement was attached as Exhibit 10.3(b) to its Annual Report on Form 10-K for the fiscal year ended December 31, 2012. Mr. Hund will also be provided with other benefits customarily provided to executive officers, including a car allowance and reimbursement of financial planning fees and relocation expenses (including a lump sum payment of $12,000). For a description of the STIP, the form of Contingent Employment Agreement and the other benefits available to the Company’s executive officers, please see the Company’s definitive proxy statement for its 2013 Annual Meeting of Shareholders, which was filed with the Securities and Exchange Commission on March 22, 2013.

Mr. Hund is a current employee of the Company, but does not otherwise have any direct or indirect material interest in any transaction requiring disclosure under Item 404(a) of Regulation S-K.

A copy of the Company’s related press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01     Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.        Description

99.1
The Manitowoc Company, Inc. press release dated July 8, 2013.


2
 


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 thereunto duly authorized.
 
THE MANITOWOC COMPANY, INC.
 
(Registrant)
 
 
DATE:  July 9, 2013
/s/ Maurice D. Jones
 
Maurice D. Jones
 
Senior Vice President, General Counsel and
Secretary
 

3
 
EX-99.1 2 pr-mtwappointshund7813.htm EXHIBIT 99.1 PR-MTWAPPOINTSHUND7.8.13




NEWS RELEASE


The Manitowoc Company Appoints
Robert M. Hund President of Foodservice


MANITOWOC, Wis. – July 8, 2013 – The Manitowoc Company, Inc. (NYSE: MTW) today announced that Robert M. Hund will assume the role of President of Manitowoc’s Food-service segment, effective August 1. Mr. Hund will report to Glen E. Tellock, Chairman and Chief Executive Officer of the company.
    
Mr. Hund most recently served as an Executive Vice President of Manitowoc’s Crane Care division. In this role, he oversaw a global network of service and distribution centers for Manitowoc’s eight crane product lines across 19 countries. Prior to that position, Mr. Hund was Vice President, Worldwide Marketing and Product Management, of Manitowoc Cranes, managing a global staff responsible for new product development, marketing communications, and operational marketing functions.

Mr. Tellock commented, “Bob has been instrumental in helping to drive our recent financial success and operational improvements within the Crane segment. He brings demonstrated global leadership to the Manitowoc Foodservice organization, in addition to his broad-based business and managerial expertise. We are thrilled to welcome Bob to his new position, and we are confident that his contributions to the business will be a seamlessly transferrable and valuable asset within the Manitowoc enterprise.”

Prior to joining The Manitowoc Company, Mr. Hund served in key leadership positions in the United States, Europe, and Asia for Caterpillar, Inc., most recently as Product Development Manager, Mining and Construction Equipment Division. Mr. Hund holds a bachelor’s degree in Mechanical Engineering from Bradley University, in addition to an MS in Industrial Engineering from Purdue University and an MBA from Millikin University.
About The Manitowoc Company, Inc.
Founded in 1902, The Manitowoc Company, Inc. is a multi-industry, capital goods manufacturer with over 115 manufacturing, distribution, and service facilities in 26 countries. The company is recognized globally as one of the premier innovators and providers of crawler cranes, tower cranes, and mobile cranes for the heavy construction industry, which are complemented by a slate of industry-leading product support services. In addition, Manitowoc is one of the world's leading innovators and manufacturers of commercial foodservice equipment, which includes 24 market-leading brands of hot- and cold-focused equipment. In 2012, Manitowoc’s revenues totaled $3.9 billion, with more than half of these revenues generated outside of the United States.

For more information:
Carl J. Laurino
Senior Vice President and Chief Financial Officer
920-652-1720

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