0001193125-12-308977.txt : 20120720 0001193125-12-308977.hdr.sgml : 20120720 20120720163146 ACCESSION NUMBER: 0001193125-12-308977 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20120718 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: 20120720 DATE AS OF CHANGE: 20120720 FILER: COMPANY DATA: COMPANY CONFORMED NAME: THOR INDUSTRIES INC CENTRAL INDEX KEY: 0000730263 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR HOMES [3716] IRS NUMBER: 930768752 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09235 FILM NUMBER: 12972595 BUSINESS ADDRESS: STREET 1: 419 W PIKE ST CITY: JACKSON CENTER STATE: OH ZIP: 45334 BUSINESS PHONE: 9375966849 MAIL ADDRESS: STREET 1: 419 W PIKE STREET CITY: JACKSON CENTER STATE: OH ZIP: 45334 8-K 1 d382763d8k.htm 8-K 8-K

 

 

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 18, 2012

 

 

Thor Industries, Inc.

(Exact Name of Registrant as Specified in Charter)

 

 

 

Delaware   1-9235   93-0768752

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

419 West Pike Street,

Jackson Center, Ohio

  45334-0629
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (937) 596-6849

N/A

(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))

 

 

 


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

On July 18, 2012, Thor Industries, Inc. (the “Company”) issued a press release announcing that Mr. Robert W. (Bob) Martin has been appointed to the office of President and Chief Operating Officer of the Company effective as of August 1, 2012. Mr. Martin, age 42, has served as Recreation Vehicle Group President of the Company since February 1, 2012 and served as President of Keystone RV Company, the Company’s largest subsidiary (“Keystone”), from January 2010 to January 2012. Prior to that, he served as Executive Vice President and Chief Operating Officer of Keystone, from January 2007 to January 2010. Peter Orthwein, currently serving as Chairman, President and Chief Executive Officer of the Company, will continue serving as Chairman and Chief Executive Officer of the Company effective upon Mr. Martin’s promotion.

In connection with Mr. Martin’s promotion, the Compensation and Development Committee of the Company’s Board of Directors set the compensation for Mr. Martin effective as of August 1, 2012. Mr. Martin will be eligible to receive: (i) an annual base salary of $750,000, (ii) a cash performance-based incentive award under the Company’s 2010 Equity and Incentive Plan (the “Plan”), payable on a quarterly basis with respect to each quarter of fiscal 2013, equal to 1.75% of the pre-tax profits of the Company (excluding any impairment charges) for each such quarter and (iii) a performance-based incentive award under the Plan, payable in restricted stock of the Company following the end of the Company’s 2013 fiscal year, equal to 0.5% of the pre-tax profits of the Company (excluding any impairment charges) for fiscal 2013. The restricted stock will vest in three equal installments on each of the first, second and third anniversaries of the date of issuance of such stock.

There is no arrangement or understanding between Mr. Martin and any other person pursuant to which he was or is to be selected as an officer. Mr. Martin has no family relationships with any of the directors or executive officers of the Company. Since the beginning of the Company’s last fiscal year, Mr. Martin has had no direct or indirect material interest in any transaction (excluding employment) or any proposed transaction involving the Company with a value in excess of $120,000.

A copy of the Company’s press release announcing the appointment of Mr. Martin is attached as Exhibit 99.1 hereto and incorporated herein by reference.

 

Item 9.01. Financial Statements and Exhibits.

 

  (d) Exhibits

 

Exhibit
Number

  

Description

99.1    Copy of press release, dated July 18, 2012, issued by the Company


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.

 

    Thor Industries, Inc.
Date: July 20, 2012     By:  

/s/ George J. Lawrence

    Name:   George J. Lawrence
    Title:  

Senior Vice President, General Counsel and

Corporate Secretary


EXHIBIT INDEX

 

Exhibit
Number

  

Description

99.1    Copy of press release, dated July 18, 2012, issued by the Company
EX-99.1 2 d382763dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

LOGO

419 WEST PIKE STREET • P.O. BOX 629 • JACKSON CENTER, OHIO 45334-0629

PHONE 937-596-6849 • FAX 937-596-7937

NEWS RELEASE

 

Date:    July 18, 2012
Contact:    Richard E. Riegel, III or Peter B. Orthwein

THOR NAMES MARTIN PRESIDENT, CHIEF OPERATING OFFICER

Thor Industries, Inc. (NYSE: THO) announced today that Bob Martin will become its President and Chief Operating Officer effective August 1, 2012. Mr. Martin currently serves as RV Senior Group President. As Chief Operating Officer, all of the RV company Presidents will continue reporting to him, as well as Andrew Imanse, Bus Group President and Ken Julian, Vice President of Human Resources. Mr. Martin will continue to report to Peter Orthwein, Thor’s Chairman and CEO.

Mr. Martin, an 18-year industry executive and Elkhart native, served as President of Keystone RV, Thor’s largest subsidiary, prior to becoming RV Senior Group President.

“Bob has had an outstanding record of success in every responsibility he has assumed, and I am certain he will be successful in his new role.” said Peter Orthwein.

Thor is the world’s largest manufacturer of recreation vehicles and a major builder of commercial buses.

This release includes certain statements that are “forward looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 as amended. These forward looking statements involve uncertainties and risks. There can be no assurance that actual results will not differ from our expectations. Factors which could cause materially different results include, among others, fuel prices, lower consumer confidence and the level of discretionary consumer spending, interest rate increases, restrictive lending practices, increased material and component costs, recent management changes, the success of new product introductions, the pace of acquisitions, cost structure improvements, competition and general economic conditions and the other risks and uncertainties discussed more fully in Item 1A of our Annual Report on Form 10-K for the year ended July 31, 2011 and Part II, Item 1A of our Quarterly Report on Form 10-Q for the period ended April 30, 2012. We disclaim any obligation or undertaking to disseminate any updates or revisions to any forward looking statements contained in this release or to reflect any change in our expectations after the date of this release or any change in events, conditions or circumstances on which any statement is based excent as required by law.

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