Baldor Electric Company 8-K 2010
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) August 2, 2010
Baldor Electric Company
Exact name of registrant as specified in its charter
Registrants telephone number, including area code 479-646-4711
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:
On August 2, 2010, the Board of Directors of Baldor Electric Company (the Company) announced that John A. McFarland plans to step down from his role as the Companys Chief Executive Officer on December 31, 2010. He will remain active as Executive Chairman and retain his position as Chairman of the Executive Committee.
The Board of Directors has promoted Ronald E. Tucker, 53, to Chief Executive Officer effective January 1, 2011. Mr. Tucker will retain the title of President. He has been with the Company for more than 24 years, and has held many management positions with the Company including President since 2005, Chief Operating Officer since February 2007, Chief Financial Officer from 2000 2007; Secretary from 2002 2008, and Treasurer from 2000 2002. He has also served as a member of the Board of Directors since 2007.
On August 2, 2010, the Company issued a press release announcing the changes in management described above. A copy of the press release is attached as Exhibit 99.1 hereto, and is being furnished, not filed, for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.
(d) See Index of Exhibits
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.
BALDOR ELECTRIC COMPANY
INDEX OF EXHIBITS