|
Briggs & Stratton 8-K 2009
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 30, 2009
BRIGGS & STRATTON CORPORATION (Exact name of registrant as specified in its charter)
Registrants telephone number, including area code (414) 259-5333
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 Instruction A.2 below):
BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES
On July 30, 2009, Briggs & Stratton Corporation announced that John S. Shiely plans to retire as Chief Executive Officer effective December 31, 2009. It is expected that the Board of Directors will appoint Todd J. Teske, currently President and Chief Operating Officer, as President and Chief Executive Officer effective January 1, 2010. Provided Mr. Shiely is re-elected as a director at the 2009 annual meeting of shareholders currently scheduled for October 21, 2009, Mr. Shiely intends to continue to serve as a director and Chairman of the Board until the 2010 annual meeting of shareholders. It is also expected that the Board of Directors will elect Mr. Teske as a director prior to Mr. Shielys retirement. Mr. Teske, age 44, has served as President and Chief Operating Officer since September 1, 2008. Mr. Teske is also President of Briggs & Stratton Power Products Group, LLC. He previously served as Executive Vice President and Chief Operating Officer since September 2005, and as Senior Vice President and President Briggs & Stratton Power Products Group, LLC from September 2003 until August 2005. Information as to Mr. Teskes and Mr. Shielys historical compensation and the terms of their employment with the Company is included under the captions Compensation Discussion and Analysis, Compensation Tables and Agreements with Executives in the proxy statement dated September 10, 2008 related to the Companys 2008 annual meeting of shareholders. The Company expects to enter into a retirement agreement with Mr. Shiely in connection with his retirement. A copy of the press release announcing the planned retirement of Mr. Shiely as Chief Executive Officer and related matters is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
(d) Exhibits
BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES
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.
BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES
EXHIBIT INDEX
|