Ducommun 8-K 2012
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) June 4, 2012
(Exact name of registrant as specified in its charter)
Registrants telephone number, including area code (310) 513-7200
(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:
(c) On June 4, 2012, Joel H. Benkie was elected executive vice president and chief operating officer of Ducommun Incorporated (the Company), effective on the first day of his employment by the Company (which is currently anticipated to be June 18, 2012). From 2008 to 2012, Mr. Benkie was the group vice president of operations at Parker Aerospace, a unit of Parker Hannifin Corporation. From 1995 to 2008, Mr. Benkie served in a number of group vice president and general manager roles at Parker Hannifin. Mr. Benkie is 56 years of age.
The Company and Mr. Benkie have entered into an employment letter agreement in the form attached hereto as Exhibit 99.1 (the Letter Agreement). Under the Letter Agreement, Mr. Benkie will receive an annual base salary of $400,000, will be eligible to participate in the Companys annual bonus plan, will be granted a stock option for 20,000 shares and restricted stock units for 8,000 shares, will be eligible to participate in the Companys stock incentive programs, and will receive usual Company-provided benefits.
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.