HWK » Topics » CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

This excerpt taken from the HWK DEF 14A filed Apr 17, 2009.

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS


Carl J. Harbert, the son of Norman C. Harbert, one of our directors, is employed by one of our subsidiaries as our director of global marketing.  His compensation from Hawk last year totaled $176,133. Carl Harbert does not have an employment agreement with Hawk and is an “employee-at-will.”  We believe his compensation is comparable to compensation for positions in the industry with similar job responsibilities in companies of similar size.


Byron S. Krantz, a partner of Kohrman Jackson & Krantz P.L.L., our legal counsel, is one of our stockholders and directors and is also our secretary. Marc C. Krantz, a son of Byron Krantz and the managing partner of Kohrman Jackson & Krantz, is our assistant secretary and a stockholder.  



43





We paid legal fees to Kohrman Jackson & Krantz in 2008 of $1,260,003 for services in connection with a variety of legal matters.


We believe that the terms of the transactions and the agreements described above are on terms at least as favorable as those which we could have obtained from unrelated parties.  Our board of directors requires that on-going and future transactions with related parties will be:


·

on terms at least as favorable as those that we would be able to obtain from unrelated parties,

·

for bona fide business purposes, and

·

reviewed and approved by the audit committee or other independent committee of our board of directors.


Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki