Joy Global 8-K 2012
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Amendment No. 1
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): December 10, 2012
Joy Global Inc.
(Exact name of Registrant as Specified in Its Charter)
100 E. Wisconsin Avenue, Suite 2780
Milwaukee, WI 53202
(Address of Principal Executive Offices)
Registrant’s telephone number, including area code:
(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:
As previously reported in the Form 8-K filed by Joy Global Inc. (the “Company”) on October 26, 2012, Eric A. Nielsen resigned as the Company’s Executive Vice President – Corporate Development effective October 22, 2012. Mr. Nielsen completed his formal separation from the Company on December 14, 2012. In connection with his separation, the Company and Mr. Nielsen entered into a Settlement, Waiver and Release Agreement (the “Agreement”) on December 10, 2012. Under the terms of the Agreement, Mr. Nielsen received his bi-weekly base salary of $17,884.62 between October 22, 2012 and December 14, 2012, and will continue to receive his bi-weekly base salary in an aggregate amount of $465,000 between December 14, 2012 and December 13, 2013. The Agreement also provides that Mr. Nielsen will be eligible to receive an annual bonus for the Company’s 2012 fiscal year, if payable. In addition, Mr. Nielsen will receive a $10,000 lump sum payment in lieu of executive outplacement services and will have continued use of a Company automobile through June 14, 2013.
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.