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Precision Castparts 8-K 2008

Documents found in this filing:

  1. 8-K
  2. Ex-10.1
  3. Ex-10.1
Current Report on Form 8-K





Washington, D.C. 20549



Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

July 25, 2008

Date of Report (date of earliest event reported)


(Exact name of registrant as specified in its charter)


Oregon   1-10348   93-0460598
(State or other jurisdiction of
  (Commission File Number)   (I.R.S. Employer Identification No.)

4650 S.W. Macadam Avenue

Suite 400

Portland, Oregon 97239-4254

(Address of principal executive offices)

(503) 417-4800

(Registrant’s telephone number, including area code)

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):


¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))




Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) Effective July 25, 2008, Christopher L. Ayers resigned as the Executive Vice President and President—Forged Products Group of Precision Castparts Corp. (the “Company”).

(e) On July 29, 2008, the Company entered into an agreement with Mr. Ayers relating to his separation from the Company. The Company has agreed to continue Mr. Ayers’ employment through December 31, 2008 and pay him his current salary and provide specified benefits during that period so long as his employment continues. Mr. Ayers has agreed that he will not provide services to specified businesses for the period stated in the agreement. The agreement is filed as Exhibit 10.1 hereto.


Item 9.01. Financial Statements and Exhibits.

(d) Exhibits


10.1    Separation Agreement with Chris Ayers, dated July 29, 2008




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.


Date: July 30, 2008     By:   /s/ William D. Larsson
      Name:   William D. Larsson
      Title:   Senior Vice President and
        Chief Financial Officer
        (Principal Financial and
        Accounting Officer)





Exhibit No.



Exhibit 10.1    Separation Agreement with Chris Ayers, dated July 29, 2008.



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