Current Report Filing (8-k)
February 14 2020 - 5:35PM
Edgar (US Regulatory)
falseSENSIENT TECHNOLOGIES CORPWI001-07626777 EAST WISCONSIN AVENUEMILWAUKEEWI000031014200003101422020-02-132020-02-13
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
February 13, 2020
(Date of Report/Date of earliest event reported)
SENSIENT TECHNOLOGIES CORPORATION
(Exact name of registrant as specified in its charter)
777 East Wisconsin Avenue
Milwaukee, Wisconsin 53202-5304
(Address and zip code of principal executive offices)
(414) 271-6755
(Registrant’s telephone number, including area code)
N/A
(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:
Securities registered pursuant to Section 12(b) of the Act:
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised
financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
On February 13, 2020, Sensient Technologies Corporation (“Sensient” or the “Company”) entered into an Executive Employment Contract (the “Employment Agreement”) with Mr.
Paul Manning, pursuant to which Mr. Manning will continue to serve as the Company’s Chairman, President and Chief Executive Officer. The Employment Agreement was prepared by outside counsel and reviewed and approved by the Compensation and
Development Committee of the Board of Directors (“Compensation Committee”), which consists solely of independent directors.
The initial term of the Employment Agreement is for a period of three years, commencing on February 13, 2020 (the “Term”), and shall automatically extend for additional
one year periods unless either party provides the other party with at least 12 months advance written notice that no such extension shall occur. The Employment Agreement may be terminated with or without cause, by the Company or by Mr. Manning,
subject to the rights and obligations contained therein. During the Term, Mr. Manning will receive an initial annual base salary of $945,000 and such salary shall be reviewed annually by the Compensation Committee based on Mr. Manning’s performance
and the Company’s compensation policies. In addition, Mr. Manning will be eligible for an annual incentive bonus, payable in cash and/or equity, based on criteria determined by the Compensation Committee and shall receive benefits consistent with
those received by other executive officers of the Company.
The above description of the Employment Agreement does not purport to be complete and is qualified in its entirety by reference to the Employment Agreement, which is
attached hereto as Exhibit 10.1 to this Current Report on Form 8-K.
The prior Executive Employment Contract between Sensient and Mr. Manning expired by its terms.
The following exhibits are furnished with this Current Report on Form 8-K:
Exhibit 104:
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Cover Page Interactive Data File (embedded within the Inline XBRL document).
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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.
EXHIBIT INDEX
Exhibit 104:
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Cover Page Interactive Data File (embedded within the Inline XBRL document).
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