Current Report Filing (8-k)
May 07 2020 - 11:02AM
Edgar (US Regulatory)
falseWESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP000094345200009434522020-05-062020-05-06
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
Date of Report (Date of Earliest Event Reported): May 7, 2020 (May 6, 2020)
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
(412) 825-1000
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(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
(see General Instruction A.2. below):
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 May 6, 2020, the Company and Rafael Santana, its President and CEO, signed a severance agreement. The material terms of the agreement are
substantially the same as the February 25, 2019 summary of employment terms by which Mr. Santana joined the Company following the GE Transportation merger, except that upon termination of Mr. Santana’s employment by the Company other than for
“cause” (as defined) or by Mr. Santana for “good reason” (as defined) Mr. Santana will be entitled to severance benefits equal to 200% of the sum of his then-current annual base salary and target annual bonus amount, plus accrued compensation and
continued medical benefits for two years. In addition, the Company and Mr. Santana signed a change-in-control continuation agreement in substantially the form signed by other Company senior executives.
The above summaries are not complete descriptions of the documents and are qualified in their entirety by reference to the full text of the agreements,
copies of which are filed with or incorporated into this report and incorporated herein by reference.
SIGNATURE
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.
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