Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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): March 23, 2016

 

 

Graham Corporation

(Exact name of Registrant as specified in its charter)

 

 

 

Delaware   1-8462   16-1194720
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)

 

20 Florence Avenue, Batavia, New York   14020
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (585) 343-2216

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:

 

¨ 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.

On March 23, 2016, the Compensation Committee of the Board of Directors (the “Compensation Committee”) of Graham Corporation (the “Company”) increased the base salary of each of the Company’s named executive officers, as follows:

 

Named Executive Officer

   Current
Base Salary
   New
Base Salary
 

James R. Lines,

President and Chief Executive Officer

   $371,527    $ 435,000   

Jeffrey Glajch,

Vice President – Finance & Administration and Chief Financial Officer

   $262,254    $ 270,122   

Alan Smith,

Vice President, General Manager

   $234,000    $ 241,020   

Jennifer Condame,

Controller and Chief Accounting Officer

   $163,909    $ 168,826   


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.

 

      Graham Corporation
Date: March 28, 2016     By:   /s/ Jeffrey Glajch
     

Jeffrey Glajch

Vice President – Finance & Administration and

Chief Financial Officer