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EX-10.1 - EX-10.1 - New Enterprise Stone & Lime Co., Inc.a14-20375_1ex10d1.htm

 

 

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): August 26, 2014

 

NEW ENTERPRISE STONE & LIME CO., INC.

(Exact name of registrant as specified in charter)

 

DELAWARE

 

333-176538

 

23-1374051

(State or Other Jurisdiction of Incorporation or
Organization)

 

(Commission file number)

 

(I.R.S. Employer
Identification Number)

 

3912 Brumbaugh Road
P.O. Box 77

New Enterprise, PA 16664

(Address of principal executive offices)

 

(814) 766-2211

(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):

 

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

 

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

 

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

 

o            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 August 26, 2014, the Board of Directors (the “Board”) of New Enterprise Stone & Lime Co., Inc. (the “Company”) and the Compensation Committee of the Board (the “Committee”) approved the Incentive Compensation Guidelines (the “IC Guidelines”) for certain employees, including the Company’s Named Executive Officers.  Payouts under the IC Guidelines will be computed based upon Company performance at the end of the fiscal year and will be paid as set forth by the Board or the Committee.

 

The foregoing description of the terms and conditions of the IC Guidelines is only a summary and is qualified in its entirety by the full text of such document, a copy of which is filed as Exhibit 10.1 herewith and incorporated herein by reference.

 

Item 9.01                                           Financial Statements and Exhibits.

 

d) Exhibits.

 

No.

 

Description

 

 

 

10.1

 

New Enterprise Stone & Lime Co., Inc. Incentive Compensation Guidelines

 

2



 

Signatures

 

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

 

NEW ENTERPRISE STONE & LIME CO., INC.

 

 

 

 

 

By:

/s/ Paul I. Detwiler, III

 

 

Paul I. Detwiler, III

 

 

Director and President, Chief Executive Officer and Secretary

 

 

 

 

Date: September 2, 2014

 

 

3



 

EXHIBIT INDEX

 

No.

 

Description

 

 

 

10.1

 

New Enterprise Stone & Lime Co., Inc. Incentive Compensation Guidelines

 

4