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EX-10.1 - EX-10.1 - Williams Industrial Services Group Inc.a15-8654_1ex10d1.htm

 

 

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): March 31, 2015

 


 

Global Power Equipment Group Inc.

(Exact Name of Registrant as Specified in its Charter)

 


 

Delaware

 

001-16501

 

73-1541378

(State or Other Jurisdiction
of Incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification Number)

 

400 E. Las Colinas Boulevard, Suite 400

Irving, Texas 75039

(Address of Principal Executive Offices, Zip Code)

 

Registrant’s telephone number, including area code: (214) 574-2000

 


 

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:

 

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.

 

(e) On March 31, 2015, Global Power Equipment Group Inc. (the “Company”), following the approval of the Compensation Committee of the Company, granted the following restricted share units as retention grants to the following named executive officers:

 

Named Executive Officer

 

Number of Restricted Share Units Granted

 

Raymond K. Guba

 

17,720

 

Tracy D. Pagliara

 

9,245

 

John Durkee

 

9,245

 

 

The restricted share units are subject to the terms of a Restricted Share Unit Agreement, the form of which is attached hereto, and shall vest in full on June 30, 2016, provided that the executive remains employed with the Company, or a subsidiary of the Company, through that date. Vesting accelerates in full upon a termination of the executive by the Company without cause or by reason of disability, in the event of the executive’s termination for good reason or death, or if a change in control occurs while the executive is employed by the Company, or a subsidiary of the Company.

 

The above description of the Restricted Share Unit Agreement is not complete and is qualified in its entirety by reference to the full text of the form of the Restricted Share Unit Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit
Number

 

Description

 

 

 

10.1

 

Form of Restricted Share Unit Agreement

 

2



 

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.

 

Dated: April 6, 2015

 

 

 

Global Power Equipment Group Inc.

 

 

 

By:

/s/ Tracy D. Pagliara

 

 

Tracy D. Pagliara

 

 

Chief Administrative Officer, General Counsel and Secretary

 

3



 

EXHIBIT INDEX

 

Exhibit
Number

 

Description

 

 

 

10.1

 

Form of Restricted Share Unit Agreement

 

4