09.17.2014 8K Nash1
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 17, 2014
(Exact name of registrant as specified in its charter)
(State or other jurisdiction
600 North Centennial Street
(Address of principal executive offices)
Registrant's telephone number, including area code: (616) 772-1800
(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):
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))
Section 5 -
Corporate Governance and Management
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Gentex Corporation (the "Company") has increased the overall responsibilities of Kevin Nash. His title is Chief Accounting Officer and Vice President, Accounting and he is already an executive officer with reporting requirements under Section 16 of the Securities Exchange Act of 1934, as amended.
In connection with Mr. Nash's increased responsibilities, on September 17, 2014, the Company set Mr. Nash's annual salary at $150,176 (effective in accordance with Company policies and procedures). In addition, Mr. Nash will also receive a 7,330 share stock option grant and a restricted stock grant of 6,000 shares, pursuant to the Company's shareholder approved Employee Stock Option Plan and shareholder approved Second Restricted Stock Plan, respectively, with such grants to be made at the next regularly scheduled Compensation Committee meeting (in accordance with Company policies and procedures).
Also, effective that same date, Mr. Joseph Matthews, Vice President of Purchasing, will receive a 4,000 share restricted grant pursuant to the Company's shareholder approved Second Restricted Stock Plan, with the grant to be made at the next regularly scheduled Compensation Committee meeting (in accordance with Company policies and procedures). Mr. Matthews is already an executive officer with reporting requirements under Section 16 of the Securities Exchange Act of 1934, as amended.
Notwithstanding the foregoing, neither Mr. Nash nor Mr. Matthews have written employment agreements, and will continue to be at-will employees of the Company as is the case with all employees of the Company.
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 thereunto duly authorized.
Dated: September 18, 2014
By /s/ Fred Bauer
Its Chairman of the Board and
Chief Executive Officer