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8-K Form - Current report, items 5.02 and 9.01 - AAR CORP (0000001750) (Filer)

0000001750 false Common Stock, $1.00 par value AIR 0000001750 2019-10-08 2019-10-09 0000001750 us-gaap:CommonStockMember exch:XCHI 2019-10-08 2019-10-09 0000001750 us-gaap:CommonStockMember exch:XNYS 2019-10-08 2019-10-09 iso4217:USD xbrli:shares iso4217:USD xbrli:shares
   
 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) ofthe Securities Exchange Act of 1934

 

Date of Report (Date of Earliest EventReported): October 9, 2019

 

AAR CORP.

(Exact name of registrant as specified inits charter)

 

Delaware   1-6263   36-2334820
(State of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)

 

One AAR Place

1100 N. Wood Dale Road

Wood Dale, Illinois 60191

(Address and Zip Code of Principal ExecutiveOffices)

 

Registrant’s telephone number, includingarea code: (630) 227-2000

 

Not Applicable

(Former name or former address, if changedsince last report)

 

Check the appropriate box below if the Form 8-K filingis 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))

 

Securities registered pursuant to Section 12(b) ofthe Act:

 

Title of Each Class   Trading Symbol(s)   Name of Each Exchange on Which Registered
Common Stock, $1.00 par value   AIR   New York Stock Exchange
        Chicago Stock Exchange

 

Indicate by check mark whether the registrant is an emerginggrowth company as defined in Rule  405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 ofthe Securities Exchange Act of 1934 (§ 240.12b–2 of this chapter).

 

Emerginggrowth company ¨

 

If an emerginggrowth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangementsof Certain Officers

 

On July 2, 2019, AAR CORP. (the “Company”)filed a Current Report on Form 8-K announcing that Robert J. Regan, Vice President, General Counsel and Secretary, will be retiringfrom the Company on December 31, 2019. The Company and Mr. Regan subsequently entered into a Retirement Agreement and SupplementalRelease (the “Retirement Agreement”) in connection with Mr. Regan’s retirement from the Company.

 

Mr. Regan is eligible to receive severancebenefits as set forth in the Amended and Restated Severance and Change in Control Agreement dated October 11, 2017 (the “SeveranceAgreement”). These benefits include salary continuation for twelve months, subject to earlier termination under certain circumstancesas set forth in the Severance Agreement. Mr. Regan is also eligible for a pro-rated fiscal 2020 bonus under the Company’sFiscal 2020 Short-Term Incentive Plan.

 

The Retirement Agreement provides for continuedcoverage of group medical, dental and vision benefits for Mr. Regan, his spouse and covered dependents at the same cost it chargesits active employees. This coverage terminates the earlier of Mr. Regan becoming (a) eligible for Medicare or other similar government-sponsoredcoverage or (b) eligible for coverage through another employer.

 

The Retirement Agreement also confirmsthat Mr. Regan will be retirement eligible or otherwise vested for purposes of the Company’s stock plans and the SupplementalKey Employee Retirement Plan.

 

The foregoing description of the RetirementAgreement is qualified in its entirety by reference to the full text of the Retirement Agreement, a copy of which is filed withthis Current Report as Exhibit 10.1 and incorporated herein by reference.

 

Item 9.01Financial Statements and Exhibits.

 

(d)   Exhibits.

 

Exhibit No.   Description
10.1   Retirement Agreement and Supplemental Release between AAR CORP. and Robert J. Regan.
104   Cover Page Interactive Data File (formatted as Inline XBRL)

 

 

 

 

EXHIBIT INDEX

 

Exhibit No.   Description
10.1   Retirement Agreement and Supplemental Release between AAR CORP. and Robert J. Regan.
104   Cover Page Interactive Data File (formatted as Inline XBRL)

 

 

 

 

SIGNATURES

 

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

 

Date: October 11, 2019  
  AAR CORP.
   
   
  By:  
    /s/ SEAN M. GILLEN
    Sean M. Gillen
    Vice President and Chief Financial Officer
    (Principal Financial Officer)

 

 

 

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Moisestrader @Moisestrader1 - a day ago
RT @Tickeron: $AIR's 10-day Moving Average moved below its 50-day Moving Average on October 3, 2019. View odds for this and other indicator…
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