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):
October 08, 2019
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 8, 2019, Lippert Components, Inc., a subsidiary of LCI Industries (the “Company”), entered into an Extension Agreement (the “Extension Agreement”) with Andrew Namenye, the Company’s Vice President – Chief Legal Officer and Secretary. The Extension Agreement provides that the 24-month period following termination of employment during which the restrictive covenant provisions contained in Mr. Namenye’s Executive Employment Agreement apply is extended for an additional 12-month period. The Extension Agreement also provides for, and the Company’s Compensation Committee approved, a special award of restricted stock units (“RSUs”) to be granted to Mr. Namenye, which RSUs had an effective grant date of October 8, 2019 and will vest over a three-year period, with one-third vesting on each of December 1, 2020, December 1, 2021, and December 1, 2022.
The Extension Agreement is substantially similar to the extension agreements entered into by the Company’s other executive officers as reported in the Current Report on Form 8-K filed by the Company on March 12, 2019 (the “March 2019 Form 8-K”). The other executive officers also received a special RSU award in connection with entering into those extension agreements.
The RSUs granted to Mr. Namenye were granted under, and the foregoing description of the terms of the RSUs is qualified in its entirety by reference to, the form of RSU award agreement filed as Exhibit 10.2 to the March 2019 Form 8-K and is incorporated herein by reference as Exhibit 10.1 and constitutes a part of this report. The foregoing description of the Extension Agreement is qualified in its entirety by reference to the form of Extension Agreement, which was filed as Exhibit 10.3 to the March 2019 Form 8-K and is incorporated herein by reference as Exhibit 10.2 and constitutes a part of this report. The form of Executive Employment Agreement was filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on March 4, 2015.
Item 9.01 Financial Statements and Exhibits.
|Form of Restricted Stock Unit Award Agreement (Executives) under the LCI Industries 2018 Omnibus Incentive Plan (incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K filed on March 12, 2019)|
|Form of Extension Agreement (incorporated by reference to Exhibit 10.3 to the Company’s Current Report on Form 8-K filed on March 12, 2019)|
|104||Cover Page Interactive Data File (embedded within the Inline XBRL document)|
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.
By: /s/ Brian M. Hall
Brian M. Hall
Chief Financial Officer
|Dated: October 11, 2019|