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): May 5, 2006
Federal Signal Corporation
(Exact name of registrant as specified in its charter)
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Delaware
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0-693
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36-1063330 |
(State or other jurisdiction
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(Commission File
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(IRS Employer |
of incorporation)
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Number)
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Identification No.) |
1415 W. 22nd Street, Oak Brook, Illinois 60523
(Address of principal executive offices) (Zip Code)
(630) 954-2000
(Registrants 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:
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 1.01 Execution of a material definitive agreement
Mr. Stephen C. Buck, President, Safety Products Group has resigned from the Company. On May 5, 2006
the Company entered into an agreement with Mr. Buck which provides that the Company will pay him
$422,510 which approximates his annual salary plus annual bonus. The company also allowed the
immediate vesting of 42,183 stock options and 21,825 stock awards unvested at the date of
termination. The Company will provide executive outplacement services for twelve months. The
Company will also provide Mr. Buck with subsidized COBRA coverage until the earlier of the a)
expiration of eighteen months or b) the date he becomes eligible to receive other insurance
coverage. In exchange for the consideration provided by the Company, Mr. Buck has executed a
release in favor of the Company.
The information in this Current Report is being furnished and shall not be deemed filed for the
purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to
the liabilities of that Section. The information in this Current Report shall not be incorporated
by reference into any registration statement or other document pursuant to the Securities Act of
1933, as amended.