other material
confidence high
sentiment neutral
materiality 0.35
Ampco-Pittsburgh amends Altor support agreement; CEO McBrayer gets salary hike, board resignation condition
AMPCO PITTSBURGH CORP
- Altor Fund II loses board nomination rights; retains one board observer subject to holding at least 444,151 shares.
- Board fixed at eight directors; Altor can request withholding of confidential info from observer.
- CEO J. Brett McBrayer agrees to resign from board upon employment termination; salary increased to $643,000/yr.