Ampco-Pittsburgh President & CAO Rose Hoover retires Dec 31, 2021; consulting deal through Dec 2024

AMPCO PITTSBURGH CORP

Rose Hoover, President and CAO with 42 years of service, retires effective Dec 31, 2021; retirement accelerated 5 months at company request.
Retirement package: $175K salary, $40,400 vacation, $231K target STI award, accelerated vesting of 33,068 RSUs and 88,252 PSUs.
Consulting services Jan 2022–Dec 2024 at $250/hour up to 40 hrs/month; independent contractor status.
Non-disparagement and confidentiality obligations; prior non-compete agreement dated May 2016 remains in effect.

item 5.02 item 9.01

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Departed

Rose Hoover

President and Chief Administrative Officer

AP · AMPCO PITTSBURGH CORP

Effective: 2021-12-31
Filed: October 22, 2021, 7:59 PM ET

On October 22, 2021, Ampco-Pittsburgh Corporation (the “Corporation”) announced the planned retirement of Rose Hoover, to be effective December 31, 2021 and which was conveyed by Ms. Hoover to the Corporation on October 19, 2021.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Rose Hoover retired as President and Chief Administrative Officer at AMPCO PITTSBURGH CORP.

Action: retired
Role: President and Chief Administrative Officer

Exact text from the filing

On October 22, 2021, Ampco-Pittsburgh Corporation (the “Corporation”) announced the planned retirement of Rose Hoover, to be effective December 31, 2021 and which was conveyed by Ms. Hoover to the Corporation on October 19, 2021.

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Source: SEC EDGAR

accession 0001193125-21-305440

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