American Vanguard announces director retirement/appointment, severance plan, and $0.03 dividend

AMERICAN VANGUARD CORP

Director Morton Erlich to retire after 11 years; Steven Macicek appointed as Audit Committee Chair, effective ~March 15, 2024.
Board adopted severance plan for Section 16 officers (excl. CEO): up to 18 months' pay plus equity acceleration and COBRA on qualified termination.
Declared quarterly cash dividend of $0.03 per share, payable April 10, 2024 to holders of record March 27, 2024.
Macicek formerly Global Client Services Partner at EY, brings governance expertise; recruited via James Drury Partners.

item 5.02 item 8.01 item 9.01

Executive movements

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Departed

Morton D. Erlich

Director

AVD · AMERICAN VANGUARD CORP

Successor: Steven Macicek
Filed: March 12, 2024, 7:59 PM ET

On March 7, 2024, American Vanguard Corporation (“Registrant”) issued a press release announcing that Morton D. Erlich had retired from Registrant’s board of directors

Appointed

Steven Macicek

Director

AVD · AMERICAN VANGUARD CORP

Effective: 2024-03-15
Filed: March 12, 2024, 7:59 PM ET

Registrant announced its board of directors had appointed Steven Macicek to fill the vacancy to be created by Mr. Erlich’s departure and to commence service on its board effective after the close of business on day upon which Mr. Erlich’s retirement is deemed to be effective (which, in all probability) will be March 15, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Morton D. Erlich retired as Director at AMERICAN VANGUARD CORP.

Action: retired
Role: Director

Exact text from the filing

On March 7, 2024, American Vanguard Corporation (“Registrant”) issued a press release announcing that Morton D. Erlich had retired from Registrant’s board of directors

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Steven Macicek was appointed as Director at AMERICAN VANGUARD CORP.

Action: appointed
Role: Director

Exact text from the filing

Registrant announced its board of directors had appointed Steven Macicek to fill the vacancy to be created by Mr. Erlich’s departure and to commence service on its board effective after the close of business on day upon which Mr. Erlich’s retirement is deemed to be effective (which, in all probability) will be March 15, 2024.

View on SEC.gov

AMERICAN VANGUARD CORP filing history →

Source: SEC EDGAR

accession 0001193125-24-065851

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