Director retirement and executive compensation awards approved for 2021

RUSH ENTERPRISES INC \TX\

Director James Underwood retired from Board effective March 2, 2022; no disagreement with company.
Compensation Committee approved 2021 cash bonuses: CEO Rush $3.08M, COO McRoberts $696k, CFO Keller $539.6k, EVP Weaver $539.6k.
Stock options granted: 35,000 to Rush, 10,000 each to McRoberts, Keller, Weaver; vest over 3 years starting 3rd anniversary.
Restricted stock awards: 70,000 to Rush, 25,000 to McRoberts, 17,000 to Keller and Weaver; vest in 3 installments from 1st anniversary.

item 5.02

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Departed

James Underwood

Director

RUSHA · RUSH ENTERPRISES INC \TX\

Effective: 2022-03-02
Filed: March 3, 2022, 6:59 PM ET

On March 2, 2022, James Underwood notified Rush Enterprises, Inc. (the “Company”) of his retirement from the Company’s Board of Directors (the “Board”), effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

James Underwood retired as Director at RUSH ENTERPRISES INC \TX\.

Action: retired
Role: Director

Exact text from the filing

On March 2, 2022, James Underwood notified Rush Enterprises, Inc. (the “Company”) of his retirement from the Company’s Board of Directors (the “Board”), effective immediately.

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RUSH ENTERPRISES INC \TX\ filing history →

Source: SEC EDGAR

accession 0001437749-22-005167

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