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HSC > SEC Filings for HSC > Form 8-K on 2-Feb-2009All Recent SEC Filings

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Form 8-K for HARSCO CORP


2-Feb-2009

Change in Directors or Principal Officers


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of

Certain Officers; Compensatory Arrangements of Certain Officers

(e) On January 27, 2009, the Board of Directors of Harsco Corporation (the "Company") approved an award of performance-based restricted stock units ("RSUs") to six of the Company's executive officers and certain other officers and employees of the Company. The awards, which vest ratably over the subsequent three years of continuous employment (one third of the original award each year), were made pursuant to the terms of the Company's 1995 Executive Incentive Compensation Plan. The awards were made pursuant to RSU Agreements in the form of the RSU Agreement filed as Exhibit 10 to the Form 8-K filing dated January 24, 2007, except with respect to Mr. Butler, whose RSU Agreement has been adjusted for certain U.K. tax, legal and other consequences. Pursuant to such approval, the Company granted the following RSUs to the following executive officers of the Company:

                                    Number of
              Name                  Restricted   Fair Market Value
                                      Stock      January 27, 2009
                                      Units

Salvatore D. Fazzolari                20,000         $535,600
Chairman and Chief Executive          units
Officer

Geoffrey D. H. Butler                  8,000         $214,240
Harsco Corporation President and      units
Chief Executive Officer of the
Harsco Infrastructure
and Harsco Metals Segments

Mark E. Kimmel                        10,000         $267,800
Senior Vice President, Chief          units
Administrative Officer, General
Counsel and Corporate Secretary

Richard C. Neuffer                     7,000         $187,460
Senior Vice President and             units
Group CEO, Harsco Minerals & Rail
Group

Stephen J. Schnoor                     5,000         $133,900
Senior Vice President and Chief       units
Financial Officer

Richard M. Wagner                      2,000          $53,560
Vice President and Controller         units

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