|
Quotes & Info
|
| RMIX > SEC Filings for RMIX > Form 8-K on 1-Sep-2009 | All Recent SEC Filings |
1-Sep-2009
Change in Directors or Principal Officers, Financial Statements and Exhibits
On August 31, 2009, the Compensation Committee of the Board of Directors of U.S. Concrete, Inc. (the "Company") approved an amendment (the "Amendment") to the Severance Agreement between the Company and Terry Green, the Company's Senior Vice President - Operations. Pursuant to the Amendment, Mr. Green will immediately serve as the interim General Manager of the Company's Dallas/Ft. Worth operations. During this interim period, Mr. Green's base compensation and benefits will remain unchanged, but he will receive $800.00 per month to cover expenses while living in Dallas.
Upon the conclusion of Mr. Green's temporary assignment in Dallas, he will assume the position of the Company's Equipment Manager for an initial term of 1 year. As Equipment Manger, Mr. Green's annual base salary will be reduced to $135,000. In the event of a change in control of the Company during his service as Equipment Manager, his severance benefits will be based on his salary as Senior Vice President - Operations for a change in control during his first year, and on his salary as Equipment Manager for a change in control during any renewal period. Upon the expiration of his term as Equipment Manager, Mr. Green will retire from the Company.
(d) Exhibits
Exhibit No. Exhibit
10.1 Second Amendment to Severance Agreement,
dated as of August 31, 2009, by and between
U.S. Concrete, Inc. and Terry Green
|
|
|