UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 6, 2020, Thor Industries, Inc. (the “Company”) announced temporary reductions in the base salaries of its named executive officers. Effective April 6, 2020, the base salaries of Robert W. Martin, President and Chief Executive Officer, was reduced 100% to zero. For the remaining Named Executive Officers of the Company, including Colleen Zuhl, Senior Vice President and Chief Financial Officer, W. Todd Woelfer, Senior Vice President, General Counsel, and Corporate Secretary, and Kenneth D. Julian, Senior Vice President of Administration and Human Resources, base salaries were reduced by 40%. Additionally, the Board of Directors reduced its cash compensation by 40%. The reductions were approved by the Company’s Board of Directors at management's request as part of the Company’s measures to mitigate the impact of the COVID-19 pandemic on the Company's business.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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THOR Industries, Inc. |
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Date: |
April 6, 2020 |
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/s/ W. Todd Woelfer |
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Name: |
W. Todd Woelfer |
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Title: |
Senior Vice President, General |
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