<SEC-DOCUMENT>0001193125-15-231797.txt : 20150623
<SEC-HEADER>0001193125-15-231797.hdr.sgml : 20150623
<ACCEPTANCE-DATETIME>20150623141934
ACCESSION NUMBER:		0001193125-15-231797
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20150618
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150623
DATE AS OF CHANGE:		20150623

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KENNAMETAL INC
		CENTRAL INDEX KEY:			0000055242
		STANDARD INDUSTRIAL CLASSIFICATION:	MACHINE TOOLS, METAL CUTTING TYPES [3541]
		IRS NUMBER:				250900168
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05318
		FILM NUMBER:		15946782

	BUSINESS ADDRESS:	
		STREET 1:		1600 TECHNOLOGY WAY
		STREET 2:		P O  BOX 231
		CITY:			LATROBE
		STATE:			PA
		ZIP:			15650
		BUSINESS PHONE:		7245395000

	MAIL ADDRESS:	
		STREET 1:		1600 TECHNOLOGY WAY
		STREET 2:		PO BOX 231
		CITY:			LATROBE
		STATE:			PA
		ZIP:			15650
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d946577d8k.htm
<DESCRIPTION>FORM 8-K
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<TITLE>Form 8-K</TITLE>
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 <P STYLE="line-height:1.5pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1.50pt solid #000000">&nbsp;</P>
<P STYLE="line-height:1.5pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.50pt solid #000000">&nbsp;</P> <P STYLE="margin-top:30pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>WASHINGTON, D.C. 20549 </B></P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 8-K </B></P> <P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:9.5pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT
REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:Times New Roman" ALIGN="center"><B>PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 </B></P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:9.5pt; font-family:Times New Roman" ALIGN="center">Date of report (Date of earliest event reported): June&nbsp;18, 2015 </P>
<P STYLE="margin-top:30pt; margin-bottom:0pt; font-size:23.5pt; font-family:Times New Roman" ALIGN="center"><B>Kennametal Inc. </B></P> <P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:9.5pt; font-family:Times New Roman" ALIGN="center">(Exact
Name of Registrant as Specified in Its Charter) </P> <P STYLE="font-size:14pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="bottom" NOWRAP ALIGN="center"><B>Pennsylvania&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
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<TD VALIGN="bottom" ALIGN="center"><B>1-5318&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
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<TD VALIGN="bottom" ALIGN="center"><B>25-0900168&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD></TR>


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<TD VALIGN="top" ALIGN="center">(State or Other Jurisdiction of Incorporation)</TD>
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<TD VALIGN="top" ALIGN="center">(Commission&nbsp;File&nbsp;Number)</TD>
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<TD VALIGN="top" ALIGN="center">(IRS Employer Identification No.)</TD></TR>
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<TD VALIGN="top" COLSPAN="5"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;World Headquarters</B></TD></TR>
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<TD VALIGN="top" COLSPAN="5"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1600 Technology Way</B></TD></TR>
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<TD VALIGN="top" COLSPAN="5"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;P.O. Box 231</B></TD></TR>
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<TD VALIGN="top" COLSPAN="3"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Latrobe, Pennsylvania</B></TD>
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<TD VALIGN="top" ALIGN="center"><B>15650-0231&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD></TR>
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<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-size:9.5pt">(Address of Principal Executive Offices)</FONT></TD>
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<TD VALIGN="top" ALIGN="center">(Zip Code)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:9.5pt; font-family:Times New Roman" ALIGN="center">Registrant&#146;s telephone number, including area code:<B> (724)&nbsp;539-5000</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9.5pt; font-family:Times New Roman" ALIGN="center">(Former Name or Former Address, if Changed Since Last Report) </P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below): </P> <P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </P>
<P STYLE="font-size:36pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.5pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1.50pt solid #000000">&nbsp;</P>
<P STYLE="line-height:1.5pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.50pt solid #000000">&nbsp;</P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers. </B></P> <P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>(e) Amendment of Executive Retirement Plan and Supplemental Executive Retirement Plan
</I></P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On June&nbsp;18, 2015, the Compensation Committee of the Board of Directors of Kennametal Inc. (the &#147;Corporation&#148;) approved
an amendment to the existing Executive Retirement Plan (as amended December&nbsp;30, 2008, and as further amended via Amendment No.&nbsp;1 on January&nbsp;27, 2015) (the &#147;ERP&#148;), and the existing Supplemental Executive Retirement Plan (as
amended December&nbsp;30, 2008) (&#147;SERP&#148;). Each of the amendments to the ERP and SERP were made to mandate the funding of accrued benefits to the Company&#146;s existing Rabbi Trust upon a Change in Control event as defined by the ERP and
SERP documents. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The foregoing description of the material terms of the amendments to the ERP and SERP are qualified in their entirety by
reference to the complete copy of the amendments, which are filed herewith. </P> <P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;9.01 Financial Statements and Exhibits. </B></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits </P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" NOWRAP>10.1</TD>
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<TD VALIGN="top">Amendment No.&nbsp;2 to the Kennametal Inc. Executive Retirement Plan (as amended December&nbsp;30, 2008, and as further amended via Amendment No.&nbsp;1 on January&nbsp;27, 2015)</TD></TR>
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<TD VALIGN="top" NOWRAP>10.2</TD>
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<TD VALIGN="top">Amendment No.&nbsp;1 the Kennametal Inc. Supplemental Executive Retirement Plan (as amended December&nbsp;30, 2008)</TD></TR>
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<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">KENNAMETAL INC.</P></TD>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">Date: June&nbsp;23, 2015</P></TD>
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<TD VALIGN="top">By:</TD>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Kevin G. Nowe</P></TD>
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<TD VALIGN="top">Kevin G. Nowe</TD>
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<TD VALIGN="top">Vice President, Secretary and General Counsel</TD>
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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d946577dex101.htm
<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>AMENDMENT NO. 2 TO THE KENNAMETAL INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>2006 EXECUTIVE RETIREMENT PLAN </B></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman"><B>WHEREAS</B>, Kennametal Inc. (the &#147;<B>Company</B>&#148;) sponsors and maintains the KENNAMETAL INC. 2006 EXECUTIVE RETIREMENT PLAN, as
amended December&nbsp;30, 2008, and as further amended via Amendment No.&nbsp;1 on January&nbsp;27, 2015 (the &#147;<B>Plan</B>&#148;) (Capitalized terms not otherwise defined herein shall have the meaning ascribed thereto in the Plan); </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman"><B>WHEREAS</B>, in accordance with Section&nbsp;7.6 of the Plan, the Company reserves the right to amend the Plan; and </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman"><B>WHEREAS</B>, with respect to funding of the Accrued Benefits under the Plan, the Company desires to amend the Plan to provide for the
mandatory setting aside of Company assets in the event of a Change in Control. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman"><B>NOW, THEREFORE</B>, the undersigned authorized officer
of the Company, hereby adopts the following amendments to the Plan: </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman"><B>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amendment.</B>&nbsp;&nbsp;Section&nbsp;4.1 of the Plan is hereby
amended by adding to the end thereof a new Section&nbsp;4.1(c) to provide as follows: </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:15%; font-size:12pt; font-family:Times New Roman"><B>&#147;</B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event of any threatened or actual Change in Control (as defined in
Section&nbsp;1.2) of the Company, assets shall be contributed to a &#147;rabbi trust&#148; (within the meaning of Rev. Proc. 92-64) established by the Corporation. The amount of such assets to be contributed shall be equal to the value of the
Accrued Benefit of all Participants, determined immediately prior to the date on which the assets are contributed to such trust. Any such trust shall be established as a grantor trust, of which the Corporation is the grantor, within the meaning of
subpart E, part I, subchapter J, chapter 1, subtitle A of the Internal Revenue Code of 1986 (the &#147;<B>IRC</B>&#148;). Notwithstanding the foregoing provisions of this Section&nbsp;4.1(c) or any provision of the Plan to the contrary: (i)&nbsp;no
assets shall be set aside in the deferred compensation trust or any other trust if the provisions of such trust restrict the assets of the trust in a manner that would result in a transfer of property as provided under IRC Section&nbsp;409A(b)(2)
(relating to the employer&#146;s financial health) or IRC Section&nbsp;409A(b)(3) (relating to the funding status of the employer&#146;s defined benefit plans); and (ii)&nbsp;no contribution to any such trust may be made during any &#147;restricted
period&#148; within the meaning of IRC Section 409A(b)(3).<B>&#148;</B> </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman"><B>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Plan Continuing in Full Force and Effect; No Other
Modification</U></B>.&nbsp;&nbsp;Except as expressly amended by this Amendment, the Plan shall continue in full force and effect. This Amendment shall not be interpreted or construed to limit in any manner the Corporation&#146;s ability to make
additional amendments to the Plan to the extent provided under the terms of the Plan. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">Page <B>1</B> of <B>2</B>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">IN WITNESS WHEREOF, the Company&#146;s duly authorized officer has executed this Amendment this <U>18th</U> day
of <U>June &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, 2015 (the &#147;<B>Effective Date</B>&#148;). </P> <P STYLE="font-size:30pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-size:12pt"><B>Kennametal Inc.</B></FONT></TD>
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<TD VALIGN="top">By:</TD>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:12pt; font-family:Times New Roman">/s/ Kevin G. Nowe</P></TD>
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<TD VALIGN="top"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:12pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kevin G.
Nowe</P></TD>
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<TD VALIGN="top" COLSPAN="3">Vice President, Secretary and General Counsel</TD>
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 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">Page <B>2</B> of <B>2</B>
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>d946577dex102.htm
<DESCRIPTION>EX-10.2
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>AMENDMENT NO. 1 TO THE KENNAMETAL INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN </B></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman"><B>WHEREAS</B>, Kennametal Inc. (the &#147;<B>Company</B>&#148;) sponsors and maintains the KENNAMETAL INC. SUPPLEMENTAL EXECUTIVE RETIREMENT
PLAN, as amended December&nbsp;30, 2008 (the &#147;<B>Plan</B>&#148;) (Capitalized terms not otherwise defined herein shall have the meaning ascribed thereto in the Plan); </P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman"><B>WHEREAS</B>, in accordance with Section&nbsp;9.7 of the Plan, the Company reserves the right to amend the Plan; and </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman"><B>WHEREAS</B>, with respect to funding of SERP Benefits under the Plan, the Company desires to amend the Plan to provide for the mandatory
setting aside of Company assets in the event of a Change in Control. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman"><B>NOW, THEREFORE</B>, the undersigned authorized officer of the
Company, hereby adopts the following amendments to the Plan: </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman"><B>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amendment.</B>&nbsp;&nbsp;Section&nbsp;9.4 of the Plan is hereby amended restated
in its entirety to provide as follows: </P> <P STYLE="font-size:14pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="7%" VALIGN="top" ALIGN="left"><B>&#147;</B>9.4</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE="font-family:Times New Roman; font-size:12pt"><B>Source of Benefit Payments.</B>&nbsp;&nbsp;&nbsp;This Plan is intended to be an unfunded plan of deferred compensation for a select group of
management or highly compensated individuals, and it is intended that a SERP Benefit payable hereunder will be paid from the general assets of the Company. However, in the event of a threatened or actual Change in Control of the Company, assets
shall be contributed to a &#147;rabbi trust&#148; (within the meaning of Rev. Proc. 92-64) established by the Corporation. The amount of such assets to be contributed shall be equal to the value of all amounts payable to each Participant or
Surviving Spouse or estate, under Sections 6 and 7 of the Plan, as determined by the actuary immediately prior to the date on which the assets are contributed to such trust. Any such trust shall be established as a grantor trust, of which the
Corporation is the grantor, within the meaning of subpart E, part I, subchapter J, chapter 1, subtitle A of the Code. Notwithstanding the foregoing provisions of this Section&nbsp;9.4 or any provision of the Plan to the contrary: (i)&nbsp;no assets
shall be set aside in the deferred compensation trust or any other trust if the provisions of such trust restrict the assets of the trust in a manner that would result in a transfer of property as provided under Code Section&nbsp;409A(b)(2)
(relating to the employer&#146;s financial health) or Code Section&nbsp;409A(b)(3) (relating to the funding status of the employer&#146;s defined benefit plans); and (ii)&nbsp;no contribution to any such trust may be made during any &#147;restricted
period&#148; within the meaning of Code Section&nbsp;409A(b)(3).<B>&#148;</B> </P></TD></TR></TABLE>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman"><B>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Plan Continuing in Full Force and Effect; No Other
Modification</U></B>.&nbsp;&nbsp;Except as expressly amended by this Amendment, the Plan shall continue in full force and effect. This Amendment shall not be interpreted or construed to limit in any manner the Corporation&#146;s ability to make
additional amendments to the Plan to the extent provided under the terms of the Plan. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">IN WITNESS WHEREOF, the Company&#146;s duly authorized officer has executed this Amendment this <U>18th</U> day
of <U>June &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, 2015 (the &#147;<B>Effective Date</B>&#148;). </P> <P STYLE="font-size:30pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-size:12pt"><B>Kennametal Inc.</B></FONT></TD>
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<TD VALIGN="top">By:</TD>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:12pt; font-family:Times New Roman">/s/ Kevin G. Nowe</P></TD>
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<TD VALIGN="top"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:12pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kevin G.
Nowe</P></TD>
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<TD VALIGN="top" COLSPAN="3">Vice President, Secretary and General Counsel</TD>
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