Current Report Filing (8-k)
06 Gennaio 2023 - 10:25PM
Edgar (US Regulatory)
0000096536
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0000096536
2023-01-06
2023-01-06
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
January 6, 2023
Date of Report (Date of earliest event reported)
| TAYLOR DEVICES INC |
| (Exact name of registrant as specified in its charter) |
| New York |
0-3498 |
16-0797789 |
(State or other jurisdiction
of incorporation) |
(Commission File
Number) |
(IRS Employer
Identification No.) |
| 90 Taylor Drive, North Tonawanda, New York |
|
14120 |
| (Address of principal executive offices) |
|
(Zip Code) |
Registrant's telephone number, including area
code: (716) 694-0800
Not Applicable
| (Former name or former address, if changed since last report) |
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:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered |
| None |
None |
None |
Indicate by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
(§240.12b-2 of this chapter).
Emerging
growth company ☐
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any
new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Taylor Devices, Inc. announced the retirement
of Mark V. McDonough as Chief Financial Officer of the Company on December 31, 2022. Mr. McDonough has served as CFO since he joined the
Company in 2003 and will remain as Corporate Secretary for the Company.
The Board of Directors has appointed Paul
Heary as Chief Financial Officer of the Company effective January 1, 2023. Mr. Heary, age 52, is the former CFO of Multisorb Technologies,
Inc. in West Seneca, NY, a leader in sorbent technology for over 50 years. He previously served as Senior Finance Director of Carleton
Technologies Inc. (d.b.a. Cobham Mission Systems) in Orchard Park, New York, a U.S. Department of Defense contractor.
Mr. Heary holds an MBA and a BS in Business
Administration from the State University of New York at Buffalo.
In connection with his employment, Mr. Heary
will earn the following key compensation and benefits:
| · | an annual base salary of $220,000; |
| · | eligibility to participate in
the management bonus policy; |
| · | participation in the Company’s
retirement, health and welfare, vacation and other benefit programs; and |
| · | eligibility for an annual incentive
stock option award for 7,000 shares of the Company’s common stock. |
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.
| |
TAYLOR DEVICES, INC. |
|
| |
(registrant) |
|
Date: January 6, 2023 |
By: |
/s/ Timothy J. Sopko |
| |
|
Timothy J. Sopko, Chief Executive Officer |
Grafico Azioni Taylor Devices (NASDAQ:TAYD)
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Da Ott 2024 a Nov 2024
Grafico Azioni Taylor Devices (NASDAQ:TAYD)
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