Kennametal Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
$KMT
Industrial Machinery/Components
Industrials
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): February 12, 2025
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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.
Kennametal Inc. (the “Company” or “Kennametal”) filed a Current Report on Form 8-K on January 15, 2025 regarding Mr. Franklin Cardenas leaving the Company. In connection with this departure, the Company agreed to a Separation Agreement with Mr. Cardenas on February 12, 2025, which contains a general release of claims and certain restrictive covenants, and provides that Mr. Cardenas will receive the benefits to which he is contractually entitled under his employment agreement with the Company, along with: (i) annual incentive plan payment for fiscal year 2025 at actual Company performance pursuant to the terms of the annual incentive plan; (ii) twelve months of the Company’s subsidy for his health insurance elections, and (iii) continuation of vesting of his long-term incentive awards through August 15, 2025 in accordance with the terms and conditions of the applicable restricted stock unit and performance stock unit grant agreements between Mr. Cardenas and the Company.
The foregoing description of the terms and conditions of the Separation Agreement with Mr. Cardenas is subject to the entire agreement, which is attached as Exhibit 10.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
Signatures
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.
| KENNAMETAL INC. | |||||||||||||||||||||||||||||
| Date: | February 14, 2025 | By: | /s/ Michelle R. Keating | ||||||||||||||||||||||||||
| Michelle R. Keating | |||||||||||||||||||||||||||||
| Vice President, Secretary and General Counsel | |||||||||||||||||||||||||||||
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