The Shyft Group Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

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Date of Report (Date of Earliest Event Reported): May 30, 2024

 

(Exact Name of Registrant as Specified in its Charter)

 

 

(Address of Principal Executive Offices) (Zip Code)

 

Registrant’s Telephone Number, Including Area Code: (517) 543-6400

 

(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:

 

 

Securities registered pursuant to Section 12(b) of the Act:

 

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. ☐

 

 

 

 

On May 30, 2024, the Board of Directors of The Shyft Group, Inc. (“Shyft” or the “Company”) terminated, without cause, the employment of Colin Hindman, Shyft’s current Chief Human Resources Officer, effective June 14, 2024. Mr. Hindman will cease serving as an officer of the Company on June 3, 2024, and will transition his duties over the subsequent two weeks. In addition to accrued compensation and benefits, Mr. Hindman is expected to receive substantially the compensation and benefits to which he is entitled under the Company’s Executive Severance Plan for a termination without cause. The Company expects to enter into a transition and separation agreement with Mr. Hindman to memorialize the terms of his departure from the Company.

 

 

 

(d) Exhibits

 

 

 

 

 

 

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.