UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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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 |
At the Annual Meeting of Shareholders held on March 10, 2022 (the “2022 Annual Meeting”), the shareholders of Hurco Companies, Inc. (the “Company”) approved the Amended and Restated Hurco Companies, Inc. 2016 Equity Incentive Plan (the “Amended and Restated Plan”).
The principal changes to the 2016 Equity Incentive Plan that are reflected in the Amended and Restated Plan are the following:
| ● | increasing the aggregate number of shares that may be issued under the Amended and Restated Plan by 850,000 shares; |
| ● | providing that dividends or dividend equivalents payable on all restricted stock and restricted stock unit awards will be subject to the same restrictions as the underlying shares or units; |
| ● | removing provisions relating to the exemption for qualified performance-based compensation under Section 162(m) since such exemption has been repealed; |
| ● | extending the term of the Amended and Restated Plan by an additional 10 years; and |
| ● | other administrative or clarifying changes. |
A more complete description of the terms of the Amended and Restated Plan can be found in “Proposal 3. Approval of the Amended and Restated Hurco Companies, Inc. 2016 Equity Incentive Plan” in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on January 24, 2022. The foregoing description of the Amended and Restated Plan is qualified in its entirety by reference to the full text of the Amended and Restated Plan, a copy of which is filed as Exhibit 10.1 to this report.
Item 9.01Financial Statements and Exhibits
Exhibit Index
10.1 |
104Cover Page Interactive Data File (embedded within the Inline XBRL document)
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.
Dated: March 16, 2022 | ||
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HURCO COMPANIES, INC. | ||
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By: | /s/ Sonja K. McClelland_______________ | |
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| Sonja K. McClelland, Executive Vice President, Treasurer, and Chief Financial Officer |