npk_8k.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 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): May 18,
2010
NATIONAL
PRESTO INDUSTRIES, INC.
(Exact
name of registrant as specified in charter)
Wisconsin
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1-2451
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39-0494170
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(State
or other jurisdiction of incorporation or organization)
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(Commission
File No.)
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(IRS
Employer Identification No.)
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3925
North Hastings Way, Eau Claire, Wisconsin 54703-3703
(Address
of principal executive offices)
715-839-2121
(Registrant’s
telephone number, including area code)
N/A
(Former
Name and Address)
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:
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
Item
5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements for
Certain Officers.
On May
18, 2010, the stockholders of National Presto Industries, Inc. voted to approve
the National Presto Industries, Inc. Incentive Compensation Plan (the “Plan”).
The Plan provides for the grant of restricted stock awards to employees of
National Presto and its subsidiaries. The maximum number of shares of common
stock that may be delivered under the Plan is 50,000, subject to adjustment as
provided in the Plan. National Presto may use only treasury shares in connection
with grants under the Plan. This summary of the Plan is qualified in
its entirety by reference to the full text of the Plan, a copy of which is
attached as Appendix A to National Presto’s proxy statement for the 2010 Annual
Meeting of Stockholders. The form of agreement for Restricted Stock
Awards is attached hereto as Exhibit 10.1.
Item
5.07. Submission of Matters to a Vote of Security
Holders.
National
Presto held its Annual Meeting of Stockholders on May 18, 2010. At the meeting,
stockholders elected the two persons nominated by our Board of Directors to
serve as directors for a three-year term ending at the annual meeting to be held
in 2013. In addition, stockholders approved the National Presto
Industries, Inc. Incentive Compensation Plan and ratified the appointment of BDO
Seidman LLP as National Presto’s independent public accountant for 2010. Set
forth below are the final voting results for each of the proposals. A
press release regarding the outcome of the votes of security holders is attached
hereto as Exhibit 99.1
Election
of Directors
Name
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For
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Withheld
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Abstain
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Broker
Non-Votes
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Richard
N. Cardozo
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4,399,581 |
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1,172,082 |
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87,860 |
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928,041 |
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Patrick
J. Quinn
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5,569,322 |
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2,341 |
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87,860 |
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928,041 |
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Proposal
to approve the National Presto Industries, Inc. Incentive Compensation
Plan
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For
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Against
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Abstain
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Broker
Non-Votes
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4,458,727
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1,156,886
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43,909
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928,042
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Proposal
to ratify the appointment of BDO Seidman as the independent registered public
accounting firm
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For
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Against
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Abstain
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Broker
Non-Votes
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6,374,979
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32,678
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15,005
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165,542
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Item
9.01. Financial Statements and Exhibits
(d) Exhibits.
Exhibit No. |
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Description |
10.1 |
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Sample
form of Restricted Stock Award Agreement under National Presto Industries,
Inc. Incentive Compensation Plan. |
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99.1 |
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Press
Release of National Presto Industries, Inc. dated May 19,
2010. |
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, thereunto duly
authorized.
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NATIONAL PRESTO INDUSTRIES,
INC. |
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Date:
May 21, 2010
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By:
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/s/ Maryjo
Cohen |
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Maryjo
Cohen |
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President
and Chief Executive Officer |
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