iiin20151124_8k.htm

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): November 23, 2015

 

 

Commission File Number 1-9929

 

 

 

Insteel Industries, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

North Carolina

(State or other jurisdiction of

incorporation or organization)

 

56-0674867

(I.R.S. Employer Identification No.)

     

1373 Boggs Drive, Mount Airy, North Carolina

(Address of principal executive offices)

 

27030

(Zip Code)

 

Registrant’s telephone number, including area code: (336) 786-2141

 

 

 

 

 

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))

 

 
 

 

 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

 

On November 23, 2015, the Executive Compensation Committee of the Board of Directors of Insteel Industries, Inc. (the “Company”) approved increases in the annual base salaries of the Company’s executive officers.

 

 The increases in annual salaries, which are effective immediately, are shown below:

 

Name and Position

 

Current Annual Salary

   

New Annual Salary

 

H.O. Woltz III

President and Chief Executive Officer

    $525,000       $600,000  
                 

Michael C. Gazmarian

Vice President, Chief Financial Officer and Treasurer

    $295,000       $325,000  
                 

James F. Petelle

Vice President – Administration and Secretary

    $190,000       $208,000  
                 

Richard T. Wagner

Vice President – General Manager, Insteel Wire Products

    $280,000       $300,000  

 

 
 

 

 

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.

 

 

INSTEEL INDUSTRIES, INC.

Registrant

 

 

Date: November 25, 2015

 

By:

/S/James F. Petelle

     

     James F. Petelle

     

     Vice President – Administration and Secretary