UNITED STATES

 

SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

 

FORM

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d)

 

of the Securities Exchange Act of 1934

 

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(Exact name of registrant as specified in its charter)

 

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Check the appropriate box below if the Form 8-K filing is intendedto simultaneously satisfy the filing obligation of

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

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LLC

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Indicate by check mark whether the registrant is an emerginggrowth 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 touse the extended

transition period for complying with any new or revised financial accountingstandards provided pursuant to Section

13(a) of the Exchange Act

 

 

 

 

Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment

of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 3, 2020, the Compensation Committee of the Board of Directors (the

“Compensation Committee”) and the Board of Directors of Core Molding Technologies, Inc.

(the “Company”) approved the Core Molding Technologies, Inc. Salaried Employee Bonus Plan

(the “Plan”), which sets forth the terms of the fiscal 2020 annual incentive bonus opportunity for

eligible salaried employees of the Company (“Eligible Employees”). Under the Plan, Eligible

Employees will be eligible to receive a cash bonus, as determined by the Board, based on the

Company’s 2020 pre bonus Earnings Before Interest, Taxes,Depreciation and Amortization.

Under the Plan, the target bonus opportunity for executives is 50% of their annual base salary at

the end of the fiscal year. Bonuses under the Plan, if any,will be payable in cash after the end of

the 2020 fiscal year.

The foregoing description of the Plan is not complete and is qualified in its entirety by

reference to the full text of the Plan filed as Exhibit 10.1 to this Current Report on Form 8-K and

incorporated herein by reference.

 

Item 9.01Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit

Number

Description

 

 

 

SIGNATURE

 

Pursuant to therequirements of theSecurities Exchange Actof 1934, theregistrant has dulycaused

this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

CORE MOLDING TECHNOLOGIES, INC.

 

 

 

 

By:/s/ John P.Zimmer

 

Name: John P.Zimmer

 

Title: Executive VicePresident, Treasurer,

Secretary and Chief Financial Officer

 

 

 

 

Date:December 9, 2020