Business Context and Reporting Period
This Form 8-K is a current report filed by American Vanguard Corporation on March 15, 2011. The filing addresses Item 5.02 regarding the departure of directors or officers, election of directors, appointment of officers, and compensatory arrangements.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on executive incentive compensation.
- Executive Incentive Compensation (Fiscal Year 2010):
- Eric G. Wintemute (President & CEO): $137,500
- Glen D. Johnson (SVP Business Development, AMVAC): $85,000
- David T. Johnson (VP, CFO & Treasurer): $70,000
- Timothy J. Donnelly (CAO, General Counsel & Secretary): $70,000
- Johann Venter (VP Technology, AMVAC): $10,000
Material Changes
The filing reports the payment of lump-sum incentive compensation to five executive officers based on company-wide and individual performance during fiscal year 2010. No other material changes to financial position or operations are disclosed in this specific report.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, outlook, management commentary on strategy, risks, contingencies, or unusual items. The report is limited to the disclosure of the compensation event.
Investor Verification Checklist
- Verify the total amount of incentive compensation paid to executives for fiscal year 2010.
- Confirm the performance metrics used by the Compensation Committee to determine these payments.
- Review the full fiscal year 2010 financial statements (10-K) for context on the company-wide performance cited.