UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 3, 2007
Federal Signal Corporation
(Exact name of registrant as specified in its charter)
| Delaware | 0-693 | 36-1063330 | ||
| (State or other jurisdiction | (Commission File | (IRS Employer | ||
| of incorporation) | Number) | Identification No.) |
1415 W. 22nd Street, Oak Brook, Illinois 60523
(Address of principal executive offices) (Zip Code)
(Address of principal executive offices) (Zip Code)
(630) 954-2000
(Registrant’s telephone number, including area code)
(Registrant’s telephone number, including area code)
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 1.01 Execution of a material definitive agreement
Mr. Marc F. Gustafson, President, Fire Rescue Group has resigned from the Company. On October 3, 2007 the Company entered into an agreement with Mr. Gustafson which provides that the Company will pay him $498,108 which approximates his annual salary plus annual bonus. This payment is consistent with the Company’s Executive General Severance Plan. The Company will also pay him $95,880 which approximates his prorated targeted bonus for 2007. The Company has also entered into a consulting agreement with Mr. Gustafson. The Company will also provide Mr. Gustafson with subsidized COBRA coverage until the earlier of the a) expiration of eighteen months or b) the date he becomes eligible to receive other insurance coverage. In exchange for the consideration provided by the Company, Mr. Gustafson has executed a release in favor of the Company.
The information in this Current Report is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.
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.
| FEDERAL SIGNAL CORPORATION | ||||
| Dated: October 4, 2007 | By: | /s/ Paul Brown | ||
| Paul Brown | ||||
| Vice President and Controller | ||||