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 12, 2018
MOHAWK INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
Delaware | 01-13697 | 52-1604305 | ||
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||
160 South Industrial Blvd., Calhoun, Georgia | 30701 | |||
(Address of Principal Executive Offices) | (Zip Code) | |||
Registrant’s telephone number, including area code (706) 629-7721
(Former Name or Former Address, if Changed Since Last Report)
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 (see General Instruction A.2. below):
¨ Written communication pursuant to Rule 425 under 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 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act CFR 240.17R 240.13e-4(c))
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
On November 12, 2018, Mohawk Industries, Inc. (the “Company”) announced that Mr. Paul De Cock was promoted to President-Flooring North America. Mr. De Cock previously served as president of the Company’s Flooring Rest of World floor covering division. In that position, Mr. De Cock successfully led businesses in the Company’s major product categories, including carpet, laminate, LVT and wood.
Mr. De Cock has over 20 years of experience in the flooring industry, beginning his career in 1997 with the Unilin Group. Upon the acquisition of Unilin by the Company in 2005, Mr. De Cock became president of Unilin North America. In 2009 he returned to Belgium where he transformed Unilin’s flooring operations from a laminate business into a total hard flooring business with additional product categories and geographies. Mr. De Cock also led Unilin’s expansion into distribution through the acquisition of more than 10 distribution companies worldwide. Recently, he led the Company’s acquisition of Godfrey Hirst, which is the largest carpet manufacturer in Australia and New Zealand.
Mr. Brian Carson, former president of the Company’s Flooring North America segment, will leave the Company on November 12, 2018 to pursue other interests. Mr. Carson’s separation agreement provides that he will receive a payment equal to one year’s cash compensation, in exchange for his release of all potential claims against the Company and an agreement not to compete with the Company and not to solicit employees or customers of the Company. In addition, shares of restricted stock held by Mr. Carson that are scheduled to vest in the future will remain outstanding and continue to vest, provided Mr. Carson complies with the restrictive covenants contained in his separation agreement.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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 hereunto duly authorized.
Mohawk Industries, Inc. | ||||||
Date: | November 13, 2018 | By: | /s/ R. David Patton | |||
R. David Patton | ||||||
V.P.-Business Strategy, General Counsel & Secretary | ||||||
INDEX TO EXHIBITS
Exhibit | |||
99.1 | |||
Exhibit 99.1
NEWS RELEASE | ||||
For Release: Immediately
Contact: Frank H. Boykin, Chief Financial Officer (706) 624-2695
MOHAWK INDUSTRIES NAMES PAUL DE COCK AS PRESIDENT OF FLOORING NORTH AMERICA SEGMENT
Calhoun, Georgia, November 13, 2018 - Mohawk Industries, Inc. (NYSE: MHK) today announced that Paul De Cock has been promoted to President of the company’s Flooring North America segment.
For the past ten years, De Cock has served as president of the floor covering division of the Company’s Flooring Rest of World segment. In that position, he successfully led businesses manufacturing the Company’s major product categories, including carpet, laminate, LVT and wood.
“Paul’s deep understanding of the flooring market derives from more than 20 years of experience in Europe and the U.S., with a history of successfully running plants, large manufacturing operations and a multinational sales organization,” said Jeff Lorberbaum, chairman and CEO of Mohawk Industries. “His experience includes successfully managing a broad product portfolio across many markets as well as delivering strong results in his past role in our U.S. operations.”
After Mohawk’s 2005 acquisition of Unilin, De Cock served as President of the Company’s North American hard surface business, where he grew the Quick-Step brand in the U.S., integrated the 2007 Columbia wood flooring acquisition and increased sales across all channels. After returning to Europe in 2009, De Cock transformed Unilin’s flooring operations from laminate manufacturing into a total hard surface business and expanded direct sales through greenfield and the acquisition of distributors in ten markets worldwide. In 2013, he led the integration of Pergo into Mohawk, improving manufacturing while enhancing the premium brand’s value through performance and design innovation and product extensions. Prior to the Company’s IVC acquisition, De Cock and his team designed and installed the first automated LVT line in Europe. Most recently, he managed the acquisition of Godfrey Hirst, the largest carpet manufacturer in Australia and New Zealand, and the subsequent consolidation with Mohawk-owned distributors in those markets.
Brian Carson, former president of the Company’s Flooring North America segment, will leave the Company on November 12, 2018 to pursue other interests.