Kennametal Inc. 8-K
 

 
 
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): December 2, 2007
 
Kennametal Inc.
(Exact name of registrant as specified in its charter)
 
         
Pennsylvania   1-5318   25-0900168
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)
     
World Headquarters
1600 Technology Way
P.O. Box 231
Latrobe, Pennsylvania
  15650-0231
(Address of principal executive offices)   (Zip code)
Registrant’s telephone number, including area code:
(724) 539-5000
Not applicable
(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):
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))
 
 


 

TABLE OF CONTENTS
Item 8.01 Other Events.
Item 9.01 Financial Statements and Exhibits.


 

Item 8.01 Other Events.
Chairman of the Board and Lead Director
     At its December 2, 2007 meeting, the Board of Directors elected Carlos M. Cardoso, the Company’s President and Chief Executive Officer, to serve as Chairman of the Board. Mr. Cardoso will assume the Chairmanship effective as of January 1, 2008. In addition, the Board designated Larry D. Yost, who has served as the Chairman of the Board since January 1, 2007, as the Lead Director. Mr. Yost will assume the Lead Directorship effective January 1, 2008 and will continue to serve as the Chairman of the Nominating/Corporate Governance Committee.
Other Matters
     On December 5, 2007, the Company issued a press release announcing the election of Mr. Cardoso as Chairman of the Board and the designation of Mr. Yost as the Lead Director, both effective as of January 1, 2008. A copy of this press release is included herein as Exhibit 99.1, and is incorporated by reference into this Item 8.01.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1    Press Release dated December 5, 2007 re: Chairman of the Board and Lead Director


 

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.
           
 
      KENNAMETAL INC.
 
       
 
      Registrant
 
       
 
       
Date: December 5, 2007
  By:   /s/ David W. Greenfield
 
       
 
      David W. Greenfield
Vice President, Secretary
and General Counsel
EX-99.1
 

Exhibit 99.1
(GRAPHIC)
     
(KENNAMETAL LOGO)    
  Investors Relations
  Contact: Quynh McGuire
  724-539-6559
   
  Media Relations
  Contact: Joy Chandler
  724-539-4618
   
  DATE: December 5, 2007
   
  FOR RELEASE: Immediate
Kennametal Names Carlos M. Cardoso Chairman of the Board:
Larry D. Yost as Lead Director
LATROBE, Pa, December 5, 2007 — Kennametal Inc. (NYSE: KMT) today announced that its Board of Directors has elected Carlos M. Cardoso, the company’s President and CEO, to additionally serve as Chairman of the Board. Mr. Cardoso will assume the Chairmanship effective January 1, 2008. On that date, Larry D. Yost, who has served as Chairman of the Board since January 1, 2007, will become the Lead Director. Mr. Yost will also continue in his responsibilities as Chairman of the Nominating/Corporate Governance Committee.
Mr. Cardoso, recently named one of the best CEOs in the capital goods/industrials category and machinery sector by Institutional Investor Magazine, joined Kennametal Inc. in 2003. Before joining Kennametal, he held executive leadership positions with Flowserve Corporation, Honeywell/AlliedSignal, and Colt Industries. A member of The Stanley Works Board of Directors and of the board of trustees of the Manufacterers Alliance/MAPI, Mr. Cardoso holds a bachelor’s degree in business administration from Fairfield University in Fairfield, Connecticut, and a master’s degree in management from the Hartford Graduate Center.
“Having lived and worked on three continents, Carlos brings a truly global perspective to leading Kennametal,” commented Mr. Yost. “In addition, Carlos has a deep understanding, from the shop floor to the board room, of our industry. We are very pleased to have him as Chairman of the Board and I look forward to continuing to work closely with him as he leads Kennametal to the next level of performance.”

 


 

Kennametal Inc. (NYSE:KMT) is a leading global supplier of tooling, engineered components and advanced materials consumed in production processes. The company improves customers’ competitiveness by providing superior economic returns through the delivery of application knowledge and advanced technology to master the toughest of materials application demands. Companies producing everything from airframes to coal, from medical implants to oil wells and from turbochargers to motorcycle parts recognize Kennametal for extraordinary contributions to their value chains. Customers buy some $2.4 billion annually of Kennametal products and services — delivered by our approximately 14,000 talented employees in over 60 countries — with almost 50 percent of these revenues coming from outside the United States. Visit us at www.kennametal.com. [KMT-G]
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