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KEWAUNEE SCIENTIFIC CORP /DE/ FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) On June 25, 2014, the Board of Directors of Kewaunee Scientific Corporation adopted the Kewaunee Scientific Corporation Fiscal Year 2015 Incentive Bonus Plan (the "Plan") for our President and Chief Executive Officer, and certain managers, including our executive officers ("Eligible Participants"). The Plan provides for a bonus pool and bonus payouts to Eligible Participants equal to a percentage of the Eligible Participant's base salary based upon our or our division's achievement of various levels of earnings for the year (which will affect 75% of the participant's bonus potential) and other conditions described therein (which will affect 25% of the participant's bonus potential), as approved by our Board of Directors. The Plan is a one-year plan for Fiscal Year 2015. A copy of the form of the Kewaunee Scientific Corporation Fiscal Year 2015 Incentive Bonus Plan is filed herewith as Exhibit 10.1 and incorporated by reference herein. Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Kewaunee Scientific Corporation Fiscal Year 2015 Incentive Bonus Plan. Page - 1 -------------------------------------------------------------------------------- |