Washington, D.C. 20549

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 17, 2024

 

BARNES GROUP INC.

(Exact name of registrant as specified in its charter)

Delaware

(State or other jurisdiction of incorporation)

 

 

Registrant's telephone number, including area code

 

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:

 

 

Securities registered pursuant to Section 12(b) of the Act:

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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As previously reported by Barnes Group Inc. (the “Company”), on September 7, 2023, the Company received notice from Marian Acker, the Company’s Vice President, Controller and Principal Accounting Officer, of her intent to retire effective April 30, 2024 and entered into a transition services agreement (the “Transition Agreement”) governing the terms of Ms. Acker’s continued employment until her retirement and her engagement to provide consulting services as an independent contractor after her retirement for the period from May 1, 2024 until October 31, 2024. The Transition Agreement was filed as Exhibit 10.3 to the Company’s Quarterly Report on Form 10-Q filed on November 8, 2023.

On January 17, 2024, Ms. Acker and the Company entered into an amendment to the Transition Agreement delaying her retirement until April 30, 2025 and the post-retirement consulting period until the period from May 1, 2025 until October 31, 2025. The other terms of the Transition Agreement remain in full force and effect, except that Ms. Acker will continue to participate in the Company’s Management Incentive Compensation Plan for 2024 and the pro-rata portion of 2025 through the new retirement date, and the fee to be paid for Ms. Acker’s consulting services will be equal to her annual base salary as in effect at the time of retirement plus $10,000.

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.

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