Federal Signal appoints Patrick E. Miller, CVGI CEO, to board of directors
Federal Signal expanded its board from seven to eight directors and appointed Patrick E. Miller, the President and CEO of Commercial Vehicle Group, effective December 17, 2018. Miller will sit on the Audit Committee. The filing also discloses an amended performance share unit award for Robert E. Fines, which extends his performance period through December 31, 2020 without changing the number of units.
- Board increased from seven to eight directors; Miller appointed effective December 17, 2018
- Miller's compensation: $65,000 annual base retainer, $9,000 Audit Committee retainer, and a $100,000 annual equity award beginning in 2019
- Company has bought parts from CVGI for less than $200,000 in aggregate to date in 2018, which the Audit Committee reviewed
- Fines' performance share unit agreement amended effective December 20, 2018; performance period extended through December 31, 2020; unit count unchanged at 40,961