SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Section 5 – Corporate Governance and Management
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 30, 2020, Terence R. Rogers was appointed and agreed to serve as the interim Chief Financial Officer of FreightCar America, Inc. (the “Company”) for a term of four months beginning on January 5, 2021. Until January 31, 2021, Mr. Rogers will serve concurrently with Christopher Eppel, who, as previously disclosed, will step down from his role as the Company’s Vice President Finance, Chief Financial Officer, Treasurer and Corporate Secretary effective January 31, 2021. Mr. Rogers will also serve as the Company’s principal accounting officer.
Mr. Rogers, age 61, most recently served as Executive Vice President and Chief Financial Officer of Roadrunner Transportation Systems from May 2017 to August 2019. Prior to that, Mr. Rogers was Executive Vice President and Chief Financial Officer at The Heico Companies LLC from April 2012 to February 2017. Earlier in his career, Mr. Rogers worked for Ryerson in various financial and accounting positions, culminating in a five-year stint as Executive Vice President and Chief Financial Officer. Mr. Rogers earned an MBA from Stephen M. Ross School of Business at the University of Michigan in 1987 and a BS in Accounting from Illinois State University in 1982. He is a Certified Public Accountant.
In connection with Mr. Rogers’s appointment as interim Chief Financial Officer, the Company entered into an agreement with Mr. Rogers and Rogers Luecke Advisory, LLC whereby it agreed to pay Rogers Luecke Advisory, LLC, which employs Mr. Rogers, a monthly fee of $40,000.00 (prorated for partial months and as appropriate for any time off taken) for the four-month term of the agreement (the “Rogers Agreement”). The foregoing summary of the Rogers Agreement is qualified in its entirety by reference to its full text, a copy of which will be filed as an exhibit to the Company’s Annual Report on Form 10-K for the year 2020.
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
FreightCar America, Inc.
|Date: January 6, 2021||By:||/s/ James R. Meyer|
|Name:||James R. Meyer|
|Title:||President and Chief Executive Officer|