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): March 3, 2004
CHROMCRAFT REVINGTON, INC.
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(Exact name of Registrant as specified in its charter)
Delaware 1-13970 35-1848094
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
1100 North Washington Street
Delphi, Indiana 46923
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(Address of Principal Executive Offices) (Zip Code)
(765) 564-3500
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(Registrant's telephone number, including area code)
Item 5. Other Events and Regulation FD Disclosure
Chromcraft Revington, Inc. (the "Registrant") and Michael E. Thomas, the
Chairman, President and Chief Executive Officer of the Registrant, are parties
to a certain Employment Agreement dated March 31, 1992, as amended (the
"Employment Agreement"), and a certain Supplemental Retirement Benefits
Agreement dated August 21, 1992, as amended (the "SERP Agreement"). The
Employment Agreement includes, among other items, a requirement that the Company
provide Mr. Thomas with a supplemental retirement benefit upon his retirement
from the Company after reaching age 65 and with a certain life insurance
benefit. The SERP Agreement specifies the manner in which such supplemental
retirement and life insurance benefits contemplated by the Employment Agreement
will be provided to Mr. Thomas.
On March 3, 2004, the Registrant and Mr. Thomas entered into a Supplement
to the Employment Agreement and the SERP Agreement which, among other items, (i)
clarifies the calculation, timing and funding of Mr. Thomas' supplemental
retirement benefit, (ii) provides that the Registrant will reimburse Mr. Thomas
for the premiums on additional life insurance covering Mr. Thomas, and (iii)
further amends the Employment Agreement and SERP Agreement.
The Supplement also provides that Mr. Thomas will receive a minimum annual
retirement benefit of $400,000 per year, less certain offsets, regardless of
whether Mr. Thomas retires before or after age 65. As a result, the Registrant
will record a pre-tax charge of approximately $1.1 million in the first quarter
of 2004 to reflect this minimum annual retirement benefit.
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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 hereunto duly authorized.
CHROMCRAFT REVINGTON, INC.
(Registrant)
Date: March 5, 2004 By: /s/ Michael E. Thomas
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Chairman, President and
Chief Executive Officer
By: /s/ Frank T. Kane
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Vice President-Finance and
Chief Financial Officer
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