Supreme Industries, Inc. (NYSE Amex: STS), a leading manufacturer of specialized commercial vehicles, including truck bodies, shuttle buses, armored vehicles, and luxury motorcoaches, today announced the issuance of 7,575 shares of its Class A Common Stock to Kim Korth, the President and Chief Executive Officer of Supreme Industries, Inc. and its wholly owned subsidiary, Supreme Indiana Operations, Inc. The stock grant was made for services performed in March 2011 pursuant to the terms of Ms. Korth’s employment agreement, entered into on February 16, 2011, which provide, among other things, that Ms. Korth shall receive a monthly stock award equal to the number of whole shares that have a fair market value on the grant date equal to approximately $20,000.
The Company previously disclosed entry into the employment agreement with Ms. Korth in a Current Report on Form 8-K filed with the Securities and Exchange Commission on February 22, 2011. The employment agreement was filed as an exhibit to the Current Report on Form 8-K.
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