Supreme Industries, Inc. (NYSE Amex: STS), a leading manufacturer of specialized commercial vehicles, including truck bodies, shuttle buses and armored vehicles, today announced the issuance of 6,269 shares of its Class A Common Stock to Kim Korth, 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 July 2011 pursuant to the terms of Ms. Korth’s employment agreement, entered into on Feb. 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 Feb. 22, 2011. The employment agreement was filed as an exhibit to the Current Report on Form 8-K.
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