Graham Corporation (GHM) filed 8-K on Sep 13

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Graham Corporation filed 8-K with SEC. Read (GHM)’s full filing at 000119312519244948.

Item 5.02 Departure of Directors or Certain Executive Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Effective as of September 12, 2019, Graham Corporation (the “Company”) and Jeffrey Glajch entered into the First Amendment (the “Amendment”) to the Amended and Restated Employment Agreement (the “Employment Agreement”) dated as of July 29, 2010. The Amendment increased Mr. Glajch’s annual base salary to $325,000 and changed the period during which Mr. Glajch would receive a continuation of his salary following termination by the Company other than for cause, subject to certain limitations, from twelve months to twenty-four months. No other material amendments were made to the Employment Agreement. The foregoing summary of the Amendment is a summary of its terms, does not purport to be complete, and is qualified in its entirety by reference to the Amendment, a copy of which is being filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. Item 9.01 Financial Statements and Exhibits. (d) Exhibits.

Item 5.02 Departure of Directors or Certain Executive Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Departure of Directors or Certain Executive Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective as of September 12, 2019, Graham Corporation (the “Company”) and Jeffrey Glajch entered into the First Amendment (the “Amendment”) to the Amended and Restated Employment Agreement (the “Employment Agreement”) dated as of July 29, 2010. The Amendment increased Mr. Glajch’s annual base salary to $325,000 and changed the period during which Mr. Glajch would receive a continuation of his salary following termination by the Company other than for cause, subject to certain limitations, from twelve months to twenty-four months. No other material amendments were made to the Employment Agreement.

The foregoing summary of the Amendment is a summary of its terms, does not purport to be complete, and is qualified in its entirety by reference to the Amendment, a copy of which is being filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Exhibit No. Description 10.1 First Amendment to Amended and Restated Employment Agreement effective as of September 12, 2019.

The stock increased 1.74% or $0.33 during the last trading session, reaching $19.33. About 40,733 shares traded or 75.86% up from the average. Graham Corporation (NYSE:GHM) has declined 17.05% since September 14, 2018 and is downtrending. It has underperformed by 17.05% the S&P500.

Graham Corporation, together with its subsidiaries, designs, makes, and supplies vacuum and heat transfer equipment for the chemical, defense, petrochemical, petroleum refining, electric power generation, and other industries worldwide. The company has market cap of $194.19 million. It offers heat transfer equipment, including surface condensers, heliflows, water heaters, and various types of heat exchangers, as well as custom-engineered ejectors; and vacuum equipment, such as steam jet ejector vacuum systems and liquid ring vacuum pumps. It currently has negative earnings. The firm also services and sells spare parts for its equipment; and supplies components used inside reactor vessels and outside containment vessels of nuclear power facilities.

Investors sentiment decreased to 0.97 in 2019 Q2. Its down 0.35, from 1.32 in 2019Q1. It worsened, as 6 investors sold Graham Corporation shares while 25 reduced holdings. 10 funds opened positions while 20 raised stakes. 7.61 million shares or 2.67% more from 7.41 million shares in 2019Q1 were reported.
Jpmorgan Chase Company accumulated 0% or 156,097 shares. Perritt Cap Inc stated it has 0.44% of its portfolio in Graham Corporation (NYSE:GHM). Deutsche Comml Bank Ag has 11,021 shares for 0% of their portfolio. Vanguard has 0% invested in Graham Corporation (NYSE:GHM). State Board Of Administration Of Florida Retirement System reported 0% in Graham Corporation (NYSE:GHM). Bnp Paribas Arbitrage Sa invested in 1,491 shares or 0% of the stock. Walthausen And Limited Liability Company holds 67,090 shares or 0.18% of its portfolio. Moreover, California State Teachers Retirement has 0% invested in Graham Corporation (NYSE:GHM) for 15,009 shares. The Massachusetts-based Panagora Asset has invested 0% in Graham Corporation (NYSE:GHM). Harvey Prns Ltd invested 0.32% of its portfolio in Graham Corporation (NYSE:GHM). Moreover, River And Mercantile Asset Mngmt Llp has 0.23% invested in Graham Corporation (NYSE:GHM) for 82,189 shares. State Street Corporation reported 0% stake. Bridgeway Capital Mngmt owns 0.01% invested in Graham Corporation (NYSE:GHM) for 42,500 shares. Dimensional Fund Advisors Lp invested in 0% or 479,981 shares. Essex Invest Mgmt Lc reported 82,189 shares.

Since August 26, 2019, it had 1 insider buy, and 0 selling transactions for $3,700 activity.

More notable recent Graham Corporation (NYSE:GHM) news were published by: Seekingalpha.com which released: “Graham wins orders for three new crude oil projects – Seeking Alpha” on September 11, 2019, also Finance.Yahoo.com with their article: “Do Investors Have Good Reason To Be Wary Of Graham Corporation’s (NYSE:GHM) 1.9% Dividend Yield? – Yahoo Finance” published on August 04, 2019, Businesswire.com published: “Graham Corporation to Present at Midwest IDEAS Conference – Business Wire” on August 15, 2019. More interesting news about Graham Corporation (NYSE:GHM) were released by: Finance.Yahoo.com and their article: “Could The Graham Corporation (NYSE:GHM) Ownership Structure Tell Us Something Useful? – Yahoo Finance” published on July 04, 2019 as well as Benzinga.com‘s news article titled: “Stocks That Hit 52-Week Lows On Friday – Benzinga” with publication date: August 23, 2019.

Graham Corporation (NYSE:GHM) Institutional Positions Chart

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