UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

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FORM 8-K

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CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported)   February 13, 2007

 

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TENNANT COMPANY

(Exact name of registrant as specified in its charter)

 

 

 

 

 

Registrant’s telephone number, including area code   (763) 540-1200

 

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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On February 20, 2007, Tennant Company (the “Company”) issued the news release that is attached hereto as Exhibit 99.1 and incorporated herein by reference.

 

 

Election of William F. Austen to Board of Directors

 

As previously disclosed, William F. Austen joined the Company’s board of directors effective February 14, 2007. Mr. Austen joined the class of directors whose terms expire at the 2007 annual meeting of shareholders. Mr. Austen was appointed to serve as a member of the Compensation Committee and the Executive Committee of the board of directors. A copy of the press release announcing Mr. Austen’s election to the board of directors is attached as Exhibit 99.2 and is incorporated herein by reference.

 

Mr. Austen will receive the standard non-employee director compensation, the terms of which have previously been disclosed.

 

Approval of Targets for Long-Term Incentive Plan and Short-Term Incentive Plan

 

On February 13, 2007, the Compensation Committee (the “Committee”) of the Company approved the following:

 

Awards Under Long-Term Incentive Plan 2007. The Committee approved targets for awards under the Long-Term Incentive Plan for 2007. Targets for the executive officers of Tennant Company who will be identified as “named executive officers” in the proxy statement for the 2007 Annual Meeting of Shareholders are as follows:

 

 

Awards Under Short-Term Incentive Plan 2007. The Committee approved targets for awards under the Short-Term Incentive Plan for 2007. Targets for such named executive officers are as follows:

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Descriptions of the Long-Term Incentive Plan for 2007 and the Short-Term Incentive Plan for 2007 were included in a Current Report on Form 8-K filed on December 22, 2006.

 

 

 

 

 

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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, thereunto duly authorized.

 

 

 

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EXHIBIT INDEX

 

 

 

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