Notice of Non-Renewal of Employment Agreement between Fansteel Inc. and R. Michael McEntee

Contract Categories: Human Resources › Employment Agreements
Summary

Fansteel Inc., through its Board of Directors, notifies R. Michael McEntee, the company's Chief Financial Officer, that his employment agreement dated January 16, 2004, will not be renewed. The contract will expire on January 23, 2008, in accordance with the agreement's automatic renewal provisions. This letter serves as formal notice of non-renewal, and Mr. McEntee is invited to contact the Board with any questions.

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EX-10.1 2 ex10_1.htm EXHIBIT 10.1 ex10_1.htm
Exhibit 10.1
 
LETTER TO VICE PRESIDENT AND CHIEF FINANCIAL OFFICER REGARDING
NON-RENEWAL OF EMPLOYMENT CONTRACT


Jeffrey G. Vogelsang
5537 S. Hyde Park Blvd.
Chicago, IL 60637
(312) 925-9972


August 13, 2007

Mr. R. Michael McEntee
Chief Financial Officer
Fansteel Inc.
570 Lake Cook Road, Suite 200
Deerfield, IL 60015


Dear Mr. McEntee:

I am writing on behalf of the Board of Directors of Fansteel Inc. in regards to your employment agreement dated January 16, 2004. As per the terms of the Amendment, we are providing you with notice of non-renewal under the automatic renewal provisions. With this notice, your existing employment contract will expire on January 23, 2008.

Please feel free to contact myself or any of the Board members if you should have any questions.

Sincerely,


/s/ Jeffrey G. Vogelsang
    
Jeffrey G. Vogelsang
Board Member, Fansteel Inc.