American Railcar Industries 8-K Filing Shows CFO To Retire Effective Dec 31

On December 9, 2015, Umesh Choksi, Senior Vice President, Chief Financial Officer and Treasurer of American Railcar Industries, Inc. (ARI or the Company) announced his retirement, effective December 31, 2015, and Luke M. Williams was appointed as Interim Senior Vice President, Interim Chief Financial Officer and Interim Treasurer of ARI, effective as of January 1, 2016. Mr. Williams, 37, has previously served the Company as Vice President Finance and Chief Accounting Officer from March 2015 to December 2015; Director of Financial Reporting from June 2008 to March 2015 and Manager of Financial Reporting from June 2006 to June 2008. In these roles, Mr. Williams has overseen or been responsible for various matters including financing/treasury functions, financial planning and analysis, investor relations, SEC reporting and compliance, plant accounting operations and other accounting matters. Prior to joining the Company, Mr. Williams was employed by Ernst & Young LLP, an international accounting firm, where he held various audit roles over a period of five years. Mr. Williams holds an M.S. and B.S. in Accounting from the University of Illinois and is a Certified Public Accountant. In connection with his new appointment and effective as of January 1, 2016, Mr. Williams will receive a base salary at an annualized rate of $170,000. Mr. Williams is also eligible to receive a target bonus of 40% of his base salary, subject to the terms of the Company's management incentive plan. Mr. Williams is also eligible to participate in the Company's long term incentive plan (administered pursuant to the Company's amended and restated 2005 Equity Incentive Plan) with a target percentage of 75% of his annual base salary. Mr. Williams is eligible to participate in the Company's benefit plans, subject to the terms thereof.