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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported) October 21, 2005
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Twin Disc, Incorporated
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(exact name of registrant as specified in its charter)
WISCONSIN 001-7635 39-0667110
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1328 Racine Street Racine, Wisconsin 53403
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(Address of principal executive offices)
Registrant's telephone number, including area code: (262)638-4000
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Item 1.01 Entry into Material Definitive Agreements
On October 21, 2005, the Company entered into Change in Control Severance
Agreement and Indemnity Agreement with Jeffrey S. Knutson. A copy of the form
of Change in Control Severance Agreement and the Indemnity Agreement entered
into with Mr. Knutson is incorporated by reference to the Form 8-K the Company
filed on August 2, 2005. Mr. Knutson is a participant in the Corporate
Incentive Plan that was discussed in the Company's Form 8-K filed on August 2,
2005.
Item 5.02 Appointment of Principal Officer
On October 21, 2005, Jeffrey Knutson, age 40, was appointed to the office
of Corporate Controller and became a member of the Management Executive
Committee. Mr. Knutson joined Twin Disc, Incorporated, in 2005 as Controller
of its domestic manufacturing operation. Previously Mr. Knutson was at Tower
Automotive, a global designer and producer of vehicle structural components and
assemblies, as the Controller of the Milwaukee Division from 2002 to 2005 and
prior to that at Invensys plc, a global automation, controls and process
solutions group, as Controller of Rexnord Industrial Chain North America since
1998.
(c) Exhibits.
EXHIBIT NUMBER DESCRIPTION
10.1 Form of Change of Control Severance Agreement entered into between
Twin Disc, Incorporated and Jeffrey S. Knutson (Incorporated by
reference to Exhibit 10.3 of the Company's Form 8-K filed on August 2,
2005, SEC File No. 001-07635).
10.2 Form of Change of Indemnity Agreement entered into between Twin Disc,
Incorporated and Jeffrey S. Knutson(Incorporated by reference to
Exhibit 10.5 of the Company's Form 8-K filed on August 2, 2005,
SEC File No. 001-07635).
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SIGNATURE
Pursuant to the requirements of section 13 or 15(d) 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.
Date: October 26, 2005 Twin Disc, Inc.
/s/ Christopher J. Eperjesy
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Christopher J. Eperjesy
VP-Finance, CFO and Secretary