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Woodward, Inc. – ‘10-K’ for 9/30/16 – ‘EX-10.2’

On:  Wednesday, 11/16/16, at 12:43pm ET   ·   For:  9/30/16   ·   Accession #:  108312-16-38   ·   File #:  0-08408

Previous ‘10-K’:  ‘10-K’ on 11/12/15 for 9/30/15   ·   Next:  ‘10-K’ on 11/13/17 for 9/30/17   ·   Latest:  ‘10-K’ on 11/17/23 for 9/30/23   ·   4 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

11/16/16  Woodward, Inc.                    10-K        9/30/16  150:30M

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.47M 
 2: EX-10.2     Material Contract                                   HTML     42K 
 3: EX-10.20    Material Contract                                   HTML    577K 
 4: EX-10.21    Material Contract                                   HTML    632K 
 5: EX-21.1     Subsidiaries List                                   HTML     50K 
 6: EX-23.1     Consent of Experts or Counsel                       HTML     42K 
 7: EX-31.1     Certification -- §302 - SOA'02                      HTML     52K 
 8: EX-31.2     Certification -- §302 - SOA'02                      HTML     52K 
 9: EX-32.1     Certification -- §906 - SOA'02                      HTML     46K 
16: R1          Document and Entity Information                     HTML     69K 
17: R2          Consolidated Statements of Earnings                 HTML     96K 
18: R3          Consolidated Statements of Comprehensive Earnings   HTML    104K 
19: R4          Consolidated Balance Sheets                         HTML    133K 
20: R5          Consolidated Balance Sheets (Parenthetical)         HTML     64K 
21: R6          Consolidated Statements of Cash Flows               HTML    136K 
22: R7          Consolidated Statements of Stockholders' Equity     HTML    143K 
23: R8          Consolidated Statement of Stockholders' Equity      HTML     46K 
                (Parenthetical)                                                  
24: R9          Operations and summary of significant accounting    HTML    125K 
                policies                                                         
25: R10         New Accounting Standards                            HTML    261K 
26: R11         Earnings Per Share                                  HTML    124K 
27: R12         Joint Venture                                       HTML     57K 
28: R13         Financial Instruments and Fair Value Measurements   HTML    192K 
29: R14         Derivative Instruments and Hedging Activities       HTML     89K 
30: R15         Supplemental Statements of Cash Flows Information   HTML     84K 
31: R16         Inventories                                         HTML     66K 
32: R17         Property, Plant, and Equipment, Net                 HTML    116K 
33: R18         Goodwill                                            HTML     83K 
34: R19         Intangible Assets, Net                              HTML    236K 
35: R20         Credit Facilities, Short-term Borrowings and        HTML    168K 
                Long-term Debt                                                   
36: R21         Accrued Liabilities                                 HTML    118K 
37: R22         Other Liabilities                                   HTML     75K 
38: R23         Other (Income) Expense, Net                         HTML     74K 
39: R24         Income Taxes                                        HTML    263K 
40: R25         Retirement Benefits                                 HTML   1.35M 
41: R26         Stockholders' Equity                                HTML    252K 
42: R27         Commitments and Contingencies                       HTML     97K 
43: R28         Segment Information                                 HTML    288K 
44: R29         Supplemental Quarterly Financial Data (Unaudited)   HTML    250K 
45: R30         Schedule II                                         HTML    117K 
46: R31         Operations and summary of significant accounting    HTML    193K 
                policies (Policy)                                                
47: R32         Operatons and summary of significant accounting     HTML     83K 
                policies (Table)                                                 
48: R33         New accounting standards (Tables)                   HTML    245K 
49: R34         Earnings Per Share (Tables)                         HTML    121K 
50: R35         Financial Instruments and Fair Value Measurements   HTML    181K 
                (Tables)                                                         
51: R36         Derivative Instruments and Hedging Activities       HTML     68K 
                (Tables)                                                         
52: R37         Supplemental Statements of Cash Flows Information   HTML     82K 
                (Tables)                                                         
53: R38         Inventories (Tables)                                HTML     65K 
54: R39         Property, Plant, and Equipment, Net (Tables)        HTML    110K 
55: R40         Goodwill (Tables)                                   HTML     79K 
56: R41         Intangible Assets, Net (Tables)                     HTML    238K 
57: R42         Credit Facilities, Short-term Borrowings and        HTML    145K 
                Long-term Debt (Tables)                                          
58: R43         Accrued Liabilities (Tables)                        HTML    116K 
59: R44         Other Liabilities (Tables)                          HTML     69K 
60: R45         Other (Income) Expense, Net (Tables)                HTML     74K 
61: R46         Income Taxes (Tables)                               HTML    259K 
62: R47         Retirement Benefits (Tables)                        HTML   1.34M 
63: R48         Stockholders' Equity (Tables)                       HTML    250K 
64: R49         Commitments and Contingencies (Tables)              HTML     94K 
65: R50         Segment Information (Tables)                        HTML    278K 
66: R51         Supplemental Quarterly Financial Data (Unaudited)   HTML    244K 
                (Tables)                                                         
67: R52         Schedule II (Tables)                                HTML    111K 
68: R53         Operations and summary of significant accounting    HTML     54K 
                policies (Narrative) (Details)                                   
69: R54         Operations and summary of significant accounting    HTML     65K 
                policies (Schedule of property, plant, and                       
                equipment useful lives) (Details)                                
70: R55         Operations and summary of significant accounting    HTML     53K 
                policies (Schedule of finite-lived intangible                    
                assets useful lives) (Details)                                   
71: R56         Recent Accounting Pronouncements (Narrative)        HTML     49K 
                (Details)                                                        
72: R57         Recent Accounting Pronouncements (Schedule of New   HTML    185K 
                Accounting Pronouncements) (Details)                             
73: R58         Earnings Per Share (Narrative) (Details)            HTML     55K 
74: R59         Earnings Per Share (Reconciliation of Net Earnings  HTML     66K 
                to Net Earnings Per Share Basic and Diluted)                     
                (Details)                                                        
75: R60         Earnings Per Share (Anti-dilutive Stock Options     HTML     47K 
                Excluded from Computation of Earnings Per Share)                 
                (Details)                                                        
76: R61         Earnings Per Share (Schedule of Treasury Stock      HTML     44K 
                Shares Held for Deferred Compensation Included in                
                Basic and Diluted Shares Outstanding) (Details)                  
77: R62         Joint Ventures (Narrative) (Details)                HTML     95K 
78: R63         Financial Instruments and Fair Value Measurements   HTML     49K 
                (Narrative) (Details)                                            
79: R64         Financial Instruments and Fair Value Measurements   HTML     74K 
                (Financial Assets that are Measured at Fair Value                
                on a Recurring Basis) (Details)                                  
80: R65         Financial Instruments and Fair Value Measurements   HTML     59K 
                (Estimated Fair Values of Financial Instruments)                 
                (Details)                                                        
81: R66         Derivative Instruments and Hedging Activities       HTML    100K 
                (Narrative) (Details)                                            
82: R67         Derivative Instruments and Hedging Activities       HTML     51K 
                (Impact of Derivative Instruments on Earnings)                   
                (Details)                                                        
83: R68         Supplemental Statements of Cash Flows Information   HTML     61K 
                (Schedule of Cash Flow Supplemental Disclosures)                 
                (Details)                                                        
84: R69         Inventories (Schedule of Inventories) (Details)     HTML     54K 
85: R70         Property, Plant, and Equipment, Net (Narrative)     HTML     72K 
                (Details)                                                        
86: R71         Property, Plant, and Equipment, Net (Property,      HTML     74K 
                Plant, and Equipment - Net) (Details)                            
87: R72         Goodwill (Narrative) (Details)                      HTML     49K 
88: R73         Goodwill (Goodwill) (Details)                       HTML     50K 
89: R74         Intangible Assets, Net (Schedule of Finite-Lived    HTML     78K 
                Intangible Assets by Major Class) (Details)                      
90: R75         Intangible Assets, Net (Schedule of Finite-Lived    HTML     58K 
                Intangible Assets, Future Amortization Expense)                  
                (Details)                                                        
91: R76         Credit Facilities, Short-term Borrowings            HTML    121K 
                (Narrative) (Details)                                            
92: R77         Long-term Debt (Narrative) (Details)                HTML    181K 
93: R78         Credit Facilities and Short-term Borrowings         HTML     60K 
                (Short-term Borrowings and Availability Under                    
                Various Short-term Credit Facilities) (Details)                  
94: R79         Long-term Debt (Schedule of Long-term Debt)         HTML    109K 
                (Details)                                                        
95: R80         Long-term Debt (Schedule of Future Principal        HTML     61K 
                Payments of Long-term Debt) (Details)                            
96: R81         Accrued Liabilities (Narrative) (Details)           HTML     47K 
97: R82         Accrued Liabilities (Accrued Liabilities)           HTML     78K 
                (Details)                                                        
98: R83         Accrued Liabilities (Warranties) (Details)          HTML     52K 
99: R84         Accrued Liabilities (Loss Reserve Activity)         HTML     50K 
                (Details)                                                        
100: R85         Other Liabilities (Details)                         HTML     61K  
101: R86         Other (Income) Expense, Net (Details)               HTML     57K  
102: R87         Income Taxes (Narrative) (Details)                  HTML     62K  
103: R88         Income Taxes (Components of Income Tax Expense      HTML     65K  
                (Benefit)) (Details)                                             
104: R89         Income Taxes (Earings Before Income Taxes by        HTML     53K  
                Geographical Area) (Details)                                     
105: R90         Income Taxes (Composition of Deferred Income        HTML     92K  
                Taxes) (Details)                                                 
106: R91         Income Taxes (Reconciliation of U.S Statutory Rate  HTML     72K  
                to Effective Tax Rate) (Details)                                 
107: R92         Income Taxes (Reconciliation of the Beginning and   HTML     54K  
                Ending Amounts of Gross Unrecognized Tax Benefits)               
                (Details)                                                        
108: R93         Retirement Benefits (Narrative) (Details)           HTML    178K  
109: R94         Retirement Benefits (Schedule of Costs of           HTML     48K  
                Retirement Plans) (Details)                                      
110: R95         Retirement Benefits (Schedule of Assumptions Used)  HTML     79K  
                (Details)                                                        
111: R96         Retirement Benefits (Schedule of Net Perioodic      HTML     78K  
                Benefit Costs) (Details)                                         
112: R97         Retirement Benefits (Schedule of Changes in         HTML    124K  
                Projected Benefit Obligations, Fair Value of Plan                
                Assets, and Funded Status of Plan) (Details)                     
113: R98         Retirement Benefits (Schedule of Accumulated        HTML     61K  
                Benefit Obligations In Excess of and Less Than                   
                Fair Value of Plan Assets) (Details)                             
114: R99         Retirement Benefits (Schedule of Amounts            HTML     91K  
                Recognized in Balance Sheet and Other                            
                Comprehensive Income (Loss)) (Details)                           
115: R100        Retirement Benefits (Schedule of Changes in         HTML     84K  
                accumulated other comprehensive losses for the                   
                defined benefit plans) (Details)                                 
116: R101        Retirement Benefits (Schedule of Amounts Expected   HTML     50K  
                to be Amortized from Accumulated Other                           
                Comprehensive Income (Loss) and Reported as a                    
                Component of Net Periodic Benefit Cost During the                
                Next Fiscal Year) (Details)                                      
117: R102        Retirement Benefits (Schedule of Expected Benefit   HTML     62K  
                Payments) (Details)                                              
118: R103        Retirement Benefits (Schedule of Allocation of      HTML     70K  
                Plan Assets, Actual and Target Allocations)                      
                (Details)                                                        
119: R104        Retirement Benefits (Schedule of Allocation of      HTML     99K  
                Plan Assets, Fair Value Hierarchy) (Details)                     
120: R105        Retirement Benefits (Schedule of Health Care Cost   HTML     48K  
                Trend Rates) (Details)                                           
121: R106        Retirement Benefits (Schedule of Health Care Costs  HTML     51K  
                Sensitivity) (Details)                                           
122: R107        Retirement Benefits (Schedule of Future             HTML     59K  
                Postretirement Company Contributions) (Details)                  
123: R108        Stockholders' Equity (Equity Narrative) (Details)   HTML     68K  
124: R109        Stockholders' Equity (Stock-Based Compensation      HTML     78K  
                Narrative) (Details)                                             
125: R110        Stockholders' Equity (Dividends Declared and Paid)  HTML     49K  
                (Details)                                                        
126: R111        Stockholders' Equity (Stock-based Compensation      HTML     45K  
                Expense Recognized) (Details)                                    
127: R112        Stockholders' Equity (Schedule of Assumptions Used  HTML     55K  
                in Estimate of Fair Value of Stock Option Awards)                
                (Details)                                                        
128: R113        Stockholders' Equity (Weighted Average Grant Date   HTML     44K  
                Fair Value of Options Granted) (Details)                         
129: R114        Stockholders' Equity (Activity for Stock Option     HTML     61K  
                Awards) (Details)                                                
130: R115        Stockholders' Equity (Changes in Nonvested Stock    HTML     59K  
                Options) (Details)                                               
131: R116        Stockholders' Equity (Stock Options Vested, Or      HTML     73K  
                Expected to Vest and Are Exercisable) (Details)                  
132: R117        Stockholders' Equity (Other Stock Option            HTML     51K  
                Information) (Details)                                           
133: R118        Stockholders' Equity (Changes in Restricted Stock   HTML     54K  
                Awards) (Details)                                                
134: R119        Commitments and Contingencies (Future Minimum       HTML     76K  
                Lease Payments) (Details)                                        
135: R120        Commitments and Contingencies (Rent Expense for     HTML     44K  
                All Operating Leases) (Details)                                  
136: R121        Commitments and Contingencies (Future Minimum       HTML     58K  
                Unconditional Purchase Obligations) (Details)                    
137: R122        Segment Information (Narrative) (Details)           HTML     52K  
138: R123        Segment Information (Consolidated Net Sales and     HTML     64K  
                Earnings by Segment) (Details)                                   
139: R124        Segment Information (Consolidated Total Assets,     HTML     64K  
                Depreciation and Amortization, and Capital                       
                Expenditures by Segment) (Details)                               
140: R125        Segment Information (U.S. Government Related Sales  HTML     77K  
                by Segment) (Details)                                            
141: R126        Segment Information (External Net Sales by          HTML     60K  
                Geographical Area) (Details)                                     
142: R127        Segment Information (Property, Plant, and           HTML     48K  
                Equipment - Net by Geographical Area) (Details)                  
143: R128        Supplemental Quarterly Financial Data (Unaudited)   HTML     43K  
                (Narrative) (Details)                                            
144: R129        Supplemental Quarterly Financial Data (Unaudited)   HTML     71K  
                (Quarterly Financial Information) (Details)                      
145: R130        Supplemental Quarterly Financial Data (Unaudited)   HTML     64K  
                (Quarterly Financial Information - Segment                       
                Reporting) (Details)                                             
146: R131        Schedule II (Details)                               HTML     58K  
147: R9999       Uncategorized Items - wwd-20160930.xml              HTML     45K  
149: XML         IDEA XML File -- Filing Summary                      XML    297K  
148: EXCEL       IDEA Workbook of Financial Reports                  XLSX    188K  
10: EX-101.INS  XBRL Instance -- wwd-20160930                        XML   9.64M 
12: EX-101.CAL  XBRL Calculations -- wwd-20160930_cal                XML    318K 
13: EX-101.DEF  XBRL Definitions -- wwd-20160930_def                 XML   1.23M 
14: EX-101.LAB  XBRL Labels -- wwd-20160930_lab                      XML   2.09M 
15: EX-101.PRE  XBRL Presentations -- wwd-20160930_pre               XML   2.01M 
11: EX-101.SCH  XBRL Schema -- wwd-20160930                          XSD    321K 
150: ZIP         XBRL Zipped Folder -- 0000108312-16-000038-xbrl      Zip    439K  


‘EX-10.2’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 C:   C: 
  WVIP  

Exhibit 10.2

Summary Description of Woodward Variable Incentive Plan

Woodward, Inc. and its wholly owned subsidiaries (the “Company”) has an annual short-term incentive compensation plan, which is provided to most employees of the Company, including but not limited to all Officers, through the Woodward Variable Incentive Plan (the “WVIP”).  The WVIP is designed to be competitive with compensation offerings in our peer comparator group and to align compensation with financial and operational performance drivers that are intended to benefit stockholders.  Specific performance measures under the WVIP may differ for various business or corporate groups and may include but are not limited to the following categories as determined, from time to time, by the Compensation Committee of the Board of Directors:

·

Financial performance metrics, such as cash flow, earnings, revenues, return on invested capital, and total shareholder return, and in each case, as such metrics may be adjusted by the Compensation Committee;

·

Product and operating performance metrics, such as the quality, design, creation, introduction, manufacture or delivery of products. 

The Compensation Committee has discretion to predetermine and/or modify the performance measures and threshold, target and maximum amounts payable under the Plan.  WVIP financial and product and operating performance metrics are generally measured with respect to the full fiscal year actual performance and are subject to approval by the Compensation Committee prior to payout for such fiscal year.





4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/17/23  Woodward, Inc.                    10-K        9/30/23  171:36M                                    Donnelley … Solutions/FA
11/18/22  Woodward, Inc.                    10-K        9/30/22  171:45M                                    ActiveDisclosure/FA
11/19/21  Woodward, Inc.                    10-K        9/30/21  166:36M                                    ActiveDisclosure/FA
11/20/20  Woodward, Inc.                    10-K        9/30/20  180:42M                                    ActiveDisclosure/FA
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Filing Submission 0000108312-16-000038   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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