March 24, 2020 / 1:08 AM / 18 days ago

BRIEF-Apergy Says Company-Wide Salary Reductions, Including 25% Reduction In CEO's Base Salary

March 23 (Reuters) - Apergy Corp:

* APERGY - IMPLEMENTING IMMEDIATE DOWNTURN CONTINGENCY PLANS EXPECTED TO RESULT IN ABOUT $65 MILLION OF ANNUAL COST SAVINGS TO PRESERVE MARGINS, CASH FLOW

* CAPITAL EXPENDITURES IN 2020 TO BE REDUCED BY APPROXIMATELY 65% FROM 2019

* REDUCTION IN TOTAL APERGY HEADCOUNT

* COMPANY-WIDE SALARY REDUCTIONS, INCLUDING 25% REDUCTION IN CEO’S BASE SALARY Source text for Eikon: Further company coverage:

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