Exhibit 10.4
FIRST AMENDMENT TO THE SPARTON CORPORATION DEFERRED COMPENSATION PLAN
WHEREAS, Sparton Corporation (the “Company”) adopted the Sparton Corporation
Deferred Compensation Plan (the “Plan”) effective as of January 1, 2014; and
WHEREAS, pursuant to Section 11.10 of the Plan the Company has the authority to
amend the plan to the extent permitted by Internal Revenue Code Section 409A;
and
WHEREAS, the Company does hereby desire to amend the Plan to permit the
discretionary right by the Company to enter into an endorsement split dollar
agreement with certain designated Plan participants; and
WHEREAS, in order to effect a timely establishment and enrollment of these split
dollar agreements for eligible participants along with appropriate
communications the Company does hereby wish to delegate its responsibilities
relating to said tasks.
NOW, THEREFORE, the Plan is hereby amended by adoption of the following
Resolutions:
RESOLVED, that the Plan is hereby amended by incorporation of the following
Section 6.12:
6.12 ENDORSEMENT SPLIT DOLLAR. To the extent deemed appropriate, the Company may
or may not enter into an Endorsement Split Dollar Agreement (the “Agreement”)
providing for additional benefits to the Beneficiary(ies) in the event of the
Participant’s death. Said additional amounts shall not be limited by Section
6.11 hereto. The Company shall retain full discretion to determine the amount of
benefit offered in the Agreement and payable in the event of the Participant’s
death. Furthermore the Company reserves the right to amend or terminate the
Agreement at anytime and for any reason without consent of the Participant. All
benefits and rights under this Section 6.12 shall terminate, if not cancelled
previously, as of the Participant’s separation from service as defined under
Section 409A.
FURTHER RESOLVED, that the Vice President of Human Resource shall be delegated
with the responsibility to carry out such actions necessary to effect the
eligibility, enrollment and communication of the split dollar agreements for
those Participants designated on Exhibit A; and
FURTHER RESOLVED, that this shall become effective as of July 1, 2014.

Signed: __/s/_Steve Korwin_________
Name: __ Steve Korwin____________
Title: _ SVP Quality & Engineering____
Date: ___7/1/2014________________