278 material Form 8-K filings that 243 companies we cover made with the SEC in May 2024, each read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). All of them were written later, when past filings were added: a selection, not every 8-K of the month (see the note below).
Stewart Information Services said Tara Smith resigned as Group President – Agency Services, and it appointed Central States District Manager Iain Bryant to succeed her, effective June 3, 2024. The filing describes the change as consistent with management succession plans and includes no financial results, so it is an administrative leadership change with no stated financial impact.
Tara Smith informed the company on May 23, 2024 of her decision to resign as Group President – Agency Services.
Iain Bryant takes the role effective June 3, 2024, promoted from Central States District Manager in the Agency Services division.
Bryant joined Stewart in 2021 through the A.S.K. Services acquisition and oversees products for independent Agent partners in 17 states.
CEO Fred Eppinger said Smith has accepted a position outside Stewart.
LXP Industrial Trust said CFO and Treasurer Beth Boulerice will step down from those roles effective March 1, 2025, and remain an Executive Vice President advising the CEO. Nathan Brunner, a former J.P. Morgan real estate investment banker, was named Executive Vice President of Capital Markets and will succeed her as CFO and Treasurer on March 1, 2025, giving shareholders a planned leadership transition with a stated timeline.
Beth Boulerice steps down as CFO and Treasurer effective March 1, 2025, and continues as an Executive Vice President.
Nathan Brunner, age 41, starts as Executive Vice President of Capital Markets on September 1, 2024, and becomes CFO and Treasurer on March 1, 2025.
Boulerice's amended and restated severance agreement expires March 1, 2027, and adjusts the severance calculation for terminations after June 30, 2025.
Envista Holdings disclosed that Eric Conley, SVP and President of Orthodontics, will step down effective June 3, 2024 to pursue another opportunity. The company said the decision was not the result of any disagreement with the company.
Eric Conley notified Envista on May 27, 2024 that he will step down as SVP and President, Orthodontics.
His departure takes effect June 3, 2024.
Conley is leaving to pursue another opportunity; the filing states no disagreement with the company.
Cummins Inc. said senior vice president Tony Satterthwaite will retire, effective September 15, 2024, after 36 years in leadership positions with the company. The filing reports a departure of a senior executive but no change to financial results, guidance or the company's leadership at the chief executive level.
Senior Vice President Tony Satterthwaite will retire effective September 15, 2024.
Satterthwaite joined Cummins in 1988 and has held sales, regional and business leadership roles, including President and Chief Operating Officer and Vice Chairman.
Chair and CEO Jennifer Rumsey praised his leadership, including his role during the COVID-19 pandemic.
The announcement was made in a press release dated May 30, 2024, filed as Exhibit 99.
Banner Bank Executive Vice President Jim Costa was promoted to Chief Operating Officer of Banner Bank, effective May 26, 2024, while keeping his role as Chief Risk Officer. The company said the change realigns reporting structure, bringing technology, operations and risk management teams together. The filing also sets out his pay and a possible equity award, which may matter to shareholders as executive compensation.
Jim Costa, age 56, joined Banner Bank as Executive Vice President and Chief Risk Officer in October 2021; the promotion took effect May 26, 2024.
Annual salary of $500,000, with a short-term incentive target of 65% of eligible earnings and a long-term incentive target of 80% of base salary.
Relocation package valued at up to $200,000 plus tax gross-up amounts, tied to his move to Washington state.
He may receive restricted stock units or equivalent cash valued at up to $300,000, with the amount to be set by the end of October 2024.
Northern Trust Corporation elected Chandra Dhandapani as a director of the corporation and of its principal subsidiary, The Northern Trust Company, effective May 29, 2024. She previously was a senior advisor at CBRE Group and earlier held technology and operations roles at Capital One Financial, and she will receive prorated director equity awards through the 2025 Annual Meeting.
Board election effective May 29, 2024; also elected to The Northern Trust Company board
Committee assignments have not yet been determined by the board
Compensation includes prorated equity awards through the 2025 Annual Meeting of Stockholders, under the non-employee director plan
Previously served as CEO of CBRE's Global Workplace Solutions segment and spent 17 years at Capital One Financial
UiPath said CEO Robert Enslin resigned from the board and as CEO, effective June 1, 2024, and that the company's founder, Daniel Dines, was appointed CEO as of the same date. The filing states Enslin's resignation is not the result of any disagreement with the company, and he will provide transition support through September 27, 2024. For shareholders, this is a change in top executive leadership, with Dines, who previously served as co-CEO and was the company's original CEO, returning to the role.
Robert Enslin resigned as director and CEO effective June 1, 2024; he will not stand for re-election at the June 20, 2024 annual meeting
Daniel Dines, 52, founder and Chairman, appointed CEO effective June 1, 2024 and will continue to lead product and engineering teams
Enslin's advisor agreement runs through September 27, 2024 at $7,500 per week
Payoneer announced that Chief Operating Officer Arnon Kraft is expected to leave the role on June 30, 2024, with his employment continuing in a non-executive capacity through March 31, 2025. The separation agreement sets out salary continuation, a bonus eligibility of seventy-five percent of his 2024 target, and restrictive covenants, which matters to shareholders as a change in the company's senior operations leadership.
Arnon Kraft expected to cease serving as Chief Operating Officer on June 30, 2024
Kraft remains employed as a non-executive employee through March 31, 2025, including supporting transition activities
Separation terms include eligibility for 75% of his 2024 target annual bonus and continued equity vesting through the departure date
Payments are conditioned on a release of claims and restrictive covenants, including 6-month non-compete and 12-month non-solicitation
First Financial Bankshares named Sally Pope Davis to its Board of Directors and the board of First Financial Bank, N.A., effective with the May 20, 2024 board action. Davis retired from Goldman Sachs in April 2024 after a 34-year career, including co-leading a U.S. small cap value fund at Goldman Sachs Asset Management. The filing describes a board addition with no financial results or operating changes reported.
Board appointment made May 20, 2024, with a press release issued the same day
Davis retired from Goldman Sachs in April 2024 after a 34-year career at the firm
Davis will be compensated under the existing non-employee director compensation programs described in the March 14, 2024 proxy statement
The filing states no arrangements or understandings with other persons for her appointment and no related-party transactions requiring disclosure
On May 22, 2024, Hasbro entered an amended and restated employment agreement with CEO Christian P. Cocks that extends his employment term to December 31, 2027 and raises his target annual bonus from 150% to 175% of base salary. The filing also expands his severance terms if he is terminated without Cause or resigns for Good Reason within 24 months after a change in control.
Term extended to December 31, 2027, with automatic one-year renewals unless notice of non-renewal is given
Target annual management incentive bonus increased from 150% to 175% of base salary
After a change in control, a termination without Cause or resignation for Good Reason within 24 months triggers a lump sum of three times base salary plus target bonus
Allient Inc. announced that James A. Michaud will become its Senior Vice President and Chief Financial Officer effective June 3, 2024. He enters an employment agreement with a $375,000 base salary, with severance and change-in-control terms that apply if he is terminated.
Appointment effective June 3, 2024; announced May 22, 2024
Base salary of $375,000 per year under the employment agreement, subject to annual merit review
Involuntary termination without cause or for good reason pays 100% of base salary; a change in control adds 100% of base salary plus target bonus, an extra target bonus amount, and monthly salary payments for 24 months
Michaud previously was CFO of Elior North America and a senior finance executive at Delaware North and other companies
NBT Bancorp completed its leadership transition on May 21, 2024, with Scott A. Kingsley succeeding John H. Watt, Jr. as President and Chief Executive Officer. The company also signed new employment agreements with Kingsley, Annette L. Burns (Chief Financial Officer) and Joseph R. Stagliano, and said Watt will retire on January 31, 2025. The filing also reports shareholder approval of directors, pay and a 2024 incentive plan, and a second-quarter dividend of $0.32 per share.
Kingsley became President and CEO on May 21, 2024; he was also elected to the Board, and Watt moves to an advisory role until he retires on January 31, 2025
Kingsley's annual base salary is $800,000; Burns's is $400,000; Stagliano's is $530,000
Shareholders approved the 2024 Omnibus Incentive Plan and the advisory vote on executive pay at the May 21, 2024 Annual Meeting
Board approved a second-quarter cash dividend of $0.32 per share, payable June 17, 2024 to holders of record on June 3, 2024
Hayward Holdings disclosed that Fernando Blasco will no longer serve as VP and General Manager, Europe & Rest of World, effective May 20, 2024, and will remain an employee through June 14, 2024 for an orderly transition. Severance is conditional on his signing a release of claims and is described in the company's April 17, 2024 proxy statement, which the filing incorporates by reference. The filing is a routine executive departure and gives no financial figures.
Fernando Blasco ceases as VP and General Manager, Europe & Rest of World, effective May 20, 2024
The company determined the change on May 17, 2024
Blasco stays on as an employee through June 14, 2024 to handle the transition
Severance requires a release of claims; terms are described in the April 17, 2024 proxy statement
Cirrus Logic said director Timothy R. Dehne will not stand for reelection at the 2024 Annual Meeting on July 26, 2024, and that the board nominated William D. Mosley, CEO of Seagate Technology, to fill the seat. The company will reduce the board to seven directors effective at the annual meeting, and Dehne's decision was not tied to any disagreement with management or the board.
Timothy R. Dehne informed the company on May 17, 2024 that he will retire from the board and remain a director until the 2024 Annual Meeting on July 26, 2024
William D. Mosley, CEO of Seagate Technology since October 2017, nominated for election at the 2024 Annual Meeting
Board size will be reduced from eight to seven directors effective at the 2024 Annual Meeting
WSFS Financial Corporation announced that David Burg, formerly Head of Strategy and Execution for Legacy Franchises at Citigroup, will join as Executive Vice President and Chief Financial Officer effective August 15, 2024. Arthur J. Bacci, currently Chief Wealth Officer and Interim CFO, will become Chief Operating Officer on the same date, and Jamie P. Hopkins will be elevated to Chief Wealth Officer. The filing describes these changes as part of succession planning, and the filing does not report financial results.
David Burg's annual base salary is $575,000, with a sign-on cash bonus of $575,000 and time-based RSUs valued at $600,000 and $800,000.
Arthur J. Bacci's base salary will increase to $597,000 in his new Chief Operating Officer role.
Burg's appointment is expected to take effect August 15, 2024.
Jamie P. Hopkins, who joined WSFS in October 2023, will become Executive Vice President, Chief Wealth Officer.
Park National Corporation's board increased its size from thirteen to fifteen directors and appointed Karen A. Morrison and Kelly K. Gratz to fill the two new seats, effective July 1, 2024. The board said both qualify as independent directors under NYSE rules, and both will serve on the Risk Committee and on the board of Park National Bank.
Appointments take effect July 1, 2024; the board size rises from thirteen to fifteen directors.
Morrison's term expires at the 2026 annual meeting of shareholders; Gratz's term expires at the 2027 annual meeting.
Both directors will serve on the board's Risk Committee and on the Park National Bank board.
The board determined both are independent under NYSE rules; the filing notes they and their affiliates have banking relationships with the Bank in the ordinary course of business.
Alarm.com named Cecile B. Harper as a Class III director and a member of its Nominating and Corporate Governance Committee, effective May 17, 2024. Harper is currently CFO and COO of the College Foundation of the University of Virginia, and previously spent 26 years at Southeastern Asset Management; the filing describes her role as routine board appointment with standard non-employee director pay.
Cecile B. Harper appointed May 16, 2024 as Class III director, effective May 17, 2024
Joins Nominating and Corporate Governance Committee; board determined she meets independence requirements for that committee
Term expires at the 2024 Annual Meeting of Stockholders; she receives standard non-employee director compensation, prorated for 2024
Banc of California dismissed KPMG LLP as its independent auditor, effective immediately, and engaged Ernst & Young LLP for the year ending December 31, 2024. The company also signed an amended and restated employment agreement with CEO Jared M. Wolff, which includes a $2.2 million cash retention bonus and larger severance terms.
KPMG dismissal approved by the Audit Committee on May 14, 2024; KPMG's audit reports for 2022 and 2023 contained no adverse opinion, disclaimer, or qualification
EY approved on May 14, 2024 as the new auditor for the year ending December 31, 2024
Wolff's new agreement, effective May 17, 2024, has a three-year term, a 150% annual bonus target, and a $2.2 million retention bonus payable within 15 days
Severance is two times salary plus target bonus, or three times if the termination occurs within six months before or two years after a change of control
Lear Corporation said Carl A. Esposito became Senior Vice President, IDEA by Lear, effective May 16, 2024, and Nicholas J. Roelli became Senior Vice President and President, E-Systems, succeeding Esposito. The filing also reports the results of the May 16, 2024 annual meeting, where shareholders elected 10 directors and voted on an advisory basis on executive compensation. The company describes IDEA by Lear as the next phase of its strategy to drive growth and improve profitability, but the filing does not disclose new financial results.
Carl A. Esposito, previously Senior Vice President and President, E-Systems, named Senior Vice President, IDEA by Lear, effective May 16, 2024
Nicholas J. Roelli, previously Vice President of Seating, North America, named Senior Vice President and President, E-Systems; annual base salary of $650,000
Roelli's agreement provides severance of a lump sum equal to two times annualized base salary plus target bonus, plus two years of welfare benefits, on termination without Cause or for Good Reason
Advisory vote on executive compensation at the May 16, 2024 annual meeting: 46,865,658 shares for and 5,072,563 against
Stride said director Craig Barrett will not stand for re-election and will retire from the board and as Chair at the 2024 annual meeting, with his decision not related to any disagreement with the company. CEO James Rhyu will succeed him as Chair and Steven Fink will become lead independent director, both effective at the conclusion of that meeting; the board will also shrink to eight directors.
Dr. Craig R. Barrett notified the company on May 15, 2024 that he will retire from the board and as Chair at the 2024 annual meeting
James J. Rhyu, the current CEO, will become Chair of the Board; Steven B. Fink will become lead independent director
Board size will decrease to eight directors effective at the conclusion of the 2024 annual meeting
Cirrus Logic said Chief Financial Officer Venk Nathamuni will resign effective May 24, 2024, to pursue other professional opportunities outside the semiconductor industry. The Board appointed Ulf Habermann, the company's Principal Accounting Officer, as interim CFO while the company searches for a permanent successor, which matters to shareholders because it changes the company's finance leadership during the search.
Nathamuni gave notice on May 11, 2024; his resignation takes effect May 24, 2024.
The company states the departure is not the result of any disagreement with the company or its Board on operations, financial reporting, policies, or practices.
On May 14, 2024, the Board appointed Habermann as interim CFO, and he will also continue as Principal Accounting Officer.
Habermann has been with the company since February 2002; no new compensatory arrangements were entered into for his interim role.
Texas Capital Bancshares elected Mark Midkiff, former chief risk officer at KeyCorp, to its Board of Directors effective June 1, 2024, and he will also join the Board's Risk Committee. The filing describes him as bringing over thirty years of risk management experience and says he qualifies as independent under Nasdaq rules.
Board elected Mark Midkiff on May 10, 2024; service begins June 1, 2024
Midkiff will serve on the Board's Risk Committee
Previously chief risk officer at KeyCorp from 2018 until December 2023, then in a transition role until his retirement earlier in 2024
Compensation will match other non-management directors, per the 2024 proxy statement filed March 7, 2024
Tennant Company elected Mark W. Sheahan, President and CEO of Graco Inc., to its Board of Directors effective May 15, 2024, and appointed him to the Audit and Executive Committees. The filing describes a board appointment with standard non-employee director compensation, not a change in financial results or guidance.
Board elected Mark W. Sheahan on May 13, 2024, effective May 15, 2024
Sheahan joins the Audit Committee and Executive Committee and will stand for re-election at the 2025 annual meeting as a Class II director
He will receive standard non-employee director compensation, pro-rated from election until the 2025 annual meeting, as disclosed in the March 21, 2024 proxy statement
Allstate appointed Eric K. Ferren as Senior Vice President, Controller and Chief Accounting Officer, succeeding John C. Pintozzi, who moves to a special projects role. The change affects who signs the company's accounting, and the filing sets out Ferren's base salary and equity terms, which is a routine executive transition for shareholders.
Ferren takes over as controller and principal accounting officer effective May 20, 2024, succeeding John C. Pintozzi
Ferren's annual base salary is $445,000, with a 50% target for discretionary cash incentives
Ferren receives a sign-on equity award with a grant date fair value of $625,000 in RSUs, vesting 100% on the third anniversary of grant, to offset equity forfeited from his April 2024 departure
Berkshire Hills Bancorp said CFO R. David Rosato will step down to pursue other interests, remaining with the company through June 14, 2024. Brett Brbovic, currently Chief Accounting Officer, will become Executive Vice President and Chief Financial Officer on June 14, 2024, and will also keep the Chief Accounting Officer role. The filing does not report any financial results or guidance tied to the change.
Rosato remains with the company through June 14, 2024 while his responsibilities transition to Brbovic.
Brbovic, 43, becomes EVP and CFO effective June 14, 2024, and continues as Chief Accounting Officer.
Brbovic's annual base salary as CFO will be $325,000, with severance rights under the Berkshire Bank Enhanced Change in Control Severance Plan.
Brbovic joined from KPMG LLP in 2012, has been Chief Accounting Officer since 2015, and served as interim CFO from October 7, 2022, to February 6, 2023.
Home BancShares announced management changes effective May 13, 2024: J. Stephen Tipton becomes CEO of Centennial Bank and Kevin D. Hester becomes President of the Company and Centennial Bank. John W. Allison remains Executive Chairman and CEO of the Company, and Tracy M. French remains Chairman of Centennial Bank. The filing gives no financial results, so the change is an organizational one; it sets out pay for the new roles.
Tipton named CEO of Centennial Bank; annual salary $560,240 and a 100,000-share restricted stock award vesting over four years
Hester named President of the Company and Centennial Bank, keeping his Chief Lending Officer role; annual salary $539,371 and a 100,000-share restricted stock award vesting over four years
Allison stays as Executive Chairman and CEO of the Company; French stays as Chairman of Centennial Bank, with a focus on special projects
Changes were approved May 13, 2024 and announced in a press release dated May 14, 2024
Saia appointed Matthew Batteh as Executive Vice President, Chief Financial Officer and Secretary, effective May 13, 2024, succeeding Douglas Col, who previously announced his retirement. Batteh has been with Saia since 2015 and most recently served as Vice President of Finance, so the change is an internal promotion. The filing describes his base salary, incentive targets and equity grant, along with severance and change-of-control terms.
Matthew Batteh, age 35, promoted to CFO effective May 13, 2024, per the 8-K; Douglas Col is retiring after having been CFO since January 2020
Base salary of $435,000; target bonus 75 percent of salary, maximum 150 percent
Restricted stock grant of 1,364 shares, vesting 25 percent in 2027, 25 percent in 2028 and 50 percent in 2029, with immediate vesting on a change of control
Executive Severance Agreement pays two times highest 12-month compensation if terminated within two years after a change of control
Stephen E. Kuczynski, Chairman and Chief Executive Officer of Southern Nuclear Operating Company, notified the company on May 7, 2024, that he will retire effective June 28, 2024. He is also a named executive officer of The Southern Company, so the change affects a senior leadership role at the parent's nuclear subsidiary. The filing does not name a successor or describe any financial effect.
Kuczynski notified Southern Nuclear of his retirement on May 7, 2024.
Retirement is effective June 28, 2024.
Kuczynski is Chairman and CEO of Southern Nuclear and a named executive officer of The Southern Company.
A. O. Smith said Senior Vice President - Human Resources and Public Affairs Mark Petrarca will retire effective August 1, 2024, after 25 years with the company. The filing does not name a successor or describe the reasons for the retirement.
Mark Petrarca, SVP Human Resources and Public Affairs, retires effective August 1, 2024
Petrarca has 25 years of service with the company
Announced May 9, 2024; the filing names no successor
At its May 9, 2024 annual meeting, Axcelis stockholders re-elected the board, approved an amendment to the charter on officer liability, ratified Ernst & Young as auditor, and passed an advisory vote on executive pay. Mary G. Puma resigned as Executive Chairperson effective at the meeting and will continue as an Executive Advisor, and the board named Jorge Titinger Non-Executive Chairperson.
Mary G. Puma resigned as Executive Chairperson effective at the May 9, 2024 annual meeting and will continue as Executive Advisor under her February 24, 2023 employment agreement.
Jorge Titinger was elected Non-Executive Chairperson of the Board on May 9, 2024, and chairs the Compensation Committee.
All nine director nominees were elected, and the charter amendment limiting officer liability under Delaware law was approved, with 23,098,183 votes for.
The advisory say-on-pay proposal passed with 93.82% of votes cast in favor.
BancFirst appointed Hannah Andrus as Executive Vice President, Chief Financial Officer and Treasurer, effective May 8, 2024, replacing Kevin Lawrence, who resigned effective May 7, 2024, to pursue other career interests. The filing sets her base salary at $275,000 and a target annual incentive of 25%, and she was granted 4,000 restricted stock units.
Hannah Andrus, 38, becomes CFO and Treasurer effective May 8, 2024; the board made the appointment on March 28, 2024.
Kevin Lawrence, CFO since April 1, 2015, resigned effective May 7, 2024, to pursue other career interests.
Andrus's compensation: $275,000 annual base salary and a target annual incentive award of 25%.
Andrus was granted 4,000 restricted stock units on March 29, 2024, under the 2023 Restricted Stock Unit Plan.
Equifax appointed Barbara A. Larson, former Workday CFO, as an independent director effective May 1, 2024, expanding the board to ten members, nine of them independent. At its May 2, 2024 annual meeting, shareholders elected all nine director nominees and approved executive pay and the appointment of Ernst & Young LLP on an advisory basis, and the filing reports no financial results or guidance changes.
Barbara A. Larson appointed independent director on May 1, 2024; term runs to the 2025 annual meeting; she will serve on the Audit Committee
Mark W. Begor received 109,022,573 votes for; Mark L. Feidler received 99,478,693 votes for, with 7,525,328 against
Shareholders approved named executive officer compensation with 99,361,137 votes for and 10,166,264 against
Shareholders ratified Ernst & Young LLP as auditor for fiscal 2024 with 109,773,935 votes for and 4,301,402 against
Crocs, Inc. appointed Susan Healy as Executive Vice President and Chief Financial Officer, effective June 3, 2024, reporting to CEO Andrew Rees. Anne Mehlman, the current CFO, moved to Executive Vice President and Crocs Brand President on May 3, 2024, and will remain CFO until Healy starts. The filing does not report any financial results, guidance, or changes to the company's outlook.
Susan Healy, 58, previously served as CFO of IAA, Inc. from September 2021 until March 2023.
Healy's offer letter sets an annual base salary of $750,000, a 100% target annual bonus, and a $2,000,000 equity grant.
Healy's Change in Control Plan severance payment percentage is 200%; relocation benefits are up to $200,000 (gross).
The company reports fiscal first quarter results the same day, Tuesday, May 7, 2024, before the market opens.
On May 6, 2024, Steven Madden entered into an amendment to the employment agreement with Lisa Keith, its Executive Vice President and General Counsel. The amendment cancels restricted stock grants that were scheduled for February 1, 2025 and February 1, 2026, and all other terms of the January 24, 2024 agreement are unchanged. The filing does not state the number of shares involved.
Amendment dated and effective May 6, 2024, to the employment agreement dated January 24, 2024
Cancels restricted stock grants scheduled for February 1, 2025 and February 1, 2026
All other terms of the Keith employment agreement remain unchanged; share counts are not disclosed
Simpson Manufacturing said Executive Vice President of North America Sales Roger Dankel will step down from that role effective December 31, 2024, and remain an Executive Advisor until his retirement on June 30, 2025. At the May 1, 2024 annual meeting, stockholders elected all eight directors and approved the officer liability amendment, the advisory pay vote, and the auditor ratification.
Dankel's base salary continues at an annual rate of $484,100 as Executive Advisor, with equity awards continuing to vest.
Board adopted a Severance Plan effective May 1, 2024, covering vice presidents and above, including executive officers.
Stockholders approved the officer exculpation amendment; the Delaware filing was made May 2, 2024.
Grant Thornton LLP was ratified as independent auditor for fiscal 2024.
Equifax said Executive Vice President and Workforce Solutions President Rodolfo O. Ploder intends to retire, and he will stay in a transition role through September 30, 2024. Chad M. Borton will succeed him in the role effective May 6, 2024. The filing describes an orderly leadership handover for a unit of the company, with no financial results or guidance included.
Rodolfo O. Ploder informed the company of his retirement intention on April 30, 2024.
Ploder remains an employee in a transition role through September 30, 2024.
Chad M. Borton succeeds Ploder as Executive Vice President, President, Workforce Solutions, effective May 6, 2024.
Cohu, Inc. appointed Karen M. Rapp as a Class 1 director effective May 6, 2024, with a term expiring at the 2026 Annual Meeting of Stockholders. Rapp has not been assigned to any Board committees at this time, and the filing states no arrangement or related-party transaction tied to her appointment.
Karen M. Rapp, age 56, appointed as Class 1 director effective May 6, 2024
Term expires at the 2026 Annual Meeting of Stockholders; no committee assignments yet
Previously served as CFO of National Instruments from 2017 through January 2023 and as a director of Microchip Technology and Plexus Corp.
Rapp will receive non-employee director compensation under the proxy statement filed April 22, 2024
The fund's board approved dismissing PricewaterhouseCoopers LLP as its independent registered public accounting firm on April 23, 2024, because PwC will cease to be deemed independent for the fund after April 30, 2024. The filing states PwC's prior reports had no adverse opinion, disclaimer, or qualification, and that there were no disagreements or reportable events; separately, Credit Suisse Asset Management merged into UBS Asset Management (Americas) on May 1, 2024, which became the fund's investment manager.
Board approved dismissal of PwC on April 23, 2024; PwC ceases to be deemed independent for the fund after April 30, 2024
PwC's reports for fiscal years ended October 31, 2023 and 2022 contained no adverse opinion, disclaimer, or qualification
On May 1, 2024, UBS Asset Management (Americas) LLC became the fund's investment manager after the Credit Suisse merger
PwC's letter dated May 2, 2024 is filed as Exhibit 16.1
Dover Corporation announced on May 2, 2024 that Kimberly K. Bors, its Senior Vice President and Chief Human Resources Officer, will leave the company effective July 8, 2024. The filing does not name a successor or include any financial results. For shareholders, the change is a senior executive departure, and the filing states how her severance and equity awards will be handled under existing plans.
Kimberly K. Bors, Senior Vice President and Chief Human Resources Officer, employment ends July 8, 2024
Bors is eligible for benefits under the Company's Executive Severance Plan
Her outstanding equity awards will be treated under the 2021 Omnibus Incentive Plan and the 2012 Equity and Cash Incentive Plan, as applicable
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Briefs marked “Written later” were written in November 2026 for filings that were by then more than three weeks old, so months before mid-October 2026 hold a selection: every material 8-K of the past year for the 100 largest companies we cover and the last 15 important 8-Ks of every other one. Briefs the number check holds back are not shown or counted. Also: the last 45 days, briefs by company, A–Z and the live SEC filings wire.