1,080 material Form 8-K filings that 839 companies we cover made with the SEC in May 2025, 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).
Colgate-Palmolive's board elected Shane Grant, formerly of Group Danone, as Chief Operating Officer, Americas, effective June 16, 2025, with a base salary of $1,100,000 and a target bonus of 115% of salary. The filing also says Prabha Parameswaran will become Vice Chair and retire on October 1, 2025, and names new operating and growth roles for two other executives.
Shane Grant, 50, joins from Group Danone, where he was Group Deputy CEO and CEO Americas; he will report to CEO Noel R. Wallace
Grant's package includes a 90,000-unit restricted stock unit replacement award and a $1,000,000 sign-on bonus plus a $1,500,000 transition allowance
Prabha Parameswaran, Group President, Growth and Strategy, plans to retire October 1, 2025 and becomes Vice Chair effective June 16, 2025
Panagiotis Tsourapas and John Hazlin receive promotions to Chief Operating Officer roles and Chief Growth Officer, respectively, effective June 16, 2025
Maplebear said CEO and President Fidji Simo will resign effective August 15, 2025, to pursue another opportunity, and she will remain Board Chair. Chris Rogers, the company's Chief Business Officer, was appointed CEO and President and a Class II director, effective the same date, with the Board expanding from eight to nine directors. Separately, the Board approved raising the share repurchase authorization to $1 billion from $750 million.
Simo's resignation takes effect August 15, 2025; the filing says it is not due to any disagreement with the company.
Rogers, 46, has been Chief Business Officer since September 2022; his base salary will be CAD $1,370,000 per year.
Rogers's promotion RSUs are targeted at about $15 million in grant value, subject to Board or Compensation Committee approval; Simo's unvested time-vesting awards are forfeited as of the effective date.
The Board raised the buyback authorization to $1 billion on May 22, 2025, with about $218 million of prior capacity remaining as of March 31, 2025.
Elanco Animal Health appointed Robert (Bob) VanHimbergen as Executive Vice President and Chief Financial Officer, effective July 7, 2025, succeeding Todd Young, who stays on as an advisor through August 31, 2025. The company also reconfirmed its second quarter and full year guidance issued on May 7, 2025.
VanHimbergen, age 49, is currently CFO of Hillenbrand, Inc. and previously spent about 15 years at Johnson Controls International plc.
Initial pay includes a $660,000 base salary, a target annual cash incentive of 75% of base salary, and target long-term incentive compensation of $2,645,000.
Make-whole awards include a $890,000 cash bonus subject to partial repayment if he leaves within three years, and restricted stock units with a grant fair value of $1,735,000.
Young's transition terms include continued pay for his advisory role and accelerated vesting of a pro-rata portion of his unvested awards.
Photronics reported fiscal second-quarter 2025 revenue of $211.0 million, down 3% year over year, and GAAP net income attributable to shareholders of $8.9 million, or $0.15 per diluted share, versus $36.3 million a year earlier. CEO Frank Lee stepped down effective with the May 28, 2025 release, and George Macricostas, a board member since 2002, took over as CEO while remaining Chairman; the company plans to amend his employment agreement, with terms to be disclosed later. Third-quarter revenue guidance of $200 million to $208 million is below the second quarter's $211.0 million.
Q2 revenue was $211.0 million, down 3% year over year; GAAP net income attributable to shareholders was $8.9 million, or $0.15 per diluted share, versus $36.3 million, or $0.58, a year earlier.
Non-GAAP diluted EPS was $0.40, compared with $0.46 in the second quarter of 2024.
Q3 fiscal 2025 guidance: revenue of $200 million to $208 million and non-GAAP diluted EPS of $0.35 to $0.41.
Dr. Frank Lee stepped down as CEO and plans to retire in the next year or two; George Macricostas became CEO while remaining Chairman, and Lee remains Chairman and President of PDMC and on the board.
Vertiv said Chief Financial Officer David Fallon will retire once a successor is named and takes the role, expected in the second half of 2025, citing family reasons. Fallon will then consult for the company through December 31, 2026, and the company reaffirmed its second quarter and full year 2025 guidance, which the filing says assumes tariff rates existing as of April 22, 2025.
David Fallon, CFO since 2017, will retire once a successor assumes the role, anticipated in the second half of 2025
Fallon will serve as a consultant through December 31, 2026 under a Transition and Consulting Agreement dated May 28, 2025
Vertiv reaffirmed second quarter and full year 2025 guidance, as disclosed in its first quarter 2025 earnings release issued April 23, 2025
The filing says the equity and incentive changes are expected to have no significant net impact to adjusted operating profit
Vail Resorts' board appointed Executive Chairperson Rob Katz as CEO effective May 22, 2025, succeeding Kirsten Lynch, who also stepped down as a director. The company reaffirmed its fiscal 2025 guidance but now expects Resort Reported EBITDA in the lower half of the range issued March 10, 2025, excluding one-time CEO transition costs. Katz's CEO compensation has not yet been set and will be disclosed in a later amendment.
Katz became CEO effective May 22, 2025; Lynch's departure is treated as a termination without cause.
Fiscal 2025 Resort Reported EBITDA is expected in the lower half of the guidance range issued March 10, 2025, excluding one-time CEO transition costs.
Lynch will provide strategic advisory services through September 26, 2025, and her vested stock appreciation rights must be exercised within 90 days after that date.
Early season pass sales through the May 26, 2025 deadline are consistent with trends given in the April 24, 2025 metrics release.
Marriott Vacations Worldwide appointed Christian A. Asmar, co-founder and Managing Partner of Impactive Capital, to its board of directors under a support agreement with the activist investor. The agreement includes standstill and voting commitments by Impactive, which owns approximately 9.5% of the outstanding shares, and the board will grow to 12 directors.
Christian A. Asmar appointed to the board effective May 27, 2025, and to the Compensation Policy Committee
Impactive Capital owns approximately 9.5% of outstanding shares; standstill runs until 30 days before the 2026 annual meeting advance notice deadline, subject to renomination
Impactive cannot acquire more than 12% of outstanding common stock and agreed to vote for board-nominated directors during the standstill period
Company plans two new ad hoc board committees, one on modernization aimed at revenue growth and cost efficiencies that Asmar will join
Littelfuse said Abhishek Khandelwal, previously CFO of IDEX Corporation, will become Executive Vice President and Chief Financial Officer effective June 18, 2025. Meenal Sethna, the current CFO, will step down from that role on the same date but will remain with the company to support the transition. The filing matters to shareholders because it installs a new principal financial officer and sets his pay and severance terms.
Khandelwal served as Senior Vice President and CFO of IDEX Corporation from November 2023 and was CFO of Multi-Color Corporation from January 2022 through November 2023.
Offer letter sets a $650,000 base salary, an 85% target bonus, and a $250,000 cash sign-on bonus.
Sign-on equity includes performance share units and restricted stock units, each with an approximate value of $1,000,000, based on the June 18, 2025 closing price.
Severance multiple of 1.5 under the Executive Severance Policy and change of control agreement, which runs through December 31, 2026.
EnerSys said David M. Shaffer retired as CEO and director effective May 22, 2025, and Shawn M. O'Connell became President and CEO and a Class III director effective May 23, 2025. The filing also raises O'Connell's base salary and expands his severance terms, which may matter to shareholders as the company's leadership changes.
Shawn M. O'Connell appointed President and CEO effective May 23, 2025, succeeding David M. Shaffer, who retired effective May 22, 2025.
O'Connell's annual base salary increased to $950,000 and his 2026 incentive payout percentage increased to 115% of base salary.
O'Connell's severance agreement was amended to a lump sum of two times his base compensation plus target annual bonus, with COBRA reimbursement extended to two years.
Andrea J. Funk, CFO, received restricted stock units with a fair market value of $1.5 million on May 23, 2025.
ManpowerGroup appointed Becky Frankiewicz as President & Chief Strategy Officer effective June 1, 2025, and named Ger Doyle Regional President, North America, in the same move. The filing discloses no financial results, and it does not state compensation terms for either appointment.
Becky Frankiewicz, 53, becomes President & Chief Strategy Officer effective June 1, 2025; she has been Regional President, North America and Chief Commercial Officer since June 2022
Frankiewicz will lead company strategy, including innovation, commercial strategy and AI across the global enterprise
Ger Doyle succeeds Frankiewicz as Regional President, North America, overseeing all brands across the U.S. and Canada, effective June 1
Ball Corporation said Chief Financial Officer Howard Yu will leave his role effective June 30, 2025, under a mutual agreement, and that Daniel Rabbitt, a senior vice president, will serve as interim CFO until a permanent successor is named. The company reaffirmed its full-year comparable diluted earnings per share growth outlook of 11-14%, which is the main point for shareholders.
Howard Yu's departure as CFO is effective June 30, 2025, under a mutual agreement; he will receive severance consistent with the company's executive severance policy.
Daniel Rabbitt, senior vice president of corporate planning and development since 2016, is interim CFO until a permanent successor is named.
The company reaffirmed its full-year 2025 comparable diluted earnings per share growth outlook of 11-14%.
The company stated the departure is not related to any disagreement on accounting practices, financial statements, internal controls or operations.
Atlantic Union Bankshares said its executive vice president and chief financial officer, Robert M. Gorman, plans to retire. He will stay in the role until his successor is appointed or his retirement date, whichever is earlier, and will then serve in an advisory capacity. The company has started a nationwide search with an executive search firm, and the change in its top finance role is the key item for shareholders to track.
Gorman notified the company of his retirement plan on May 20, 2025.
Retirement is effective on the earlier of a successor's appointment or March 31, 2026.
Gorman has been chief financial officer since 2012.
After a successor is appointed, Gorman will continue in an advisory role to assist with the transition.
Synaptics appointed Rahul Patel, a former Qualcomm and Broadcom executive, as President, Chief Executive Officer and director, effective no later than June 2, 2025. CFO Ken Rizvi, who has been interim CEO since February 2025, will remain CFO. The filing sets out Patel's pay package and severance terms, which shareholders should note as a significant leadership change.
Equity awards are granted July 17, 2025, subject to continued service.
Severance under a change in control is 2 times base salary plus 200% of target bonus, with accelerated vesting of RSUs and PSUs.
Proto Labs' board appointed Suresh Krishna as President and Chief Executive Officer effective May 20, 2025, succeeding Robert Bodor, who left the CEO role and the board. Krishna also joined the board, and the company reaffirmed its second-quarter 2025 outlook. The leadership change is the main news for shareholders, and the company did not change its prior guidance.
Krishna's employment began May 20, 2025; he was CEO of Northern Tool + Equipment from April 2020 to November 2024.
His employment agreement sets an initial base salary of $800,000 and a target bonus of 100% of base salary.
The company reaffirmed Q2 2025 revenue guidance of $124.0 million to $132.0 million and GAAP diluted EPS of $0.11 to $0.19.
MercadoLibre's board approved a leadership transition in which founder Marcos Galperin moves from President and CEO to Executive Chairman, effective January 1, 2026. Ariel Szarfsztejn, currently Commerce President, will become President and CEO on that date. The filing says compensation for both executives has not yet been set and will be disclosed later.
Board approved the change on May 16, 2025; effective date is January 1, 2026.
Marcos Galperin moves from President and CEO to Executive Chairman, described as a more strategic role.
Ariel Szarfsztejn, 43, joined the company in 2017 and will become President and CEO; his compensation has not yet been determined.
IDEX CFO Abhishek Khandelwal will resign effective May 30, 2025, to pursue a new professional opportunity, and the company has retained a search firm for a permanent successor. Vice President of Corporate Development Akhil Mahendra will serve as interim CFO from the same date. The filing says the departure does not stem from any disagreement with auditors or management on accounting or disclosure matters.
Khandelwal notified IDEX of his resignation on May 19, 2025, effective May 30, 2025
Akhil Mahendra, 44, appointed interim CFO on May 20, 2025, while continuing as Vice President, Corporate Development
Mahendra's interim pay includes a restricted stock award with a $500,000 grant date fair value, cliff vesting three years after grant
The filing states the departure involved no disagreement with auditors or management on accounting, disclosure, or internal controls
Metallus Inc. said Kristopher Westbrooks, its chief financial officer since September 2018, will become president and chief operating officer, and John M. Zaranec III, division CFO at Materion Corporation, will become executive vice president and chief financial officer. Both changes take effect June 16, 2025, and both executives will report to CEO Mike Williams. The filing reports no financial results, so shareholders are seeing a change in the company's top finance and operations roles.
Kristopher R. Westbrooks, age 46, appointed president and chief operating officer effective June 16, 2025, with a $625,000 initial base salary and a 85% target annual award opportunity
John M. Zaranec III, age 44, appointed executive vice president and chief financial officer effective June 16, 2025, with a $450,000 initial base salary and a 65% target annual award opportunity
Zaranec to receive a $100,000 sign-on cash bonus and time-based restricted stock units valued at approximately $500,000 on June 16, 2025
Zaranec's severance agreement provides 2 times benefits if terminated within two years after a change in control and 1.5 times if involuntarily terminated without cause otherwise
Principal Financial Group named Joel Pitz executive vice president and chief financial officer, effective immediately, succeeding Deanna Strable, who became president and CEO in January 2025. Pitz had served as interim CFO since August 2024, so the change formalizes an existing role, and the filing discloses his pay and a family relationship with a company accounting employee.
Pitz was named on May 19, 2025, and the appointment was announced in a news release on May 20, 2025.
Pitz will receive an annual base salary of $552,500, a target annual incentive of 200% of base salary, and a long-term incentive target of $2,348,125 in restricted stock units.
Pitz's spouse, Kristine Pitz, is Director, Accounting, and received $225,034 in base salary and bonuses in 2024; the filing says her pay was approved by the independent Human Resources Committee.
H2O America said its Chief Financial Officer, Andrew F. Walters, will become Chief Executive Officer and join the board on July 1, 2025, when Eric W. Thornburg retires as CEO and president. Thornburg will remain Chair of the board, and shareholders approved the board slate, a non-binding pay vote and the auditor ratification at the May 14, 2025 meeting.
Andrew F. Walters, current CFO and Treasurer, becomes CEO and a board member effective July 1, 2025
Eric W. Thornburg retires as CEO and President effective July 1, 2025 and remains Chair of the Board
Shareholders approved all nine director nominees; Thornburg received 3,338,096 Against votes, the most of any nominee
Shareholders ratified Deloitte & Touche LLP as auditor for fiscal 2025 with 31,311,255 For votes
Schrodinger appointed Richie Jain, previously its senior vice president of strategic finance, as executive vice president and chief financial officer effective May 16, 2025. The company said CFO Geoffrey Porges is leaving the role to pursue other opportunities, and he will stay on as an advisor through June 6, 2025 to support the transition.
Richie Jain appointed CFO and Treasurer effective May 16, 2025; base salary $535,000
Jain eligible for a 2025-only target bonus of up to 55% of annualized base salary, prorated
Company expects to grant Jain an option on up to 18,750 shares and 9,375 restricted stock units
Geoffrey Porges separates from CFO role; remains employed as advisor through June 6, 2025
Extra Space Storage said Chief Financial Officer P. Scott Stubbs will retire effective December 31, 2025. The board selected Jeff Norman, the company's Senior Vice President of Capital Markets and Treasury, to succeed him as Executive Vice President and CFO beginning July 1, 2025, a planned transition of the company's top finance role.
Scott Stubbs, CFO since 2011 and with the company for 25 years, retires December 31, 2025.
Jeff Norman, 44, becomes Executive Vice President and CFO on July 1, 2025; he has been with the company since 2012.
Norman's annual base salary will be $450,000, plus a restricted stock grant valued at $300,000 effective July 1, 2025.
Stubbs remains on the Executive Committee until retirement and will work with Norman through December 31, 2025.
Albany International said Chief Financial Officer Robert Starr will leave the role effective May 23, 2025, and that the company has begun a formal search for a successor. Vice President of Investor Relations and Treasurer Jairaj (JC) Chetnani has been appointed interim CFO and interim principal accounting officer. The company said Starr's departure is not related to any disagreement over financial statement disclosures or accounting practices.
Robert Starr resigns as CFO and interim principal accounting officer, effective May 23, 2025; he has been CFO since April 10, 2023
Starr's separation pay is $250,000, with six months of Company-paid COBRA; unvested restricted stock units are forfeited
Jairaj (JC) Chetnani, 54, is appointed interim CFO while a formal search is conducted; his interim base salary is $471,042 per year
Starr told the company he is stepping away to evaluate and pursue other opportunities
Bath & Body Works appointed Daniel Heaf, formerly a leader at Nike, as chief executive effective May 16, 2025, and Gina Boswell left the CEO role and the Board that day. The company also pre-announced preliminary first-quarter results, with net sales up 3% and earnings per diluted share above the prior year, and kept its full-year 2025 outlook unchanged.
Daniel Heaf became CEO effective May 16, 2025, and will join the Board after the 2025 Annual Meeting of Shareholders; Gina Boswell stepped down as CEO and director the same day.
Preliminary first-quarter net sales were $1,424 million, up 3% from the prior year, at the high end of guidance.
Diluted EPS was $0.49, compared with $0.38 a year earlier, above the high end of guidance; results remain subject to closing procedures.
Full-year 2025 guidance was maintained at net sales growth of 1% to 3% and EPS of $3.25 to $3.60, reflecting the initial 10% tariff on goods imported from China.
IES Holdings appointed Matthew Simmes, its President and Chief Operating Officer, as President and Chief Executive Officer effective July 1, 2025, succeeding Jeffrey Gendell, who will become Executive Chairman. Simmes will also join the Board, and the company says the change follows its executive succession plan. The filing does not yet state Simmes' or Gendell's compensation changes.
Matthew Simmes succeeds Jeffrey Gendell as CEO effective July 1, 2025 and joins the Board
Gendell moves from Chairman and CEO to Executive Chairman on July 1, 2025
Simmes has spent over 31 years at IES and has been President and COO since 2023
Compensation changes for Simmes and Gendell have not yet been determined
Acadian Asset Management's board appointed Scott Hynes as Senior Vice President and Chief Financial Officer, effective May 19, 2025, and he will also serve as principal financial officer. At the May 13, 2025 annual meeting, stockholders elected all five director nominees, ratified KPMG LLP as auditor for 2025, and approved executive compensation on an advisory basis. The board also adopted amended and restated bylaws that replace references to BrightSphere Investment Group Inc. with Acadian Asset Management Inc.
Scott Hynes becomes CFO effective May 19, 2025; Christina Wiater remains principal accounting officer.
Hynes receives a $450,000 annual base salary and a target bonus of $1.05 million, paid in cash and restricted stock units.
If terminated without cause, Hynes would receive 12 months of base salary and 12 months of health benefits, subject to a release of claims.
Advisory say-on-pay vote: 31,936,964 shares for and 145,868 against, out of 33,606,017 shares present or represented.
AAON said Matt Tobolski, previously its president and chief operating officer, became president and CEO effective May 13, 2025, succeeding Gary Fields, who remains on the Board as a special advisor. The Board also expanded from eight to nine members and appointed Tobolski to the new seat, and declared a $0.10 per share quarterly dividend, which matters to shareholders for the leadership transition and the cash payout.
Tobolski, 41, became President and CEO effective May 13, 2025, and joined the Board as a Class I director with a term expiring in May 2028
Gary D. Fields moved to special advisor to the Board effective May 13, 2025, and continues as a director
The filing discloses $1.1 million in prior-fiscal-year payments to lease time on an aircraft partially owned by Tobolski
Quarterly dividend of $0.10 per share ($0.40 annually), payable June 27, 2025, to holders of record June 6, 2025
Granite Construction said Executive Vice President and Chief Operating Officer James A. Radich notified the company on May 16, 2025 that he will retire from the role on July 4, 2025. The filing does not name a successor or describe the reasons for the departure, and it does not include financial results or guidance.
James A. Radich, Executive Vice President and Chief Operating Officer, will retire.
Notice was given May 16, 2025; retirement takes effect July 4, 2025.
The filing does not name a successor or give a reason for the departure.
Gerard F. Nadeau, President of Rockland Trust Company, a subsidiary of Independent Bank Corp., notified the company on May 9, 2025 that he will retire from that role effective June 27, 2025. The board of Rockland Trust intends to appoint CEO Jeffrey J. Tengel as President of Rockland Trust in addition to his current roles, and Nadeau will remain a director.
Gerard F. Nadeau, age 66, to retire as President of Rockland Trust effective June 27, 2025; he is a named executive officer
Jeffrey J. Tengel, CEO of the company and Rockland Trust since February 2023, intended to be appointed President of Rockland Trust
Nadeau will continue to serve as a director of the company and Rockland Trust
Sensata Technologies' Chief Financial Officer, Brian Roberts, is resigning effective May 15, 2025 to pursue other opportunities, and will stay employed through May 31, 2025. Andrew Lynch, a Vice President of Finance and head of Investor Relations, will serve as interim CFO starting May 16, 2025, and will be the company's principal financial officer. The filing says the resignation is not due to any disagreement with the company.
Brian Roberts resigns as EVP and CFO effective May 15, 2025; he remains employed through May 31, 2025
Andrew Lynch, age 37, named interim CFO effective May 16, 2025
Lynch has been a Vice President at Sensata since 2021 and has nearly 16 years with the company
Filing states Lynch's compensation has not changed due to the appointment
CMS Energy announced a new corporate organizational structure with new leadership roles and business units, effective July 1, 2025. Tonya Berry will be named executive vice president and chief operating officer, and several other executives were given expanded or new responsibilities. The filing gives no financial figures, so the change is organizational and its effect on results is not quantified.
New structure takes effect July 1, 2025, with four key business units
Tonya Berry named executive vice president and chief operating officer for Operations & Engineering
Shaun Johnson named executive vice president of business transformation and chief legal and administrative officer
Rejji Hayes, chief financial officer, takes on responsibility for NorthStar Clean Energy
Omnicom amended the employment agreement of Chairman and CEO John D. Wren, extending his term as CEO through December 31, 2028. Wren's base salary falls from $1 million to $1.00 effective June 1, 2025, and he receives a 4,000,000-share stock option in place of other incentive pay, tying his compensation to future share performance.
Wren's CEO term continues through December 31, 2028; he is to step down as CEO then and remain Executive Chairman while on the Board
Annual base salary reduced from $1 million to $1.00, effective June 1, 2025
Granted option on 4,000,000 Omnicom shares on May 12, 2025, vesting pro-rata over the renewal term; no additional incentive compensation during that term
Board is to work with the Lead Independent Director on identifying a CEO successor; the pending IPG acquisition is cited as a key priority
Diodes' board appointed Gary Yu, the company's President, as Chief Executive Officer on May 13, 2025, succeeding Dr. Keh-Shew Lu, who resigned as CEO that day and remains Chairman of the Board and a special advisor to the CEO. The filing also reports that stockholders at the May 12, 2025 annual meeting elected seven directors, including Yu, and approved executive compensation on an advisory basis, which changes the company's top leadership and Lu's pay terms.
Gary Yu, President since January 2024, was appointed CEO effective May 13, 2025, with an annual base salary of $740,000
Lu's annual base salary was reduced to $100,000 and his right to annual performance-based stock unit awards was eliminated
At the May 12, 2025 annual meeting, stockholders approved executive pay on an advisory basis: 39,232,435.52 for, 1,807,209.00 against, 66,339.00 abstain
Yu is married to the niece of Dr. Lu; the filing states there are no other family relationships with directors or executive officers
Meritage Homes disclosed that Executive Vice President and Chief Operating Officer Clint Szubinski notified the company on May 7, 2025 that he is terminating his employment for personal reasons. His anticipated final day is May 16, 2025, and the filing does not name a successor or describe the reasons further.
Clint Szubinski, EVP and Chief Operating Officer, gave notice on May 7, 2025
Anticipated final date of employment is May 16, 2025
Departure is stated to be for personal reasons; no successor is named in the filing
Entegris said CEO Bertrand Loy will retire as President and Chief Executive Officer when his successor starts, anticipated on August 18, 2025. Board member David Reeder was appointed on May 11, 2025 to succeed him, and Loy will serve as Executive Chair after that date. The filing sets out Reeder's pay package, including a $1,000,000 base salary and an initial equity award with a total target grant date value of $11,100,000.
Bertrand Loy retires as President and CEO effective on Reeder's start date, anticipated August 18, 2025; he will then serve as Executive Chair.
David Reeder, a Board member since March 2024 and Chewy CFO since February 2024, was appointed on May 11, 2025.
Reeder's offer includes a $1,000,000 base salary, a 120% target bonus, a $410,000 cash sign-on bonus, and initial equity awards with a total target grant date value of $11,100,000.
Reeder's change-in-control severance equals three times base salary plus three times the greater of his highest bonus in the prior three years or target bonus.
BWX Technologies announced that Chief Financial Officer Robb A. LeMasters has stepped down, with the filing stating the decision is not related to any financial or accounting issue or disagreement with the company. Vice President, Finance and Chief Accounting Officer Michael T. Fitzgerald was appointed interim CFO effective May 12, 2025, and Mr. LeMasters will remain as Special Advisor to the CEO through March 2, 2026.
Robb A. LeMasters stepped down as executive vice president and CFO; the transition agreement was entered into May 11, 2025.
Mr. LeMasters will receive salary of $494,795 through March 2, 2026, plus a cash retention bonus of $105,205, and will not take part in the 2025 annual incentive plan or the 2026 incentive plans.
Michael T. Fitzgerald, 41, was named interim senior vice president and CFO effective May 12, 2025, with a 27% base salary increase and a 55% target non-equity incentive.
Chewy said Chief Financial Officer David Reeder will leave the company to become a chief executive officer in the semiconductor industry, with his departure date still to be determined. The company also reaffirmed its first quarter fiscal 2025 guidance, and CEO Sumit Singh said the long-term plan remains intact.
Reeder notified Chewy on May 7, 2025 that he will resign as CFO and principal financial officer.
Reeder will remain CFO through the company's next earnings announcement in June, and the company is searching for a successor.
Chewy reaffirmed its previously announced first quarter fiscal 2025 guidance in a May 12, 2025 press release.
The filing states Reeder's resignation was not the result of any disagreement with the company on operations, policies, financial disclosures, or accounting matters.
Vestis appointed Jim Barber, a retired UPS Chief Operating Officer, as President and Chief Executive Officer effective June 2, 2025, and he will join the board at that time. The filing sets his pay at a $950,000 base salary, a 125% target bonus, a $4 million annual target equity award, and a $3 million sign-On award, and it describes severance terms if he is terminated without cause.
Jim Barber, 64, becomes President and CEO effective June 2, 2025; he previously served as UPS Chief Operating Officer from 2018 until January 2, 2020.
Initial base salary is $950,000, with a target annual bonus of 125% of base salary beginning with fiscal 2026.
Annual equity target grant value is $4,000,000 starting fiscal 2026, and a $3,000,000 sign-on restricted stock unit award vests on the third anniversary of the effective date.
Severance if terminated without cause or for good reason before the fourth anniversary includes 18 months of base salary plus target bonus; a change-of-control termination pays 2 times base salary plus target bonus.
PriceSmart appointed Gualberto Hernandez as Executive Vice President and Chief Financial Officer effective June 1, 2025, replacing Michael McCleary, who resigned by mutual agreement. The filing sets out Hernandez's pay package and McCleary's separation terms, which include severance of $721,000 and a transition period through September 30, 2025.
Gualberto Hernandez becomes EVP and CFO effective June 1, 2025, with a base salary of $720,000 and a target annual bonus of $180,000.
Hernandez's initial stock award has an initial value of $4,500,000, and he receives a $150,000 cash sign-on bonus.
Michael McCleary resigned by mutual agreement and remains an EVP through September 30, 2025, then provides up to 40 hours per month of consulting for three months.
McCleary will receive severance of $721,000, payable over one year, plus 12,074 restricted stock and performance stock unit shares that continue to vest.
PVH Corp. said David Savman, its Head of Global Operations and Chief Supply Chain Officer, has been appointed Global President of Calvin Klein, succeeding Eva Serrano, who is leaving the company. Serrano will serve as an advisor through December 31, 2025 to support the transition, and Savman will keep his supply chain and operations roles until a successor is named.
David Savman appointed Global President, Calvin Klein, succeeding Eva Serrano
Serrano serves in an advisory capacity through December 31, 2025
Savman continues as Chief Supply Chain Officer and Head of Global Operations until a successor is named
Mattel appointed Paul Ruh as chief financial officer effective May 19, 2025, succeeding Anthony DiSilvestro, who announced his retirement in January. DiSilvestro will advise the company through August 15, 2025, to support the transition. Ruh previously served as CFO of Kenvue Inc. since May 2023 and will oversee Mattel's global finance organization and global technology organization.
Paul Ruh, age 58, becomes CFO effective May 19, 2025, reporting to Chairman and CEO Ynon Kreiz
Ruh's offer includes a $950,000 base salary, a 2025 target bonus of 100% of base salary (maximum 200%), and a $3,800,000 new-hire make-whole stock grant
Ruh will receive a $100,000 signing bonus and a 2025 target annual stock grant value of $2,825,000
Anthony DiSilvestro will serve as an advisor through August 15, 2025
MGM Resorts entered into a new employment agreement with CEO William Hornbuckle on May 8, 2025, replacing his prior agreement that was set to end August 31, 2026. The new term runs to December 31, 2028, and the filing says the company wants him to keep leading the company for the long term.
New term runs until December 31, 2028, with minimum base salary of $2,000,000 per year
Annual target bonus of 250% of base salary; amounts above 150% of target paid in deferred restricted stock units
Expected annual equity grants of $10,000,000 for 2025 through 2028, plus a one-time cash signing bonus of $8,000,000
Western Digital's board appointed Kris Sennesael as executive vice president and chief financial officer, effective May 12, 2025, and he will become the principal financial officer on that date. He will report to CEO Irving Tan and lead the global finance organization, and his pay package includes a $10,000,000 sign-on equity award that vests through 2028.
Sennesael was CFO of Skyworks Solutions from 2016 to May 2025, and previously was CFO of Enphase Energy and Standard Microsystems.
Annual base salary of $715,000, with a target short-term bonus of 100% of base salary and a $2,000,000 signing bonus subject to repayment if he leaves before the two-year anniversary of payment.
Sign-on equity award with a grant date value of $10,000,000, 80% in RSUs and 20% in PSUs; RSUs vest from November 2025 through May 2028.
Indivior PLC, the company named in this filing (the filing does not mention Supernus, Inc.), said Joe Ciaffoni began as CEO on May 8, 2025, and Mark Crossley stepped down as CEO and director under his separation agreement. At its 2025 annual general meeting, shareholders passed all 19 resolutions, including approval of amended articles that require annual re-election of all directors and move references from the London Stock Exchange to Nasdaq.
Joe Ciaffoni's employment as CEO commenced May 8, 2025; Mark Crossley stepped down as CEO and as a director.
New articles require all directors to be re-elected annually and limit who can call board meetings to the Chair, Lead Independent Director, CEO, or a majority of directors.
All seven director nominees were elected or re-elected; Juliet Thompson received 65,523,796 votes for and 14,399,386 against (18.02%).
The articles reference Nasdaq instead of the London Stock Exchange, reflecting the move of the primary listing to Nasdaq.
Berkshire Hathaway's board unanimously voted on May 4, 2025 to appoint Greg Abel, currently Vice Chairman – Non-Insurance Operations, as President and CEO effective January 1, 2026. Warren Buffett will remain Chairman of the Board, and the company said so in a May 5, 2025 press release. The filing marks a planned leadership succession for shareholders, though it reports no financial results.
Board vote: unanimous, on May 4, 2025, following Buffett's May 3, 2025 announcement at the annual shareholders meeting
Greg Abel, age 62, has been a Berkshire director and Vice Chairman – Non-Insurance Operations since 2018
Abel was CEO of Berkshire Hathaway Energy from 2008 to 2018 and has been its chairman since 2011
Warren Buffett will remain Chairman of the Board of Directors
Maplebear Inc. (Instacart) said CEO Fidji Simo notified the company on May 7, 2025, of her intent to resign as CEO to pursue another opportunity, with the resignation date still to be determined. She will remain Board Chair, and the company says a new CEO will be announced soon. The company also reaffirmed its second quarter and fiscal 2025 financial outlook given on May 1, 2025.
CEO Fidji Simo notified the company on May 7, 2025, of her intent to resign as CEO.
The date of her resignation as CEO has not yet been determined.
Simo will continue as Chair of the Board of Directors.
The company reaffirmed its second quarter and fiscal 2025 outlook first given on its May 1, 2025 earnings call.
JLL said CFO Karen Brennan will become CEO of its Leasing Advisory business effective July 1, 2025, and Kelly Howe, previously CFO of Leasing Advisory, will succeed her as CFO on the same date. The filing also sets out Howe's pay package, including a $600,000 base salary and a 2025 GEB AIP target of $1,000,000 prorated to $500,000 for the year.
Karen Brennan's last day as CFO is June 30, 2025; she will remain on the Global Executive Board in her new role.
Kelly Howe, 53, becomes CFO effective July 1, 2025, reporting to CEO and President Christian Ulbrich; she joined JLL in January 2024.
Howe's pay includes a $600,000 base salary, a GEB LTIP target of $1,500,000, and a one-time RSU grant of $675,000 in September 2025.
Andy Poppink will step down from the Global Executive Board and take the role of CEO, Leasing Advisory, EMEA and APAC, reporting to Brennan.
Chipotle named Jason Kidd, formerly Taco Bell's chief operating officer, as its chief operating officer effective May 19, 2025, overseeing its nearly 3,800 restaurants and reporting to CEO Scott Boatwright. President and Chief Strategy Officer Jack Hartung will step down as an executive officer on June 1, 2025, and remain as a senior advisor until his retirement in early March 2026. The filing reflects a senior leadership change in operations and strategy, with no financial results disclosed.
Jason Kidd, age 50, joins as COO effective May 19, 2025, with a $675,000 base salary and a $150,000 cash signing bonus
Kidd's new-hire equity awards have a combined grant date value of approximately $3,000,000
Jack Hartung's executive role ends June 1, 2025; his senior advisor base salary will be $200,000
Curt Garner adds supply chain oversight and Chris Brandt leads menu and ingredient processes
Heritage Financial Corporation said Bryan D. McDonald became its President and CEO on May 6, 2025, completing the CEO succession plan, and joined the Board of Directors. Jeffrey J. Deuel retired as CEO the same day and will remain a non-officer employee until March 31, 2027. The change marks a planned leadership transition, and shareholders also elected nine directors and approved the executive pay advisory vote at the May 5, 2025 annual meeting.
Jeffrey J. Deuel retired as CEO effective May 6, 2025 and will serve as a non-officer employee until March 31, 2027.
Bryan D. McDonald, age 53, became President and CEO effective May 6, 2025, and joined the Board; he had been President and CEO of Heritage Bank since July 1, 2024.
McDonald's employment agreement provides a $650,000 annual base salary and a 50% short-term bonus target, with an initial term through June 30, 2028.
At the May 5, 2025 annual meeting, shareholders approved the executive compensation advisory vote with 25,108,341 votes for and 517,307 against.
Ashland's Chief Financial Officer, J. Kevin Willis, plans to resign effective May 16, 2025, to pursue another opportunity, and the filing states the departure is not tied to any disagreement over financial statements, internal controls, operations, policies or practices. The Board named William C. Whitaker, the company's Vice President, Finance and Director, Investor Relations, as interim CFO effective May 6, 2025, and Samuel A. Richardson, the Controller, as Principal Accounting Officer, also effective May 6.
J. Kevin Willis notified the company on May 1, 2025 of his resignation as CFO, Principal Financial Officer and Principal Accounting Officer, effective May 16, 2025.
William C. Whitaker, 36, becomes Interim CFO effective May 6, 2025, with an annual base salary of $354,432 and a target cash incentive of 42% of salary.
Samuel A. Richardson, 46, becomes Vice President, Controller and Principal Accounting Officer effective May 6, 2025, with an annual base salary of $330,000.
Both appointees receive restricted stock unit grants with a fair market value of $130,000, vesting on the third anniversary of the grant date.
Teradata's board elected John Ederer as chief financial officer, effective May 12, 2025. He previously served as CFO of Model N, and interim CFO Charles Smotherman will return to his prior role as Senior Vice President, Chief Accounting Officer.
Ederer's initial annual base salary is $530,000, with a target annual bonus of 100% of base salary, pro-rated for 2025.
On or about May 16, 2025, Ederer is to receive a new hire grant of restricted share units with a target value of $4.5 million, plus annual grants with target values of $2.25 million each in service-based and performance-based units.
Ederer has been CFO of Model N, Inc. since January 2021 and was previously CFO at K2 Software Inc. from August 2018 until November 2020.
Ederer will report to CEO Steve McMillan and lead accounting, financial planning, investor relations, tax, and treasury.
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