441 material Form 8-K filings that 376 companies we cover made with the SEC in June 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).
Ulta Beauty said its Chief Financial Officer, Paula Oyibo, has left the company, effective June 24, 2025. Chris Lialios, its Senior Vice President and Controller since 2018, became Interim CFO and principal financial and accounting officer, and the company has started an external search for a permanent CFO. The company also reaffirmed its fiscal 2025 guidance, which matters to shareholders because it signals the outlook is unchanged despite the leadership change.
Paula Oyibo left as CFO, Treasurer and principal financial officer, effective June 24, 2025
Chris Lialios, 60, named Interim CFO with an annualized base salary of $525,000 and a cash incentive target of 100% of salary
Fiscal 2025 guidance reaffirmed: comparable store sales growth of 0% to 1.5%, operating margin of 11.7% to 11.8%, diluted EPS of $22.65 to $23.20
Ultra Clean Holdings said Services Division President Bill Bentinck will retire effective August 15, 2025, after a 40-year semiconductor career. Sam Johnson, who joined the company as Senior Vice President, Strategy, on March 21, 2025, will succeed him as head of the division on the same date.
Bill Bentinck retires as President, Services Division, effective August 15, 2025
Sam Johnson, 37, named head of Services Division, effective August 15, 2025
Johnson previously worked at Arcline Investment Management from December 2019 to March 2025
Filing does not state financial results or compensation terms for either executive
Equity Residential (NYSE: EQR, as named in the filing text) announced a leadership reshuffle: Chief Financial Officer Bob Garechana becomes Chief Investment Officer on August 7, 2025, and Bret McLeod, currently CFO of Great Wolf Resorts, will succeed him as CFO on that date. The change at the CFO and CIO posts is significant for shareholders because it moves the finance and capital allocation roles to new leadership, while outgoing CIO Alec Brackenridge retires at the end of 2025 with no severance.
Bret McLeod, 42, joins as Executive Vice President – Finance on July 22, 2025 and becomes CFO on August 7, 2025
McLeod's base salary is $550,000, target annual cash bonus is $687,500 and target annual equity grant is $825,000, prorated for 2025
McLeod receives a retention restricted share award valued at $1,250,000 that cliff vests after three years
Alec Brackenridge, 61, steps down as CIO on August 7, 2025, serves as EVP – Investments and retires at the end of 2025 with no severance
Stanley Black & Decker said its Board named Christopher Nelson, the company's Chief Operating Officer, as President and Chief Executive Officer effective October 1, 2025, succeeding Donald Allan, Jr., who has served as CEO since July 2022. Allan will become Executive Chairman on the same date, and Andrea Ayers will become Lead Independent Director. The company also said it continues to expect second-quarter GAAP and Adjusted EPS performance better than its 2025 planning assumptions.
Christopher Nelson, 55, has been COO and President of Tools & Outdoor since June 2023; he joins the Board when he becomes CEO on October 1, 2025.
Nelson's letter agreement sets an annual base salary of $1,300,000, a target annual bonus of 160% of base salary, and 2026 annual equity awards with a target grant date value of $10,345,000.
Donald Allan, Jr. will serve as Executive Chairman until his retirement on September 30, 2026, per the 8-K, with a $1,100,000 base salary and a $6,000,000 target 2026 equity grant value.
The company continues to expect second-quarter GAAP and Adjusted EPS better than its 2025 planning assumptions from the Q1 2025 earnings call.
Howmet Aerospace amended the employment letter agreement with Executive Chairman and CEO John C. Plant on June 23, 2025. The amendment provides a special restricted stock unit retention award valued at $45 million, vesting July 1, 2028, subject to continued service, with the award granted on July 1, 2025.
Special retention RSU award valued at $45,000,000, to be granted July 1, 2025, vesting July 1, 2028
Plant's annual base salary remains $1,800,000 with a target annual bonus of 175% of base salary
Full vesting on termination without cause, for good reason, or death or disability on or after January 1, 2028
Except as amended, the 2020 letter agreement, as amended in 2020, 2021 and 2022, remains in effect
Incyte said Hervé Hoppenot retired as President and Chief Executive Officer effective June 26, 2025, and will remain on the Board and serve as a special advisor under a transition agreement. The company also appointed William J. Meury as President and Chief Executive Officer and to the Board, effective the same day, with a $1,250,000 initial base salary and a 100% target bonus.
William J. Meury, age 57, was named President, CEO and director effective June 26, 2025; he was previously CEO of Karuna Therapeutics, which was acquired by Bristol-Myers Squibb.
Julian C. Baker, Lead Independent Director, became Chairman of the Board effective June 26, 2025.
Meury's offer letter provides a 36,101-share sign-on RSU award, 110,630 stock options, a 108,303-share target performance share award, and a one-time 125,000-share target performance share award.
Hoppenot will receive his current annual base salary of $1,395,731 for six months, then 50% of that rate, under a transition agreement with a term ending no later than the first anniversary of June 26, 2025.
On June 26, 2025, Provident Financial Services entered into an amended and restated employment agreement with CEO Anthony J. Labozzetta, replacing his March 11, 2020 agreement. The new agreement runs through June 26, 2028, with annual renewals after that unless either party gives notice, and it sets a $1 million base salary and a larger severance package than the prior agreement.
Initial term runs from June 26, 2025 through June 26, 2028, with one-year renewals starting June 26, 2028 unless 60 days' notice is given
Base salary is $1 million a year and can increase but not decrease, except for an across-the-board reduction
Severance is two times base salary plus target cash incentive without a change in control, and three times with one, plus COBRA or insurance benefits
Non-compete restriction period increased to one year from the date of termination
Eastman Chemical's Board appointed Damon Audia as a director on June 27, 2025, to serve until the 2026 Annual Meeting of Stockholders. He joins the Audit, Finance, and Environmental, Safety and Sustainability committees. For shareholders, this is a board composition change that adds a director with a finance background; the filing reports no financial results or guidance.
Damon Audia appointed director on June 27, 2025, term through the 2026 Annual Meeting of Stockholders
Audia named to Audit, Finance, and Environmental, Safety and Sustainability committees
Audia is Senior Vice President and Chief Financial Officer at AGCO Corporation, which the release describes as an $11.7 billion company
Churchill Downs said Executive Vice President of Gaming Operations Maureen Adams notified the company on June 25, 2025 that she will retire effective December 31, 2025. A memorandum of understanding sets out her retirement terms, including a $550,000 retention payment conditioned on her employment through that date.
Maureen Adams notified the company of her retirement on June 25, 2025, effective December 31, 2025.
Retention payment of $550,000, subject to continued employment through December 31, 2025.
Her 2025 bonus will be based on actual performance, and her outstanding RSU and PSU awards will vest.
Her Executive Change in Control, Severance and Indemnity Agreement dated July 26, 2022 is terminated.
On June 23, 2025, EPAM's Compensation Committee approved an Executive Severance Plan covering executive officers, including the CEO and CFO. The plan sets cash, COBRA, and equity-vesting benefits for qualifying terminations, with larger payments if the termination occurs within 3 months before or 12 months after a change in control.
Plan approved June 23, 2025, effective the same date; covers executive officers including the CEO and CFO.
Non-change-in-control terms: lump sum of base salary plus target bonus, 12 months of COBRA premiums, and vesting of time-based RSUs due within 12 months.
Change-in-control terms: 1.5 times base salary plus target bonus (2 times for the CEO), 18 months of COBRA premiums (24 months for the CEO), and 100% equity acceleration.
H2O America appointed Megan Mattern as Chief Accounting Officer, Principal Accounting Officer, and Controller, effective July 28, 2025, replacing Ann P. Kelly in the accounting role as Kelly takes the Chief Financial Officer and Treasurer position on July 1, 2025. The filing discloses her base salary and incentive and equity award amounts, which are routine executive pay terms for a senior finance appointment.
Megan Mattern appointed Chief Accounting Officer, Principal Accounting Officer, and Controller effective July 28, 2025; also named Chief Accounting Officer of San Jose Water Company and other subsidiaries
Base salary of $425,000 with target annual incentive of 35% of base salary
One-time sign-on cash award of $200,000, plus one-time RSU awards valued at $500,000 and $175,000 and 2025 RSU awards valued at $114,750 and $76,500
Director Benjamin Horowitz resigned from Okta's board, effective at the company's June 24, 2025 annual meeting, and the filing says the departure was not due to any disagreement with the company. The board reduced its size from nine to eight directors. At the meeting, stockholders elected Jeff Epstein and J. Frederic Kerrest as Class II directors, ratified Ernst & Young LLP as auditor, approved executive pay on an advisory basis, and backed annual pay votes, which the company plans to hold every year.
Benjamin Horowitz's resignation is effective at the June 24, 2025 annual meeting; the board shrinks from nine to eight directors.
Jeff Epstein received 145,204,230 votes for and 59,429,986 withheld; J. Frederic Kerrest received 200,104,430 for and 4,529,786 withheld.
Ernst & Young LLP was ratified for the fiscal year ending January 31, 2026, with 221,179,437 votes for and 2,681,904 against.
Stockholders preferred one-year intervals for future advisory pay votes (202,166,533 votes), and the company plans to hold them every year.
Trex Company said CFO Brenda Lovcik will resign, and she will remain in the role through August 5, 2025, when CEO Bryan Fairbanks takes over CFO duties on an interim basis. The company has begun a search for a permanent CFO. Trex also reiterated its full-year 2025 guidance of 5%-7% revenue growth and an Adjusted EBITDA margin above 31%, and said it is on track for second-quarter revenue of $370 million to $380 million.
Lovcik informed the company on June 23, 2025 of her intention to resign; the press release says she is accepting a position in Minnesota near her family.
Lovcik will continue as CFO until August 5, 2025, when Bryan Fairbanks assumes CFO responsibilities on an interim basis.
Fairbanks previously served as CFO from August 2015 until he was named CEO and a board member in April 2020.
Trex reiterated 2025 revenue growth guidance of 5%-7% and Adjusted EBITDA margin above 31%, and said it is on track for second-quarter revenue of $370 million to $380 million.
Frontdoor's board appointed director Dr. Balakrishnan (Bala) Ganesh as Senior Vice President and Chief Technology Officer, effective July 14, 2025. Ganesh resigned from the board and its Audit Committee effective June 30, 2025, which reduces the board from eight to seven directors. For shareholders, this is a senior technology leadership change, with the company citing Ganesh's experience in digital transformation, cybersecurity and product development.
Ganesh's appointment as SVP and Chief Technology Officer takes effect July 14, 2025.
Ganesh's board and Audit Committee resignation takes effect June 30, 2025.
The board size drops from eight to seven directors effective June 30, 2025.
Ganesh was previously Chief Technology Officer of OnTrac Logistics and spent over 10 years at United Parcel Service.
Sprinklr said Chief Customer Officer Scott Harvey will leave the company on July 7, 2025. During a transition period ending that day, he will keep his current base salary and benefit plan eligibility, and he will receive severance under the company's Executive Severance and Change in Control Plan. The company also reiterated its second-quarter and full-year fiscal 2026 guidance from its June 4, 2025 press release, so the filing does not announce a change to that outlook.
Scott Harvey, Chief Customer Officer, will leave Sprinklr on July 7, 2025
Transition period ends July 7, 2025; Harvey continues at his current base salary during it
Severance to follow the Executive Severance and Change in Control Plan at the end of the transition period
Second-quarter and full-year fiscal 2026 guidance reiterated, as set out in the June 4, 2025 press release
SL Green Realty amended the employment agreement with CEO Marc Holliday on June 24, 2025. The amendment states that his $5,000,000 annual time-based award is not guaranteed and will be set by the Compensation Committee based on prior-year performance, and removes formulaic cash payments after a change in control.
Amendment dated June 24, 2025, filed as Exhibit 10.1
$5,000,000 annual time-based award is not guaranteed; value set by Compensation Committee based on prior-year performance
Eliminates formulaic cash payments after a change in control in lieu of base salary, annual bonus and equity entitlements
A diminution in compensation after a change in control would constitute good reason
Pure Storage appointed Tarek Robbiati as Chief Financial Officer, effective with the June 24, 2025 announcement, and Kevan Krysler is no longer CFO, though he remains an employee to help with the transition. The filing sets out Robbiati's $650,000 base salary and large equity awards, which tie part of his pay to storage-as-a-service growth and to a $40 billion market capitalization target.
Tarek Robbiati, age 60, becomes CFO; he was previously CFO of Hewlett Packard Enterprise from September 2018 to August 2023.
Robbiati's initial annual base salary is $650,000, with a target annual bonus of 100% of base salary.
Equity awards include 223,921 restricted stock units (time-vested, first 25% on September 20, 2026) and 233,410 target units tied to a $40 billion market capitalization goal, vesting March 20, 2030.
Kevan Krysler, whose departure was disclosed in a May 28, 2025 Form 8-K, is no longer CFO but will provide ongoing transition services.
Hamilton Lane said co-founder Mario Giannini, its Executive Co-Chairman, told the Board on June 18, 2025 that he will not stand for re-election at the 2025 Annual Meeting of Stockholders. The company said the decision does not stem from any dispute or disagreement, and Giannini will remain Executive Co-Chairman, so the change affects board composition rather than day-to-day leadership.
Notice to the Board given June 18, 2025
Giannini will not stand for re-election at the 2025 Annual Meeting of Stockholders
Company states the decision is not due to any dispute or disagreement on operations, policies or practices
Somnigroup's board extended the employment agreement of Chairman, President and CEO Scott Thompson through December 31, 2029, from December 31, 2026. The agreement includes a $10 million transaction bonus tied to the Mattress Firm acquisition and a grant of 1.2 million stock options, which dilutes existing holders if exercised. The filing reports no changes to Thompson's base salary or annual incentive plan.
Employment term extended from December 31, 2026 to December 31, 2029
One-time $10 million transaction bonus, payable on or about June 30, 2025, tied to the Mattress Firm acquisition closed February 5, 2025
Option grant of 1.2 million shares in three 400,000-share tranches, with exercise prices of the June 23, 2025 fair market value rounded up to the nearest dollar, plus $5 and $10
UDR, Inc. appointed David D. Bragg as Senior Vice President and Chief Financial Officer, effective upon his expected start date of July 24, 2025. Current CFO Joseph D. Fisher will give up the CFO and principal financial officer roles and remain President and Chief Investment Officer. The filing discloses Bragg's compensation, which includes a $500,000 base salary and a $200,000 signing bonus, and describes a leadership change in the finance function rather than a change in reported financial results.
David D. Bragg, age 45, becomes CFO and principal financial officer; start date expected July 24, 2025
Base salary $500,000; short-term incentive target $750,000; long-term incentive target value $1,000,000
Signing bonus $200,000 plus signing equity award valued at $2,000,000 vesting ratably over five years
Joseph D. Fisher relinquishes CFO role and retains President and Chief Investment Officer titles
Sempra's board promoted Caroline A. Winn to executive vice president overseeing its California utilities, Southern California Gas Company and San Diego Gas & Electric, effective July 5, 2025. Sempra also named Dyan Z. Wold vice president, controller and chief accounting officer, replacing Peter R. Wall, who is resigning from that role. The changes are leadership and compensation moves at the officer level and do not include financial results or guidance.
Caroline A. Winn promoted to executive vice president overseeing SoCalGas and SDG&E, dated June 21, 2025
Winn resigns as CEO of SDG&E but remains a director and becomes non-executive chairman of SDG&E and SoCalGas board roles
Dyan Z. Wold, 50, promoted to vice president, controller and chief accounting officer; annual salary increased to $365,000
Peter R. Wall gave notice on June 18, 2025 that he will resign as senior vice president, controller and chief accounting officer
Cushman & Wakefield said Chairman Brett White will resign from the board effective July 31, 2025, and will stay on as a strategic consultant through February 28, 2026. Three new directors were named, with Steve Plavin becoming Non-Executive Chairman on October 1, 2025, which shifts board leadership for shareholders.
Brett White resigns from the board effective July 31, 2025; consulting fee of $5,000 per month from August 1, 2025
Susan Daimler joins the board August 1, 2025; Timothy Wennes joins August 1, 2025
Stephen D. Plavin joins the board October 1, 2025 and becomes Chairman; he retires from Blackstone in July 2025
John Wiley & Sons appointed Craig Albright, a former Xerox finance executive, as executive vice president and chief financial officer, effective June 26, 2025. Chris Caridi, who had been interim CFO, will remain with the company as senior vice president, chief accounting officer and finance transformation leader. A permanent CFO in place ends the interim period in the finance function.
Craig Albright becomes EVP and CFO effective June 26, 2025, reporting to CEO Matthew Kissner.
Albright's base salary is $550,000, with a target annual incentive of 100% of base salary and a target long-term incentive of 200% of base salary.
Albright previously served as CFO, Americas and Global Cash Center Lead at Xerox from 2020 through 2024.
Chris Caridi continues as senior vice president, chief accounting officer and finance transformation leader.
News Corp's board approved extending the employment agreement of Chief Executive Robert Thomson so that it now expires on June 30, 2030. The company announced the extension in a June 22, 2025 press release, which describes Thomson's tenure since 2013 and credits him with the company's transformation; the filing gives no compensation terms.
Board approved the extension on June 20, 2025; the agreement now expires June 30, 2030.
Thomson has served as Chief Executive since 2013, according to the press release.
Chair Lachlan Murdoch said he looks forward to Thomson's continued leadership.
The filing does not disclose changes to compensation or other contract terms.
Hormel Foods appointed director Jeffrey Ettinger as interim chief executive officer and John Ghingo as president, both effective July 14, 2025, while CEO James Snee retires at the end of fiscal 2025. The changes set up a leadership transition, with Ettinger's interim term running to October 25, 2026, and Ghingo joining the board.
Jeffrey M. Ettinger, age 66, becomes interim CEO effective July 14, 2025; his employment agreement runs through October 25, 2026, with a $1,200,000 annual base salary.
John F. Ghingo, age 52, becomes President and joins the board effective July 14, 2025, with a $730,000 initial annual base salary and a $3,200,000 annual long-term incentive target.
James P. Snee steps down from the board when the appointments take effect, serves as a special advisor until October 26, 2025, and his employment ends that day.
The Hormel Foundation, which holds approximately 46% of the company's common stock, is led by Ettinger as chairman through July 14, 2025, when he steps down from that role.
Executive Chairman Christopher Christensen will retire from the board and as Executive Chairman effective September 1, 2025. Chief Executive Officer Barry Port will become Chair of the Board on the same date, and Marivic Uychiat joins the board to fill the vacancy.
Christensen's retirement from the board and as Executive Chairman is effective September 1, 2025; he was Chief Executive Officer from April 2006 until May 2019.
Barry Port, CEO since May 2019, was appointed Chair of the Board effective September 1, 2025.
Marivic S. Uychiat joins the board effective September 1, 2025, as a non-independent director; the board will have nine members, six of them independent.
On June 17, 2025, FirstEnergy's Board approved changes to certain outstanding long-term incentive awards for its CEO, CFO, and other named executive officers. For the unfinished parts of the 2023-2025 and 2024-2026 performance periods, the 65% Operating EPS measure is replaced by Core EPS, which the company now uses for reporting and guidance, and the EPS payout is capped at 100% of target.
Board action dated June 17, 2025, on the Compensation Committee's recommendation, applies to all eligible recipients of the 2023 and 2024 LTIP awards
Operating EPS (weighted 65%) is replaced by Core EPS for January 1, 2025 onward; the relative total shareholder return measure (weighted 35%) is unchanged
2023-2025 awards: threshold $7.32 and target $7.76; 2024-2026 awards: threshold $7.44 and target $7.88, each with a 25% threshold payout and 100% target payout
The change follows the company's early 2025 decision to report and guide on Core EPS, effective with the quarter ended March 31, 2025
HNI Corporation said its board appointed B. Brandon Bullock III as Chief Operating Officer with immediate effect on June 16, 2025. Bullock, who has been President of The HON Company LLC since 2018, received a base salary increase to $526,900 and a prorated long-term incentive award valued at $113,430.
Appointment effective June 16, 2025, approved by the Board of Directors
Base salary rises from $479,000 to $526,900 annually
Fiscal 2025 long-term incentive target raised from 100% to 125% of base salary, prorated from the effective date
Prorated long-term incentive award valued at $113,430, split equally between restricted stock units and performance share units
GXO Logistics said its board approved Patrick Kelleher as chief executive officer, effective August 19, 2025, succeeding Malcolm Wilson, who is retiring. Kelleher, a former DHL Supply Chain CEO for North America, will receive a $700,000 base salary, a 160% target annual bonus and sign-on equity awards, and must relocate to the Greenwich, Connecticut area by December 31, 2025.
Effective date: August 19, 2025; Kelleher succeeds Malcolm Wilson, who is retiring
Base salary of $700,000 and target annual bonus of 160% of base salary, with 2025 bonus guaranteed at least at target, prorated
Sign-on bonus of $250,000; sign-on equity of $1,250,000 in restricted stock units and $3,400,000 in performance-based restricted stock units
Minimum 2026 annual long-term incentive grant value of $3,400,000
Louisiana-Pacific appointed Anthony Hamill to the newly created role of Senior Vice President, Chief Operating Officer, effective June 30, 2025. Hamill previously served as Chief Operations Officer at Roseburg Forest Products and held several leadership roles at Louisiana-Pacific between 2013 and 2024, which gives shareholders a clear view of the company's plan to add a dedicated operations executive.
Effective date of appointment is June 30, 2025; the Board approved it on June 16, 2025.
Offer letter sets a base salary of $630,000, a target annual bonus of 80% of base salary, and a long-term equity target of 180% of base salary.
Hamill will receive a $500,000 cash hiring bonus and a one-time RSU award valued at $1,180,000.
He will oversee North American manufacturing, which the press release says includes 18 facilities and more than 3,000 team members.
BJ's Restaurants named CEO Lyle D. Tick to its board on June 16, 2025, under the terms of his employment agreement. Former CEO Gregory A. Trojan also told the board he will retire from it effective September 16, 2025. At the June 12, 2025 annual meeting, shareholders re-elected the board nominees, approved executive pay on an advisory basis, and ratified KPMG LLP, but did not approve a shareholder proposal for a food waste transparency report.
Lyle D. Tick, Chief Executive Officer and President, was named to the Board on June 16, 2025.
Gregory A. Trojan, the former CEO, will retire from the Board effective September 16, 2025.
Shareholder proposal for a food waste transparency report failed: 764,209 For, 14,393,402 Against, 102,906 Abstain.
Advisory say-on-pay vote passed with 14,999,142 For and 213,357 Against; KPMG ratification received 19,092,298 For.
Alnylam said it is combining its Research and Early Development and Development functions into one R&D organization, with Pushkal Garg, M.D., appointed Executive Vice President, Chief Research and Development Officer. The filing also sets new pay terms for Garg and Kevin Fitzgerald, Ph.D., who takes on added responsibility for external innovation, which shows how the company is structuring its leadership for pipeline work.
Pushkal Garg, M.D., moves from Chief Medical Officer, EVP, Development and Medical Affairs to EVP, Chief Research and Development Officer.
Garg's base salary is set at $825,000, with a target annual incentive of 65% of base salary.
Kevin Fitzgerald, Ph.D., gets a target annual incentive raised to 60% of base salary and a one-time restricted stock unit award with a grant date value of $2.5 million, effective July 1, 2025.
The Committee approved the changes on June 12, 2025, and the company issued a press release on June 18, 2025.
Ciena Corporation appointed Marc D. Graff as Senior Vice President and Chief Financial Officer, effective August 1, 2025, and designated him principal financial and principal accounting officer. He succeeds James E. Moylan, Jr., who previously announced his retirement effective August 28, 2025, and will assist with the transition until then.
Graff's offer letter, dated June 13, 2025, sets a base salary of $650,000 and a target annual cash bonus of 100% of base salary.
Graff receives a one-time cash sign-on bonus of $1,950,000, subject to repayment if he resigns or is terminated for cause before the first anniversary of his start date.
A one-time replacement RSU grant has a target delivered value of $10,486,000, with one-quarter vesting on the first anniversary of the Effective Date.
Graff's prior role was Senior Vice President and CFO at Altera Corporation, which he held from January 2024; he previously served at Intel Corporation.
Prologis said its Chief Investment Officer, Joseph Ghazal, will step away from his role as an executive officer effective July 1, 2025. He will remain with the company until July 10, 2026 to support a smooth transition.
Joseph Ghazal, Chief Investment Officer, will leave his executive officer role effective July 1, 2025.
Ghazal will stay with Prologis until July 10, 2026 to support the transition.
The filing was announced June 17, 2025, and does not name a successor.
Ingersoll Rand said its board expanded the role of Senior Vice President Michael Weatherred on June 12, 2025, to include leading the Precision & Science Technologies (PST) segment, with a new title of Senior Vice President PST Segment, Demand Generation and Execution. The Compensation Committee also set new pay for Weatherred and approved an additional equity award for General Counsel Andrew Schiesl, with equity grants set for August 6, 2025.
Weatherred's annual base salary rate set at $600,000, effective June 16, 2025, with a revised annual cash payout opportunity of 85% under the Management Incentive Plan.
Weatherred's equity grants total $300,000: $75,000 in restricted stock units, $75,000 in stock options and $150,000 in performance stock units.
Schiesl received an additional $450,000 in equity awards: $112,500 in restricted stock units, $112,500 in stock options and $225,000 in performance stock units.
Grant date is August 6, 2025; the PSU performance period runs from January 1, 2025 to December 31, 2027.
American Electric Power said its executive vice president and general counsel, David Feinberg, will leave the role effective July 13, 2025. He will then serve as senior advisor to the chief executive from July 14, 2025, until his employment ends on August 15, 2025. The filing contains no financial figures or stated reason for the change.
Feinberg ceases to be executive vice president and general counsel effective July 13, 2025
Senior advisor to the AEP chief executive from July 14, 2025
Employment with AEP ends August 15, 2025
The filing does not name a successor or give a reason for the change
Sonoco Products Company appointed Paul Joachimczyk as Chief Financial Officer effective June 30, 2025, replacing Interim CFO Jerry Cheatham, who will remain principal financial officer until the Form 10-Q for the quarter ending June 29, 2025. Joachimczyk's offer includes a $750,000 base salary, an 85% bonus target, a $1,000,000 sign-on bonus and $1,000,000 in restricted stock units, with an anticipated $2,000,000 target for 2026 annual awards.
Paul Joachimczyk, 53, previously served as CFO and Corporate Secretary of American Woodmark Corporation since August 2022.
Jerry Cheatham has served as Interim CFO since January 6, 2025 and will move to a senior finance leadership role after the 10-Q filing.
Joachimczyk's offer letter includes a $750,000 base salary and a $1,000,000 sign-on bonus subject to clawback within 24 months.
The filing does not report any financial results or guidance changes.
Xcel Energy said its chief legal and compliance officer, Rob Berntsen, is leaving the company effective immediately to pursue another opportunity. Ryan Long, previously president of Northern States Power Company, was promoted to succeed him effective June 16, 2025, and will also continue overseeing the NSPM jurisdiction while the company searches for a new NSPM president.
Rob Berntsen, executive vice president and chief legal and compliance officer, gave notice on June 13, 2025 and is leaving effective immediately
Ryan Long was promoted to executive vice president and chief legal and compliance officer effective June 16, 2025
Long will oversee legal, compliance and federal affairs teams and remains in charge of the Minnesota, North Dakota and South Dakota jurisdiction during an internal and external search for a new NSPM president
Crown Holdings said Djalma Novaes, Jr., currently President of its Americas Division, will become Executive Vice President and Chief Operating Officer effective July 1, 2025. Gerard Gifford, COO since 2017, will become Executive Vice President and Chief Administrative Officer and retire in early 2026. Gary Gavin will become President of the Americas Division on the same date, a senior management change that shareholders may track as the company sets its leadership for the coming year.
Djalma Novaes, Jr., age 64, to become Executive Vice President and Chief Operating Officer effective July 1, 2025
Gerard Gifford moves to Executive Vice President and Chief Administrative Officer; planned retirement in early 2026
Gary Gavin, currently President of North American Beverage can business, to become President of the Americas Division effective July 1, 2025
First BanCorp announced a strategic reorganization tied to its succession plan. COO Donald Kafka will retire effective September 15, 2025, and Chief Credit Officer Juan Carlos Pavía will become COO effective August 1, 2025, while keeping oversight of credit risk and credit administration.
Donald Kafka, EVP and COO, retires effective September 15, 2025, and remains an officer until then
Juan Carlos Pavía, EVP and Chief Credit Officer, becomes COO effective August 1, 2025
Pavía, age 45, joined the company in 2014 and has over fifteen years of banking industry experience
No changes were made to Pavía's plans or contracts in connection with the promotion
Intuit said its Executive Vice President and Chief People & Places Officer, Laura Fennell, will transition to a new role effective July 31, 2025, and remain an employee through September 1, 2027 under a transition agreement. Caryl Hilliard, currently Senior Vice President, People & Places, will become Chief People & Places Officer effective August 1, 2025.
Laura Fennell has served as Executive Vice President and Chief People & Places Officer since August 2018.
Fennell's base salary is $770,000 from August 1, 2025 to July 31, 2026, with a 50% target bonus, then $200,000 with a 30% target bonus through September 1, 2027.
Fennell's previously granted equity awards will continue to vest during the transition period.
Caryl Hilliard takes the Chief People & Places Officer role effective August 1, 2025.
Onto Innovation appointed Brian Roberts as Chief Financial Officer effective June 16, 2025, replacing the prior arrangement as stated in the filing's announcement of June 12, 2025. Roberts previously served as CFO of Sensata Technologies from October 2023 to May 2025, and his pay package includes a $525,000 base salary, an 80% target bonus and a $2.2 million restricted stock unit grant.
Brian Roberts, 54, becomes CFO and principal financial and accounting officer effective June 16, 2025
Base salary of $525,000 with an 80% target cash bonus and a $250,000 one-time signing bonus
One-time equity grant of time-based restricted stock units valued at $2,200,000, vesting over three years
Employment agreement runs through September 2, 2026, with automatic one-year renewals and severance of one times base salary
BWX Technologies (BWXT) appointed Kevin M. McCoy as Chief Nuclear Officer, effective June 16, 2025, to support Navy submarine production work with Electric Boat and Huntington Ingalls. Joseph K. Miller succeeded McCoy as President, Government Operations, on the same date, and Katherine Kelly was named President of BWXT Advanced Technologies. The filing discloses leadership changes only and includes no financial results or guidance.
Kevin M. McCoy appointed Chief Nuclear Officer, effective June 16, 2025
Joseph K. Miller succeeds McCoy as President, Government Operations, effective June 16, 2025
Katherine (Kate) Haggerty Kelly succeeds Miller as President of BWXT Advanced Technologies
McCoy previously served as Government Operations president since 2022
Berto Acquisition Corp. appointed Vikas Mittal as chief financial officer effective June 13, 2025, replacing Harry L. You, who resigned as interim CFO but remains Executive Chairman. The company will pay a $37,500 quarterly fee to Meteora Capital, LLC, for making Mittal available for the role, which is a fixed cost shareholders will bear.
Harry L. You resigned as interim Chief Financial Officer effective immediately on June 13, 2025, and said the resignation did not involve disagreements with the Board; he continues as Executive Chairman.
Vikas Mittal, 45, is Managing Member and Chief Investment Officer of Meteora Capital, LLC, and has served as CEO and CFO of Investcorp Europe Acquisition Corp. I since December 2024.
The CFO Services Agreement with Meteora requires a quarterly fee of $37,500.
Mittal received an Indemnity Agreement and an Omnibus Joinder to the Letter Agreement and Registration Rights Agreement, dated June 13, 2025.
Employers Holdings said its Executive Vice President and Chief Legal Officer, Lori A. Brown, intends to retire on January 9, 2026. She will remain CLO until a successor is appointed, after which she is expected to serve as a senior advisor during a transition period. The company plans a nationwide search for her successor.
Lori A. Brown notified the company on June 11, 2025 of her intention to retire on January 9, 2026.
Brown will continue as CLO until her successor takes office, then is expected to serve as senior advisor during a transition period.
The company will launch a nationwide search for a new Chief Legal Officer.
Doximity said co-founder Dr. Nathan Gross will step down as Chief Strategy Officer effective June 16, 2025, and become an advisor under an Independent Contractor Agreement dated June 13, 2025. The filing says he will receive no cash compensation for advisory services, and his existing equity awards will continue to vest through September 2025.
Dr. Nathan Gross notified the company on June 10, 2025 of his transition; the change takes effect June 16, 2025.
Advisor Agreement is dated June 13, 2025 and runs until terminated under its terms; no cash compensation will be paid.
RSU and option awards granted to Dr. Gross will continue to vest through September 2025.
The company expects to file the Advisor Agreement as an exhibit to its Form 10-Q for the quarter ending June 30, 2025.
Onto Innovation and Chief Financial Officer Mark Slicer agreed on June 12, 2025 to end his employment with the company, effective immediately. The filing says the separation was not the result of any disagreement over operations, policies or practices, and it does not name a successor.
Mark Slicer, CFO and principal financial and accounting officer, separated from the company on June 12, 2025
Termination was by mutual agreement, effective immediately
Filing states the separation was not due to any disagreement on operations, policies or practices
Pentair restructured its sustainability function and eliminated the Chief Sustainability Officer role. Executive Vice President Karla C. Robertson, who also served as General Counsel and Secretary, resigned effective June 10, 2025, and Aaron Gunderson, Associate General Counsel, is serving as interim General Counsel and Secretary while Pentair selects a permanent successor. The filing describes this as a leadership change, not a financial event, and reports no figures.
Karla C. Robertson resigned on June 10, 2025; her last day was the same date
Her severance benefits are governed by the Pentair plc Executive Officer Severance Plan, subject to its conditions
Sustainability team now reports to the Chief Technology Officer
Aaron Gunderson, Associate General Counsel, is interim General Counsel and Secretary
Interface, Inc. said it will eliminate the Chief Innovation & Sustainability Officer position held by Nigel Stansfield later this year. His employment is expected to end on September 1, 2025, and he will receive termination-without-cause benefits under agreements dated August 15, 2022. The filing is an executive departure and does not include any financial results or guidance.
Position of Chief Innovation & Sustainability Officer to be eliminated; held by Nigel Stansfield
Employment expected to end September 1, 2025; he remains in the role until then
Departure benefits follow a termination without cause under agreements dated August 15, 2022
Sterling Infrastructure appointed Nicholas Grindstaff, 62, as Chief Financial Officer and principal accounting officer, effective July 10, 2025, succeeding Ron Ballschmiede. Grindstaff previously served as CFO of Cinterra and Orbital Infrastructure Group, and held finance roles at Quanta Services. The change in the top finance role and his pay package are the key items for shareholders to note.
Nicholas Grindstaff, 62, becomes CFO effective July 10, 2025, succeeding Ron Ballschmiede
Base salary of $600,000, a $200,000 sign-on bonus, and a one-time grant of 5,000 time-based restricted stock units vesting over three years
Target short-term cash incentive of 75% of base salary and target long-term equity award of 115% of base salary, both pro-rated for 2025
Ballschmiede will remain Executive Vice President until his retirement, expected in 2025, to assist the transition
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.