Dorman Products names Charles W. Rayfield as CFO; David Hession moves to advisor role
Dorman Products appointed Charles W. Rayfield as Senior Vice President, Chief Financial Officer Designate and Treasurer effective January 19, 2026, and he will become CFO after the company files its 2025 Form 10-K. David M. Hession, who previously announced his retirement, will remain CFO until that filing, then serve as Advisor to the President and CEO through March 5, 2027, with his base salary reduced to $50,000.
Key points
- Rayfield's annualized base salary is $525,000, with a target annual bonus of 75% of base salary and a sign-on cash bonus of $350,000 payable in March 2026.
- Rayfield's target equity award is $500,000, or $600,000 for the March 2026 annual grant cycle.
- Hession's base salary will be adjusted to $50,000 effective at the Transition Date, and he will no longer be eligible for the annual cash bonus program.
- Jeffrey L. Darby's role changes to Senior Vice President, Enterprise Sales, effective January 19, 2026.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 20, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.