Every material Form 8-K Graco has filed with the SEC since June 21, 2023, 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). Newest first; each brief links to its own page and to the filing on SEC.gov.
Graco Inc. appointed Richard B. Lewis, President and CEO of Donaldson Company, as a director effective December 3, 2026, and named him to the Audit Committee. The filing describes a board addition, not a change in executive leadership or financial results.
Richard B. Lewis appointed to Graco's Board of Directors on September 11, 2026, effective December 3, 2026.
Lewis is in the class of directors whose terms expire at the 2027 annual meeting.
Lewis will serve on the Board's Audit Committee, effective December 3, 2026.
Lewis has been President and CEO of Donaldson Company since March 2026.
Graco Inc. said its Board appointed Steven B. Hedlund, President and CEO of Lincoln Electric Holdings, as a director effective September 10, 2026. He will also serve on the Audit Committee and the Management Organization and Compensation Committee, and his initial equity award will be pro-rated for his partial year of service.
Board appointment made June 12, 2026; effective September 10, 2026
Hedlund is President, CEO and Chairman of Lincoln Electric Holdings, a role held since January 2024
Serves on Audit Committee and Management Organization and Compensation Committee
Term expires at the 2027 annual meeting of shareholders
Graco Inc. appointed Sanjiv Gupta, currently Vice President & Chief Financial Officer, GM International at General Motors, as its Chief Financial Officer and Treasurer effective April 15, 2026. He succeeds David M. Lowe, who gave notice of his retirement on February 27, 2026 and will stay in a non-executive role through May 2026 to assist the transition.
Sanjiv Gupta, age 52, becomes CFO and Treasurer effective April 15, 2026, succeeding David M. Lowe.
Gupta's base salary is $575,000, with an annual incentive target of 75% of base salary.
Gupta receives a sign-on stock option award with a grant date fair value of $1,175,000, plus an equity award of $1,400,000 that includes $1,120,000 in RSUs and $280,000 in stock options.
Lowe remains with the company in a non-executive capacity through May 2026.
Graco Inc. director Brett C. Carter resigned from the company's Board effective February 13, 2026, to pursue other commitments, according to the filing. The filing says the resignation was not due to any disagreement with the Board or management on operations, policies or practices.
Brett C. Carter notified the Board on February 12, 2026, of his decision to resign, effective February 13, 2026.
Carter served on the Audit Committee and the Management Organization and Compensation Committee.
His board term would have expired at the 2027 annual meeting of shareholders.
The filing states no disagreement with the Board or management led to the resignation.
Graco reported record fourth-quarter net sales of $593.2 million, up 8%, and record full-year net sales of $2.24 billion, up 6%. Diluted earnings per share rose 25% to $0.79 for the quarter and 9% to $3.08 for the year. The company also initiated 2026 guidance calling for low single-digit organic sales growth at constant currency and mid-single-digit sales growth including acquisitions.
Q4 net sales $593.2 million, up 8%; full-year net sales $2.24 billion, up 6%
Q4 net earnings $132.5 million, up 22%; full-year net earnings $521.8 million, up 7%
Full-year diluted EPS $3.08 as reported, $2.95 adjusted (non-GAAP), up 6% on an adjusted basis
2026 guidance: low single-digit organic sales growth at constant currency; mid-single-digit growth including acquisitions
Graco Inc. said its board appointed Andrea (Andi) H. Simon as a director, effective December 5, 2025, filling a seat in the class whose terms expire at the 2026 annual meeting. She also joins the Audit Committee and the Management Organization and Compensation Committee on the same date. Simon is currently Executive Vice President and Chief Financial Officer of MasterBrand, Inc.
Appointment effective December 5, 2025; term class expires at the 2026 annual meeting of shareholders
Simon will serve on the Audit Committee and the Management Organization and Compensation Committee
Simon has been CFO of MasterBrand, Inc. (NYSE: MBC) since 2020, and previously held roles at The Weir Group plc, Briggs & Stratton and Arthur Andersen
Director compensation will follow the standard arrangement described in the 2025 Proxy Statement
Graco reported fourth-quarter 2024 results on January 27, 2025, with net sales down 3% and operating earnings down 23% from a year earlier. For the full year, net sales fell 4% to $2.1 billion and diluted earnings per share fell to $2.82 from $2.94. The company initiated a 2025 outlook for low single-digit sales growth on an organic, constant currency basis, its first forward view after a year of slower demand.
Fourth-quarter net sales were $548.7 million, down 3% from $566.6 million a year earlier; operating earnings fell 23% to $130.0 million.
Fourth-quarter diluted EPS was $0.63 versus $0.64; adjusted diluted EPS was $0.64 versus $0.80.
Full-year net sales were $2.1 billion, down 4%; full-year diluted EPS was $2.82 versus $2.94.
2025 outlook calls for low single-digit sales growth on an organic, constant currency basis.
Graco Inc. amended its Amended and Restated Credit Agreement on October 25, 2024, extending the maturity of its $750 million unsecured revolving credit facility from March 25, 2026 to October 25, 2029. The amendment also removes margin and facility fee adjustments that would have applied after a significant acquisition completed before December 31, 2023, which gives the company a longer, more predictable borrowing period.
Maturity of the $750 million unsecured revolving credit facility extended from March 25, 2026 to October 25, 2029
Amendment No. 3 signed with U.S. Bank National Association as administrative agent
Removes pricing adjustments to base rate and non-base rate loan margins and the facility fee rate tied to a significant acquisition
Graco announced a global organizational redesign that takes effect January 1, 2025, combining its regions into four business divisions and three reportable segments. Caroline Chambers, President, EMEA, will leave the company on December 31, 2024, and is entitled to severance under her Key Employee Agreement, subject to signing a release of claims. The filing does not include financial results or guidance, so its near-term effect on shareholders is not quantified.
Four business divisions from January 1, 2025: Industrial, Expansion Markets, Contractor and Powder
Three reportable segments starting with first-quarter 2025 results: Contractor, Industrial and Expansion Markets
Recast segment information is expected with fourth-quarter 2024 earnings
Caroline Chambers, President, EMEA, departs December 31, 2024; severance is subject to a release of claims
Graco said President of its Worldwide Industrial Division Christian E. Rothe announced on July 15, 2024, that he intends to resign from his employment and position, effective August 1, 2024. The filing does not state a successor or the reasons for the departure.
Christian E. Rothe announced his intention to resign on July 15, 2024.
His resignation as President, Worldwide Industrial Division takes effect August 1, 2024.
The filing does not name a successor or give a reason for the departure.
Graco directors Lee R. Mitau and R. William Van Sant left the Board on April 26, 2024, the day of the Annual Meeting. At the same meeting, shareholders approved the Amended and Restated 2019 Stock Incentive Plan, which adds 5,000,000 shares and extends the plan to April 26, 2034, and they elected three directors and ratified Deloitte & Touche LLP as auditor for fiscal 2024.
Lee R. Mitau retired under the Company's age-75 guideline; he reached 75 in October 2023.
R. William Van Sant's term expired at the Annual Meeting and he did not stand for re-election.
The Amended 2019 Plan adds 5,000,000 shares and extends its term to April 26, 2034; it received 129,931,724 votes for and 10,297,931 against.
Deloitte & Touche LLP was ratified for fiscal 2024 with 140,113,716 votes for and 9,660,446 against.
Graco's board appointed director J. Kevin Gilligan as Chair of the Board and Chair of the Governance Committee on February 16, 2024, succeeding Lee R. Mitau. Mitau is retiring from the board under the company's age-75 retirement standard, and director R. William Van Sant is also leaving at the April 2024 annual meeting. The change shifts board leadership but the filing gives no financial figures.
J. Kevin Gilligan appointed Chair of the Board and Chair of the Governance Committee, effective February 16, 2024.
Lee R. Mitau, who reached age 75 in October 2023, retires from the board effective at the Annual Meeting on April 26, 2024.
R. William Van Sant's director term expires at the Annual Meeting; he will retire and not stand for re-election.
Graco reported record fourth-quarter and full-year 2023 sales and operating earnings, with net sales up 2% for the quarter to $566.6 million. A $42 million non-cash pension settlement loss cut fourth-quarter GAAP diluted earnings per share to $0.64 from $0.74, although adjusted EPS rose to $0.80 from $0.73. The company also initiated 2024 revenue guidance of low single-digit growth on an organic, constant currency basis.
Q4 net sales were $566.6 million, up 2%; full-year net sales were $2.2 billion, up 2%.
Q4 net earnings were $110.0 million, down 13%, after a $42 million non-cash pension settlement loss; GAAP diluted EPS was $0.64 versus $0.74.
Adjusted Q4 diluted EPS rose to $0.80 from $0.73; full-year GAAP diluted EPS was $2.94, up 11%.
For 2024, Graco initiated revenue guidance of low single-digit growth on an organic, constant currency basis.
Graco said Dale D. Johnson, President of the Worldwide Contractor Equipment Division, plans to retire in the first quarter of 2025. David J. Thompson, currently Vice President of Engineering for that division, will succeed him as president effective January 1, 2024, while Johnson becomes Chief Commercial Development Officer. The filing describes a planned leadership transition in a division the company says has grown to more than $1 billion in business, and it reports no related compensation actions.
Dale D. Johnson to retire in the first quarter of 2025, after almost five decades at Graco
David J. Thompson to become President, Worldwide Contractor Equipment Division, effective January 1, 2024
Johnson to become Chief Commercial Development Officer on January 1, 2024 and remain an executive officer
No compensatory arrangements reportable under Form 8-K as of the filing date
Graco said its President of the Electric Motor Division and a named executive officer, Jeffrey P. Johnson, told the company on June 16, 2023 that he intends to retire effective December 31, 2023. The filing does not name a successor or describe any change to his compensation.
Jeffrey P. Johnson, President, Electric Motor Division, informed Graco of his retirement intention on June 16, 2023.
Retirement is effective December 31, 2023.
The filing does not name a successor or describe compensation changes.
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