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AI brief of an SEC Form 8-K · HYSTER-YALE, INC. (HY)

Hyster-Yale names Matthew Cornell CFO, effective November 1, 2026

Neutral Impact 4 of 5 leadership Written later

Hyster-Yale's Board appointed Matthew Cornell, formerly a Stanley Black & Decker executive, as Senior Vice President and Chief Financial Officer effective November 1, 2026. CEO Rajiv K. Prasad will remain the principal financial officer until the Form 10-Q for the quarter ending September 30, 2026 is filed, after which Cornell takes over that role on November 4.

Key points

  • Matthew Cornell appointed SVP and CFO effective November 1, 2026
  • Initial base salary set at $605,000 per year, plus incentive and equity awards
  • Prasad serves as principal financial officer until the Q3 2026 Form 10-Q; Cornell assumes the role November 4
  • Cornell previously served as President and General Manager at Stanley Black & Decker from October 2022 to October 2025

The filing

CompanyHYSTER-YALE, INC. (HY)
Form8-K, current report
Filed with the SECOct 15, 2026, 4:37 PM ET
Accession number0001173514-26-000233

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing 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 October 15, 2026.

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.