Every material Form 8-K Mueller Water Products filed with the SEC in 2024, 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.
Mueller Water Products amended the employment terms of CEO Marietta Edmunds Zakas through a letter agreement dated December 9, 2024, effective December 4, 2024. Her prior agreement had provided full severance if she was terminated without cause or for good reason even without a change in control; she has agreed to forgo that benefit, so the change-in-control terms now apply only after a change in control. Her base salary floor, bonus and incentive targets, and several perquisites are unchanged or were modestly enhanced.
Letter agreement dated December 9, 2024, effective December 4, 2024, supersedes the August 21, 2023 side letter
Zakas agreed to forgo full severance on termination without cause or for good reason absent a change in control
Salary floor of $900,000; target bonus of at least 110% and target long-term incentive of at least 333% of base salary
Car allowance raised from $1,500 to $2,000 per month; financial planning reimbursement up to $10,000 per year
Mueller Water Products reported fourth-quarter fiscal 2024 net sales of $348.2 million, up 15.5% from a year earlier, but GAAP net income fell to $10.0 million from $17.2 million after a $16.3 million goodwill impairment and an $8.7 million warranty charge. For the full fiscal year, net income rose to $115.9 million and diluted EPS to $0.74, and the company introduced fiscal 2025 net sales guidance of $1.34 billion to $1.36 billion and adjusted EBITDA guidance of $300 million to $305 million.
Q4 net sales $348.2 million vs. $301.4 million; Q4 diluted EPS $0.06 vs. $0.11, while adjusted diluted EPS rose 15.8% to $0.22
Fiscal 2024 net income $115.9 million vs. $85.5 million; diluted EPS $0.74 vs. $0.55; free cash flow $191.4 million vs. $61.4 million
Fiscal 2025 guidance: net sales $1,340 million to $1,360 million; adjusted EBITDA $300 million to $305 million
Year-end cash and cash equivalents $309.9 million against total debt of $449.5 million
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Mueller Water Products filing is on SEC EDGAR ↗. 8-K briefs of other companies →