Every material Form 8-K Paccar filed with the SEC in 2025, 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.
PACCAR said Kevin D. Baney will be promoted to President effective January 1, 2026, and John N. Rich to Executive Vice President and Chief Technology Officer on the same date. The changes reshape senior leadership responsibilities, with Baney taking on PACCAR Parts and Rich overseeing global technology initiatives and Peterbilt Motors Company.
Kevin D. Baney, 55, promoted to President effective January 1, 2026; has worked at PACCAR 31 years
Baney keeps DAF Trucks, PACCAR Financial Services and Investor Relations, and adds PACCAR Parts
John N. Rich promoted to Executive Vice President and Chief Technology Officer effective January 1, 2026
Rich oversees global technology initiatives and Peterbilt Motors Company; Laura J. Bloch keeps Kenworth and adds Dynacraft
PACCAR reported third quarter 2025 net income of $590.0 million, or $1.12 per diluted share, down from $972.1 million, or $1.85 per diluted share, in the same quarter of 2024. Revenues fell to $6.67 billion from $8.24 billion, as truck pretax income dropped to $102.5 million from $630.8 million, while parts and financial services pretax income rose, for shareholders the quarter shows a sharp decline in profit.
Q3 2025 net income was $590.0 million ($1.12 per diluted share) versus $972.1 million ($1.85) in Q3 2024.
Q3 2025 revenues were $6.67 billion versus $8.24 billion; truck pretax income was $102.5 million versus $630.8 million.
PACCAR Parts pretax income rose to $410.0 million from $406.7 million, and PACCAR Financial Services pretax income rose to $126.2 million from $106.5 million.
Nine-month 2025 net income of $1.82 billion includes a $264.5 million after-tax charge for European civil litigation; adjusted net income (non-GAAP) was $2.08 billion.
PACCAR said Executive Vice President Darrin C. Siver announced his retirement on September 2, 2025, after 32 years with the company, effective January 5, 2026. The filing also reassigns responsibilities for two senior vice presidents, effective the same date, including John N. Rich taking on Peterbilt Motors Company. The filing does not report any financial results or change to guidance.
Darrin C. Siver, Executive Vice President, announced retirement on September 2, 2025, after 32 years of service
Retirement effective January 5, 2026
John N. Rich, SVP and Chief Technology Officer, will also assume responsibility for Peterbilt Motors Company effective January 5, 2026
Laura J. Bloch, SVP, will add Corporate Quality and Purchasing while keeping Kenworth Truck Company and PACCAR Parts
PACCAR reported second-quarter 2025 net income of $723.8 million, or $1.37 per diluted share, down from $1.12 billion, or $2.13 per share, in the same quarter of 2024. Second-quarter net sales and financial services revenues fell to $7.51 billion from $8.77 billion, although PACCAR Parts reported record quarterly revenue of $1.72 billion. The filing does not revise guidance, but the lower profit and revenue are the main points for shareholders.
Q2 2025 net income of $723.8 million ($1.37 per diluted share) versus $1.12 billion ($2.13 per diluted share) in Q2 2024.
Q2 2025 net sales and financial services revenues of $7.51 billion versus $8.77 billion a year earlier.
PACCAR Parts reported record quarterly revenue of $1.72 billion and pre-tax income of $416.5 million.
First-half net income of $1.23 billion includes a $264.5 million after-tax charge for civil litigation in Europe; adjusted net income (non-GAAP) was $1.49 billion.
At its April 29, 2025 annual meeting, PACCAR shareholders elected 12 directors with terms expiring in 2026, approved the advisory executive compensation resolution, and ratified the independent auditors. A stockholder proposal for a shareholder vote on excessive golden parachutes did not pass. The filing also recalculates CEO R. P. Feight's 2024 total compensation to $17,364,223 after including 2022-2024 long-term cash awards approved on April 28, 2025.
Annual meeting held April 29, 2025; 12 directors elected with terms expiring in 2026
Advisory say-on-pay resolution: 430,942,525 shares for and 27,601,495 against
Golden parachute proposal failed: 145,604,574 shares for and 311,616,163 against
Feight's recalculated 2024 total compensation: $17,364,223; CEO-to-median-employee pay ratio of 189 to 1
PACCAR reported first quarter 2025 revenue of $7.44 billion, down from $8.74 billion a year earlier, and net income of $505.1 million ($0.96 per diluted share), down from $1.20 billion ($2.27 per diluted share). The results include a $264.5 million after-tax charge for civil litigation in Europe, and the company said it is making progress on substantially resolving that litigation.
Consolidated revenue was $7.44 billion versus $8.74 billion in the first quarter of 2024.
Net income was $505.1 million ($0.96 per diluted share), including a $264.5 million after-tax EC-related litigation charge; adjusted net income (non-GAAP) was $769.6 million ($1.46 per diluted share).
PACCAR Parts reported record first quarter revenue of $1.69 billion, with pretax income of $426.5 million versus $455.8 million a year earlier.
PACCAR's President and Chief Financial Officer, Harrie Schippers, announced his retirement after 39 years of service, effective June 2, 2025. Controller Brice Poplawski will be promoted to Senior Vice President and Chief Financial Officer on the same date, and Kevin Baney will take on PACCAR Financial Services and Investor Relations responsibilities. The filing describes a planned leadership transition and does not report any financial results.
Harrie Schippers, President and CFO, retires effective June 2, 2025, after 39 years at PACCAR.
Brice Poplawski, 61, becomes Senior Vice President and CFO effective June 2, 2025; he has been Vice President and Controller since June 2023 and has worked at the company 27 years.
Kevin Baney, Executive Vice President, keeps DAF Trucks and adds PACCAR Financial Services and Investor Relations, effective June 2, 2025.
PACCAR reported fourth-quarter 2024 revenue of $7.91 billion and net income of $872.0 million ($1.66 per diluted share), down from $9.08 billion and $1.42 billion ($2.70 per diluted share) a year earlier. For full-year 2024, revenue was $33.66 billion and net income was $4.16 billion ($7.90 per diluted share), versus $35.13 billion and $4.60 billion ($8.76) in 2023, a year that included a $446.4 million after-tax charge tied to European civil litigation. The company also raised its regular quarterly dividend 10% to 33 cents per share, payable March 5, 2025.
Q4 2024 net income was $872.0 million ($1.66 per diluted share), versus $1.42 billion ($2.70 per diluted share) in Q4 2023.
Full-year 2024 net income was $4.16 billion ($7.90 per diluted share), versus $4.60 billion ($8.76) in 2023.
Regular quarterly dividend raised 10% to 33 cents per share, payable March 5, 2025.
Conference call with securities analysts on January 28, 2025, at 9:00 a.m. Pacific time.
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 Paccar filing is on SEC EDGAR ↗. 8-K briefs of other companies →