Scotts Miracle-Gro names Nate Baxter CEO as Jim Hagedorn steps down
Scotts Miracle-Gro's board named Nathan E. Baxter president and chief executive officer, effective June 26, 2026, and elected him to the board. Jim Hagedorn, CEO since 2001 and chairman since 2003, resigned from the board, and Lead Independent Director Peter Shumlin was elected chairman. The company reaffirmed its fiscal 2026 guidance in the same announcement.
Key points
- Nathan E. (Nate) Baxter, 53, has been president and chief operating officer since November 2024; his base salary is $1,100,000 with a 150% target incentive.
- Baxter will receive a true-up restricted stock unit grant with a grant date value of $2,000,000, and an annual long-term incentive target of $5,250,000 for the upcoming fiscal year.
- Hagedorn's separation payment is $17,400,000, reduced by the value of his accrued pension benefit and paid over twelve months, plus $500,000 in aircraft-related services and $150,000 for administrative support.
- The company reaffirmed fiscal 2026 guidance, including non-GAAP adjusted net income per share from continuing operations of $4.15 to $4.35.
The filing
Written by AI on Nov 8, 2026, 1:01 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 July 01, 2026.
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