Atmus Filtration Technologies Inc. Announces Board and Executive Changes
Ticker: ATMU · Form: 8-K · Filed: Apr 19, 2024 · CIK: 1921963
| Field | Detail |
|---|---|
| Company | Atmus Filtration Technologies Inc. (ATMU) |
| Form Type | 8-K |
| Filed Date | Apr 19, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $17,917 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
TL;DR
Board shakeup and exec comp changes at Atmus Filtration. Effective April 15.
AI Summary
Atmus Filtration Technologies Inc. announced on April 15, 2024, changes in its board of directors and executive compensation arrangements. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory plans for key executives. These changes are effective as of April 15, 2024.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategic direction or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can indicate internal shifts that may affect company strategy and performance.
Key Players & Entities
- Atmus Filtration Technologies Inc. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- April 15, 2024 (date) — Date of earliest event reported
- 26 Century Boulevard Nashville, Tennessee 37214 (address) — Principal executive offices
- ( 615 ) 514-7339 (phone_number) — Registrant's telephone number
FAQ
What specific items are being reported in this Form 8-K?
This Form 8-K reports on the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements of certain officers.
What is the exact name of the registrant?
The exact name of the registrant is Atmus Filtration Technologies Inc.
In which state was Atmus Filtration Technologies Inc. incorporated?
Atmus Filtration Technologies Inc. was incorporated in Delaware.
What is the address of the principal executive offices?
The address of the principal executive offices is 26 Century Boulevard, Nashville, Tennessee 37214.
What is the earliest event date reported in this filing?
The earliest event date reported in this filing is April 15, 2024.
Filing Stats: 630 words · 3 min read · ~2 pages · Grade level 12.5 · Accepted 2024-04-19 09:00:19
Key Financial Figures
- $0.0001 — ange on which registered Common stock, $0.0001 par value ATMU NYSE Indicate by c
- $17,917 — 1) salary continuation in the amount of $17,917 semi-monthly from and after April 15, 2
Filing Documents
- ef20027227_8k.htm (8-K) — 29KB
- ef20027227_ex10-1.htm (EX-10.1) — 55KB
- 0001140361-24-020692.txt ( ) — 231KB
- atmu-20240415.xsd (EX-101.SCH) — 4KB
- atmu-20240415_lab.xml (EX-101.LAB) — 21KB
- atmu-20240415_pre.xml (EX-101.PRE) — 16KB
- ef20027227_8k_htm.xml (XML) — 4KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On April 18, 2024, Atmus Filtration Technologies Inc. (the "Company") reached a mutual agreement (the "Separation Agreement") with Toni Y. Hickey pursuant to which Ms. Hickey resigned her role as Chief Legal Officer and Corporate Secretary as of April 15, 2024 and accepted a reassignment to serve in a transitional advisory employment role until her departure from the Company no later than August 18, 2024. Pursuant to the Separation Agreement and in exchange for a release and waiver of claims and confidentiality, non-disclosure, non-disparagement and cooperation covenants in favor of the Company, Ms. Hickey will receive (1) salary continuation in the amount of $17,917 semi-monthly from and after April 15, 2024 to her effective departure date; (2) separation compensation in the amount of $17,917 semi-monthly from and after her effective departure date until April 14, 2025, to be paid as salary continuation; and (3) a prorated bonus for 2024 through her effective departure date, calculated at the actual payout factor and paid at the normal time 2024 bonuses are otherwise paid to qualified employees. Under the terms of the Separation Agreement, during her transition period and through April 14, 2025, Ms. Hickey will also be provided with certain other benefits. The description of the Separation Agreement in this Item 5.02 does not purport to be complete and is qualified in its entirety by reference to the full text of the Separation Agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 10.1 Separation Agreement and General Release, dated April 18, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ATMUS FILTRATION TECHNOLOGIES INC. By: /s/ Stephanie Disher Stephanie Disher Chief Executive Officer April 19, 2024