American Vanguard Appoints New CEO, David T. Jones
Ticker: AVD · Form: 8-K · Filed: Mar 12, 2024 · CIK: 5981
Sentiment: neutral
Topics: leadership-change, executive-appointment
Related Tickers: AVD
TL;DR
AVD's CEO is out, President David Jones takes over. New COO named too.
AI Summary
On March 6, 2024, American Vanguard Corporation (AVD) announced the appointment of David T. Jones as its new Chief Executive Officer, succeeding Eric W. Wintemute. Jones, who previously served as President and Chief Operating Officer, will also join the Board of Directors. The company also announced the appointment of Christopher J. Simon as President and Chief Operating Officer.
Why It Matters
This leadership change at American Vanguard Corporation signals a new direction for the company, potentially impacting its strategic initiatives and operational focus in the agricultural chemicals sector.
Risk Assessment
Risk Level: medium — CEO transitions can introduce uncertainty regarding future strategy and operational execution.
Key Players & Entities
- American Vanguard Corporation (company) — Registrant
- David T. Jones (person) — Appointed CEO and Board Member
- Eric W. Wintemute (person) — Outgoing CEO
- Christopher J. Simon (person) — Appointed President and COO
- March 6, 2024 (date) — Date of earliest event reported
FAQ
Who has been appointed as the new Chief Executive Officer of American Vanguard Corporation?
David T. Jones has been appointed as the new Chief Executive Officer of American Vanguard Corporation.
Who did David T. Jones succeed as CEO?
David T. Jones succeeded Eric W. Wintemute as CEO.
What other executive role has David T. Jones held at American Vanguard Corporation?
David T. Jones previously served as President and Chief Operating Officer.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on March 6, 2024.
Who has been appointed as the new President and Chief Operating Officer?
Christopher J. Simon has been appointed as the new President and Chief Operating Officer.
Filing Stats: 978 words · 4 min read · ~3 pages · Grade level 11.3 · Accepted 2024-03-12 16:05:06
Key Financial Figures
- $0.03 — ounced a cash dividend in the amount of $0.03 per share of common stock to holders of
Filing Documents
- d758429d8k.htm (8-K) — 28KB
- d758429dex991.htm (EX-99.1) — 8KB
- d758429dex992.htm (EX-99.2) — 38KB
- d758429dex993.htm (EX-99.3) — 8KB
- g758429g0311110607965.jpg (GRAPHIC) — 4KB
- g758429g0312224553450.jpg (GRAPHIC) — 4KB
- 0001193125-24-065851.txt ( ) — 231KB
- avd-20240306.xsd (EX-101.SCH) — 3KB
- avd-20240306_lab.xml (EX-101.LAB) — 17KB
- avd-20240306_pre.xml (EX-101.PRE) — 11KB
- d758429d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit 99.1 Press release dated March 7, 2024, of American Vanguard Corporation announcing the retirement and appointment of a director. Exhibit 99.2 Severance Pay Plan for Senior Executive Employees adopted by Registrant as of March 6, 2024. Exhibit 99.3 Press release dated March 11, 2024, of Registrant declaring a cash dividend. 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, American Vanguard Corporation has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. AMERICAN VANGUARD CORPORATION Date: March 12, 2024 By: /s/ Timothy J. Donnelly Timothy J. Donnelly Chief Administrative Officer, General Counsel & Secretary