American Vanguard Appoints New CEO, David T. Jones
Ticker: AVD · Form: 8-K · Filed: Dec 6, 2024 · CIK: 5981
| Field | Detail |
|---|---|
| Company | American Vanguard CORP (AVD) |
| Form Type | 8-K |
| Filed Date | Dec 6, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $120,000, $650,000, $300,000, $1.5 million, $337,500 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, executive-appointment, director-retirement
Related Tickers: AVD
TL;DR
AVD's CEO is out, David T. Jones is in as CEO and board member. Aldous out.
AI Summary
On December 3, 2024, American Vanguard Corporation announced the appointment of David T. Jones as Chief Executive Officer, succeeding Christopher T. Aldous. Jones, who previously served as President and Chief Operating Officer, will also join the Board of Directors. The company also announced the retirement of Director Eric W. Wintemute.
Why It Matters
This leadership change at American Vanguard Corporation could signal a new strategic direction for the company, impacting its future growth and operational focus.
Risk Assessment
Risk Level: medium — CEO transitions can introduce uncertainty regarding future strategy and operational execution.
Key Players & Entities
- David T. Jones (person) — Appointed Chief Executive Officer and Director
- Christopher T. Aldous (person) — Departing Chief Executive Officer
- Eric W. Wintemute (person) — Retiring Director
- American Vanguard Corporation (company) — Registrant
- December 3, 2024 (date) — Date of earliest event reported
FAQ
Who has been appointed as the new CEO of American Vanguard Corporation?
David T. Jones has been appointed as the new Chief Executive Officer of American Vanguard Corporation.
Who is David T. Jones succeeding as CEO?
David T. Jones is succeeding Christopher T. Aldous as CEO.
When was the earliest event reported in this filing?
The earliest event reported in this filing was on December 3, 2024.
What other role will David T. Jones assume?
David T. Jones will also join the Board of Directors.
Who is retiring from the Board of Directors?
Director Eric W. Wintemute is retiring from the Board of Directors.
Filing Stats: 1,077 words · 4 min read · ~4 pages · Grade level 12.9 · Accepted 2024-12-05 20:22:00
Key Financial Figures
- $120,000 — , in which the amount involved exceeded $120,000 and in which any related person had or
- $650,000 — following material terms: base wage of $650,000; target cash incentive compensation of
- $300,000 — out potential of 180%; initial bonus of $300,000 (to be paid in part in Q1 2025 and in p
- $1.5 million — life insurance policy having limits of $1.5 million; performance share units having face va
- $337,500 — rmance share units having face value of $337,500 vesting in equal tranches on each anniv
- $675,000 — ance share units having a face value of $675,000 which will vest in equal tranches when
Filing Documents
- d919716d8k.htm (8-K) — 29KB
- d919716dex101.htm (EX-10.1) — 112KB
- d919716dex991.htm (EX-99.1) — 10KB
- g919716g1206001525651.jpg (GRAPHIC) — 4KB
- 0001193125-24-271763.txt ( ) — 314KB
- avd-20241203.xsd (EX-101.SCH) — 3KB
- avd-20241203_lab.xml (EX-101.LAB) — 17KB
- avd-20241203_pre.xml (EX-101.PRE) — 11KB
- d919716d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit 10.1 Executive Employment Agreement dated as of December 9, 2024, by and between Registrant and Douglas A. Kaye III. Exhibit 99.1 Press release dated December 5, 2024, of Registrant regarding the appointment of a new chief executive officer. 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: December 6, 2024 By: /s/ Timothy J. Donnelly Timothy J. Donnelly Acting Chief Executive Officer, Chief Information Officer, General Counsel & Secretary