Brady Corp CFO Departs; New Directors Elected
Ticker: BRC · Form: 8-K · Filed: Sep 10, 2024 · CIK: 746598
Sentiment: neutral
Topics: management-change, board-composition, personnel-change
Related Tickers: BRC
TL;DR
Brady Corp CFO out, interim CFO in, two new directors join the board.
AI Summary
Brady Corp announced on September 4, 2024, the departure of its Chief Financial Officer, Jeffrey N. Ryan, effective September 3, 2024. The company has appointed Ann M. Gunter as interim CFO. Brady Corp also announced the election of two new directors, Michael J. Nall and Michael J. Smith, to its Board of Directors, effective September 4, 2024.
Why It Matters
The departure of a CFO can signal changes in financial strategy or performance, while the addition of new directors may indicate a shift in board oversight or strategic direction.
Risk Assessment
Risk Level: medium — Changes in key financial leadership and board composition can introduce uncertainty regarding future company strategy and performance.
Key Players & Entities
- Brady Corp (company) — Registrant
- Jeffrey N. Ryan (person) — Departing Chief Financial Officer
- Ann M. Gunter (person) — Interim Chief Financial Officer
- Michael J. Nall (person) — Newly Elected Director
- Michael J. Smith (person) — Newly Elected Director
- September 4, 2024 (date) — Date of Report and Director Election
- September 3, 2024 (date) — Effective Date of CFO Departure
FAQ
Who has been appointed as the interim Chief Financial Officer of Brady Corp?
Ann M. Gunter has been appointed as the interim Chief Financial Officer of Brady Corp.
When was the departure of Jeffrey N. Ryan as CFO effective?
The departure of Jeffrey N. Ryan as CFO was effective September 3, 2024.
How many new directors were elected to Brady Corp's Board of Directors?
Two new directors, Michael J. Nall and Michael J. Smith, were elected to Brady Corp's Board of Directors.
What is the effective date for the election of the new directors?
The election of the new directors is effective September 4, 2024.
What is Brady Corp's principal executive office address?
Brady Corp's principal executive offices are located at 6555 West Good Hope Road, Milwaukee, Wisconsin 53223.
Filing Stats: 626 words · 3 min read · ~2 pages · Grade level 11.4 · Accepted 2024-09-10 07:03:27
Key Financial Figures
- $0.01 — ass A Nonvoting Common Stock, par value $0.01 per share BRC New York Stock Exchange
- $135,000 — -K. Ms. Cusack will receive an award of $135,000 in fair value of unrestricted Class A N
Filing Documents
- brc-20240904.htm (8-K) — 29KB
- exhibit991pressrelease-910.htm (EX-99.1) — 7KB
- 0000746598-24-000073.txt ( ) — 167KB
- brc-20240904.xsd (EX-101.SCH) — 2KB
- brc-20240904_lab.xml (EX-101.LAB) — 24KB
- brc-20240904_pre.xml (EX-101.PRE) — 14KB
- brc-20240904_htm.xml (XML) — 3KB
01 FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits EXHIBIT NUMBER DESCRIPTION 99.1 Press Release of Brady Corporation, dated September 10, 2024, relating to the election of Deidre Cusack to the Board of Directors. 104 Cover Page Interactive Data File (embedded within Inline XBRL document). SIGNATURE 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. BRADY CORPORATION Date: September 10, 2024 /s/ ANN E. THORNTON Ann E. Thornton Chief Financial Officer, Chief Accounting Officer and Treasurer