Brady Corp Appoints New CFO, Sets Compensation
Ticker: BRC · Form: 8-K · Filed: Feb 28, 2025 · CIK: 746598
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
TL;DR
Brady Corp names Brian Boncher new CFO, starting March 3rd with a $450k salary.
AI Summary
On February 25, 2025, Brady Corporation announced changes in its executive team. The company appointed Brian K. Boncher as Executive Vice President, Chief Financial Officer, and Treasurer, effective March 3, 2025. Boncher will receive an annual base salary of $450,000 and is eligible for an annual incentive award of up to 75% of his base salary.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.
Risk Assessment
Risk Level: low — This filing reports routine executive appointments and compensation, which typically carry low risk.
Key Numbers
- $450,000 — CFO Base Salary (Annual compensation for Brian Boncher.)
- 75% — CFO Incentive Potential (Maximum annual incentive award percentage for Brian Boncher.)
Key Players & Entities
- Brady Corporation (company) — Registrant
- Brian K. Boncher (person) — Appointed Executive Vice President, Chief Financial Officer, and Treasurer
- $450,000 (dollar_amount) — Annual base salary for new CFO
- 75% (dollar_amount) — Maximum annual incentive award for new CFO
- March 3, 2025 (date) — Effective date for new CFO appointment
- February 25, 2025 (date) — Date of report
FAQ
Who has been appointed as the new Executive Vice President, Chief Financial Officer, and Treasurer of Brady Corporation?
Brian K. Boncher has been appointed as the new Executive Vice President, Chief Financial Officer, and Treasurer of Brady Corporation.
When is the effective date for Brian K. Boncher's appointment?
Brian K. Boncher's appointment is effective March 3, 2025.
What is Brian K. Boncher's annual base salary?
Brian K. Boncher's annual base salary is $450,000.
What is the maximum annual incentive award Brian K. Boncher is eligible for?
Brian K. Boncher is eligible for an annual incentive award of up to 75% of his base salary.
What is the filing date of this Form 8-K?
This Form 8-K was filed on February 28, 2025, reporting events as of February 25, 2025.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on February 28, 2025 by Brian K. Boncher regarding BRADY CORP (BRC).