CTS Corp Reports Director Changes and Compensation Adjustments
Ticker: CTS · Form: 8-K · Filed: Jul 2, 2025 · CIK: 26058
| Field | Detail |
|---|---|
| Company | Cts Corp (CTS) |
| Form Type | 8-K |
| Filed Date | Jul 2, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: director-change, officer-compensation, governance
TL;DR
CTS Corp board shakeup: Leman out, Gannon in, exec pay reviewed.
AI Summary
On July 1, 2025, CTS Corporation filed an 8-K report detailing the departure of a director, the election of a new director, and changes in officer compensation. Specifically, the filing notes the resignation of Robert J. Leman from the Board of Directors and the appointment of Michael G. Gannon as a new director.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance changes and compensation adjustments, which typically carry low immediate risk.
Key Players & Entities
- CTS Corporation (company) — Registrant
- Robert J. Leman (person) — Departing Director
- Michael G. Gannon (person) — Newly Elected Director
- July 01, 2025 (date) — Date of earliest event reported
FAQ
Who has departed from CTS Corporation's Board of Directors?
Robert J. Leman has departed from CTS Corporation's Board of Directors.
Who has been elected as a new director to CTS Corporation's Board?
Michael G. Gannon has been elected as a new director to CTS Corporation's Board.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is July 01, 2025.
What is the principal executive office address for CTS Corporation?
The principal executive office address for CTS Corporation is 4925 Indiana Avenue, Lisle, Illinois 60532.
What is the IRS Employer Identification Number for CTS Corporation?
The IRS Employer Identification Number for CTS Corporation is 35-0225010.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on July 2, 2025 by Robert J. Leman regarding CTS CORP (CTS).