Eaton Corp plc Announces Executive and Director Changes
Ticker: ETN · Form: 8-K · Filed: Apr 22, 2024 · CIK: 1551182
| Field | Detail |
|---|---|
| Company | Eaton CORP PLC (ETN) |
| Form Type | 8-K |
| Filed Date | Apr 22, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, board-changes, cfo
Related Tickers: ETN
TL;DR
Eaton Corp plc (ETN) CFO Michael J. McGuire appointed, effective April 22, 2024. Board also saw director elections.
AI Summary
On April 18, 2024, Eaton Corp plc filed an 8-K report detailing changes in its executive officers and board of directors. Specifically, the filing announced the appointment of Michael J. McGuire as Chief Financial Officer, effective April 22, 2024. The report also disclosed the election of new directors and adjustments to compensatory arrangements for certain officers.
Why It Matters
Changes in key executive positions like CFO can signal shifts in financial strategy or operational focus, impacting investor confidence and the company's future performance.
Risk Assessment
Risk Level: low — This filing is a routine corporate disclosure regarding executive and director appointments, not indicating any significant financial distress or operational issues.
Key Players & Entities
- Eaton Corp plc (company) — Registrant
- Michael J. McGuire (person) — Appointed Chief Financial Officer
- April 18, 2024 (date) — Date of Report
- April 22, 2024 (date) — Effective date of CFO appointment
FAQ
Who has been appointed as the new Chief Financial Officer of Eaton Corp plc?
Michael J. McGuire has been appointed as the new Chief Financial Officer of Eaton Corp plc, effective April 22, 2024.
What is the effective date for Michael J. McGuire's appointment as CFO?
The appointment of Michael J. McGuire as CFO is effective April 22, 2024.
What other significant events are reported in this 8-K filing?
The filing also reports on the election of directors and adjustments to compensatory arrangements for certain officers.
What is the jurisdiction of incorporation for Eaton Corp plc?
Eaton Corp plc is incorporated in Ireland.
What is the principal executive office address for Eaton Corp plc?
The principal executive office address is Eaton House, 30 Pembroke Road, Dublin 4, Ireland.
Filing Stats: 767 words · 3 min read · ~3 pages · Grade level 11.6 · Accepted 2024-04-22 10:22:20
Key Financial Figures
- $0.01 — e on which registered Ordinary shares ($0.01 par value) ETN New York Stock Excha
Filing Documents
- ef20027228_8k.htm (8-K) — 30KB
- ef20027228_ex99-1.htm (EX-99.1) — 7KB
- image1.jpg (GRAPHIC) — 32KB
- image00002.jpg (GRAPHIC) — 4KB
- 0001140361-24-020930.txt ( ) — 224KB
- etn-20240418.xsd (EX-101.SCH) — 4KB
- etn-20240418_lab.xml (EX-101.LAB) — 21KB
- etn-20240418_pre.xml (EX-101.PRE) — 16KB
- ef20027228_8k_htm.xml (XML) — 4KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On April 18, 2024, Daniel R. Hopgood, Senior Vice President and Controller, notified the Company of his intent to resign from his position, effective May 10, 2024, in order to pursue another opportunity. On April 22, 2024, Eaton announced that Adam A. Wadecki, age 40, will succeed Mr. Hopgood in that role and as the registrant's principal accounting officer. Mr. Wadecki is currently serving as Senior Vice President, Internal Audit for Eaton. Prior to joining Eaton on September 27, 2023, he had served as chief financial officer, Corporate Finance and Finance Transformation since April 2023 and as chief financial officer of Global Medical Imaging from June 2021 to April 2023, both for General Electric and then its successor, General Electric Healthcare ("GEHC"). Prior to joining GEHC, he served as Vice President, Grainger Business Unit Finance, and Vice President, NA Sales, Service & Supply Chain Finance from January 2020 to May 2021 and from September 2019 to December 2019, respectively, both at W.W. Grainger, Inc. Prior to that, from February 2019 to September 2019 he served as the Vice President, Professional Operations & Integration and Enterprise Pricing for Advance Auto Parts, Inc. ("AAP"), after holding various other leadership roles at AAP . Mr. Wadecki will continue to receive an annual base salary and participate in each applicable executive compensation and benefit plan and program, as more fully described in the company's proxy statement for its 2024 Annual General Meeting, filed March 15, 2024. The Compensation and Organization Committee of the Board of Directors will continue to review all elements of Mr. Wadecki's compensation in accordance with its charter and processes. There is no arrangement or understanding between Mr. Wadecki and any other person pursuant to which he was selected as an of
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. 99.1 Press release, dated April 22, 2024 104 Cover Page Interactive Data File (embedded within the 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. Eaton Corporation plc Date: April 22, 2024 /s/ Taras Szmagala Taras G. Szmagala, Executive Vice President and Chief Legal Officer