H.B. Fuller Announces Executive Changes and Compensation Details
Ticker: FUL · Form: 8-K · Filed: Oct 7, 2024 · CIK: 39368
| Field | Detail |
|---|---|
| Company | Fuller H B Co (FUL) |
| Form Type | 8-K |
| Filed Date | Oct 7, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-changes, compensation, director-departure, officer-appointment
Related Tickers: FUL
TL;DR
HB Fuller's director McVay is out, but now CAO. Exec comp details also filed.
AI Summary
H.B. Fuller Company announced on October 1, 2024, changes in its executive team. Specifically, it reported the departure of Director Michael J. McVay and the appointment of Michael J. McVay as Chief Accounting Officer. The company also disclosed information regarding compensatory arrangements for certain officers.
Why It Matters
Changes in key executive roles and compensation can signal shifts in company strategy or financial priorities, impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine executive and director changes and compensation disclosures, which are common and generally do not indicate significant operational or financial distress.
Key Players & Entities
- H.B. Fuller Company (company) — Reporting entity
- Michael J. McVay (person) — Director and Chief Accounting Officer
FAQ
What was the effective date of the reported changes?
The earliest event reported was as of October 1, 2024.
Who is the reporting company?
The reporting company is H.B. Fuller Company.
What is H.B. Fuller Company's principal executive office address?
The principal executive offices are located at 1200 Willow Lake Boulevard, P.O. Box 64683, St. Paul, Minnesota 55164-0683.
What is the company's telephone number?
The company's telephone number, including area code, is (651) 236-5900.
What specific items are being reported in this 8-K filing?
The filing reports on the Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; and Compensatory Arrangements of Certain Officers.
Filing Stats: 511 words · 2 min read · ~2 pages · Grade level 10.7 · Accepted 2024-10-07 06:12:56
Key Financial Figures
- $1.00 — h registered Common Stock , par value $1.00 FUL NYSE Check the appropriate box
Filing Documents
- ful20241004_8k.htm (8-K) — 22KB
- 0001437749-24-030746.txt ( ) — 150KB
- ful-20241001.xsd (EX-101.SCH) — 3KB
- ful-20241001_def.xml (EX-101.DEF) — 11KB
- ful-20241001_lab.xml (EX-101.LAB) — 15KB
- ful-20241001_pre.xml (EX-101.PRE) — 11KB
- ful20241004_8k_htm.xml (XML) — 3KB
From the Filing
ful20241004_8k.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 1, 2024 H.B. Fuller Company (Exact Name of Company as Specified in Charter) Minnesota 001-09225 41-0268370 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 1200 Willow Lake Boulevard, P.O. Box 64683 , St. Paul , Minnesota 55164-0683 (Address of principal executive offices) (Zip Code) Company's telephone number, including area code: ( 651 ) 236-5900 (Former name or former address, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock , par value $1.00 FUL NYSE Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 DFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) On October 1, 2024, Traci L. Jensen, Executive Vice President and Chief Administrative Officer of H.B. Fuller Company (the "Company"), notified the Company of her retirement, effective November 30, 2024. Ms. Jensen has served as Executive Vice President and Chief Administrative Officer of the Company since December 2022 and previously served as Vice President, Global Business Process Improvement since December 2019 following a ten-year career at the Company. Ms. Jensen has played an important role on the Company's executive team and has been instrumental in guiding the Company's recent growth. The Company thanks Ms. Jensen for her dedication, commitment, and extraordinary service over the past fifteen years and wishes her continued success in all her future endeavors. The Company expects to make an announcement regarding Ms. Jensen's successor in the coming months. 2 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. Date: October 7, 2024 H.B. FULLER COMPANY By: /s/ Gregory O. Ogunsanya Gregory O. Ogunsanya Senior Vice President, General Counsel and Corporate Secretary 3