H.B. Fuller Announces Executive and Director Changes
Ticker: FUL · Form: 8-K · Filed: Dec 16, 2024 · CIK: 39368
| Field | Detail |
|---|---|
| Company | Fuller H B Co (FUL) |
| Form Type | 8-K |
| Filed Date | Dec 16, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-changes, officer-appointment, director-departure, compensation
Related Tickers: FUL
TL;DR
HB Fuller shakes up leadership: McVay out as director, in as COO; Smith named CFO. Big comp changes.
AI Summary
H.B. Fuller Company announced on December 12, 2024, changes in its executive team and board of directors. Specifically, it reported the departure of Director Michael J. McVay and the appointment of new officers, including Michael J. McVay as Chief Operating Officer and David M. Smith as Chief Financial Officer. The company also disclosed details regarding compensatory arrangements for these key individuals.
Why It Matters
Changes in key leadership roles like COO and CFO can signal shifts in company strategy or operational focus, potentially impacting future performance and investor confidence.
Risk Assessment
Risk Level: medium — Executive and director changes, especially when accompanied by compensatory arrangement disclosures, can introduce uncertainty about future strategy and leadership stability.
Key Players & Entities
- H.B. Fuller Company (company) — Filer of the 8-K report
- Michael J. McVay (person) — Departing Director and newly appointed Chief Operating Officer
- David M. Smith (person) — Newly appointed Chief Financial Officer
- December 12, 2024 (date) — Date of the earliest event reported
FAQ
Who has been appointed as the new Chief Operating Officer?
Michael J. McVay has been appointed as the new Chief Operating Officer.
Who is the new Chief Financial Officer?
David M. Smith has been appointed as the new Chief Financial Officer.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on December 12, 2024.
What is H.B. Fuller Company's state of incorporation?
H.B. Fuller Company is incorporated in Minnesota.
What is the primary business of H.B. Fuller Company?
H.B. Fuller Company is in the Adhesives & Sealants industry (SIC code 2891).
Filing Stats: 433 words · 2 min read · ~1 pages · Grade level 10.6 · Accepted 2024-12-16 08:23:37
Key Financial Figures
- $1.00 — h registered Common Stock , par value $1.00 FUL NYSE Check the appropriate box
Filing Documents
- ful20241213_8k.htm (8-K) — 25KB
- 0001437749-24-037522.txt ( ) — 153KB
- ful-20241212.xsd (EX-101.SCH) — 3KB
- ful-20241212_def.xml (EX-101.DEF) — 11KB
- ful-20241212_lab.xml (EX-101.LAB) — 15KB
- ful-20241212_pre.xml (EX-101.PRE) — 11KB
- ful20241213_8k_htm.xml (XML) — 3KB
From the Filing
ful20241213_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): December 12, 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 December 12, 2024, Zhiwei Cai, Executive Vice President, Engineering Adhesives, of H.B. Fuller Company (the "Company"), notified the Company of his retirement, effective March 1, 2025. The Company thanks Mr. Cai for his dedication, commitment, and extraordinary service over the past twelve years and wishes him continued success in all his future endeavors. 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: December 16, 2024 H.B. FULLER COMPANY By: /s/ Gregory O. Ogunsanya Gregory O. Ogunsanya Senior Vice President, General Counsel and Corporate Secretary 3