Graco Inc. Appoints New CFO, Mark Sheahan
Ticker: GGG · Form: 8-K · Filed: Sep 18, 2024 · CIK: 42888
| Field | Detail |
|---|---|
| Company | Graco Inc (GGG) |
| Form Type | 8-K |
| Filed Date | Sep 18, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, cfo-appointment
Related Tickers: PAG
TL;DR
Graco names Mark Sheahan as new CFO, replacing Kramer who retires next year.
AI Summary
Graco Inc. announced on September 13, 2024, the appointment of Mark W. Sheahan as Chief Financial Officer, effective October 1, 2024. Sheahan will succeed Thomas J. Kramer, who will transition to a senior advisor role until his retirement on March 31, 2025. Sheahan previously served as Executive Vice President and Chief Financial Officer of Polaris Inc.
Why It Matters
This leadership change in a key financial role could signal shifts in financial strategy or operational focus for Graco Inc.
Risk Assessment
Risk Level: low — This is a routine executive transition and does not indicate any immediate financial or operational distress.
Key Players & Entities
- Graco Inc. (company) — Registrant
- Mark W. Sheahan (person) — Appointed Chief Financial Officer
- October 1, 2024 (date) — Effective date of new CFO appointment
- Thomas J. Kramer (person) — Outgoing Chief Financial Officer
- March 31, 2025 (date) — Retirement date of Thomas J. Kramer
- Polaris Inc. (company) — Previous employer of Mark W. Sheahan
FAQ
Who is the new Chief Financial Officer of Graco Inc.?
Mark W. Sheahan has been appointed as the new Chief Financial Officer of Graco Inc.
When does Mark W. Sheahan's appointment as CFO become effective?
Mark W. Sheahan's appointment as CFO is effective October 1, 2024.
Who is the outgoing Chief Financial Officer?
Thomas J. Kramer is the outgoing Chief Financial Officer.
What will Thomas J. Kramer's role be after stepping down as CFO?
Thomas J. Kramer will transition to a senior advisor role until his retirement on March 31, 2025.
What was Mark W. Sheahan's previous role?
Mark W. Sheahan previously served as Executive Vice President and Chief Financial Officer of Polaris Inc.
Filing Stats: 462 words · 2 min read · ~2 pages · Grade level 10.9 · Accepted 2024-09-18 07:23:00
Filing Documents
- d825688d8k.htm (8-K) — 24KB
- d825688dex991.htm (EX-99.1) — 12KB
- g825688g0917055119940.jpg (GRAPHIC) — 2KB
- g825688image1a02c.jpg (GRAPHIC) — 5KB
- 0001193125-24-221064.txt ( ) — 166KB
- ggg-20240913.xsd (EX-101.SCH) — 3KB
- ggg-20240913_lab.xml (EX-101.LAB) — 17KB
- ggg-20240913_pre.xml (EX-101.PRE) — 11KB
- d825688d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits 99.1 Press Release dated September 18, 2024. 104 Cover Page Interactive Data File (included 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, thereunto duly authorized. GRACO INC. Date: September 18, 2024 By: /s/ Joseph James Humke Joseph James Humke Its: Executive Vice President, General Counsel and Corporate Secretary