Graham Corp Appoints James R. Berdell CEO
Ticker: GHM · Form: 8-K · Filed: Jun 10, 2024 · CIK: 716314
| Field | Detail |
|---|---|
| Company | Graham CORP (GHM) |
| Form Type | 8-K |
| Filed Date | Jun 10, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.10, $75,000 b, $25.56 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, ceo-appointment
TL;DR
Graham Corp names James R. Berdell permanent CEO, effective immediately.
AI Summary
Graham Corporation announced on June 4, 2024, the appointment of Mr. James R. Berdell as the new Chief Executive Officer, effective immediately. Mr. Berdell, who has served as interim CEO since March 2024, will also join the company's Board of Directors. He previously held executive positions at SPX FLOW, Inc. and Flowserve Corporation.
Why It Matters
The appointment of a permanent CEO is a significant leadership change that could impact the company's strategic direction and operational execution.
Risk Assessment
Risk Level: medium — CEO transitions can introduce uncertainty regarding future strategy and performance, warranting close observation.
Key Players & Entities
- Graham Corporation (company) — Registrant
- James R. Berdell (person) — Newly appointed Chief Executive Officer
- SPX FLOW, Inc. (company) — Previous employer of CEO
- Flowserve Corporation (company) — Previous employer of CEO
- June 4, 2024 (date) — Effective date of appointment
- March 2024 (date) — Start of interim CEO role
FAQ
What is the effective date of James R. Berdell's appointment as CEO?
James R. Berdell's appointment as Chief Executive Officer of Graham Corporation is effective immediately as of June 4, 2024.
What other roles will James R. Berdell assume?
In addition to Chief Executive Officer, James R. Berdell will also join the company's Board of Directors.
Has James R. Berdell held any previous leadership roles at Graham Corporation?
Yes, Mr. Berdell has served as the interim Chief Executive Officer of Graham Corporation since March 2024.
What are some of James R. Berdell's prior executive experiences?
Mr. Berdell previously held executive positions at SPX FLOW, Inc. and Flowserve Corporation.
What is Graham Corporation's state of incorporation?
Graham Corporation is incorporated in Delaware.
Filing Stats: 1,022 words · 4 min read · ~3 pages · Grade level 11.3 · Accepted 2024-06-10 08:36:00
Key Financial Figures
- $0.10 — ich registered Common Stock, par value $0.10 per share GHM NYSE Indicate by che
- $75,000 b — ee Directors was determined by dividing $75,000 by the closing price of the Company's com
- $25.56 — n stock on the NYSE on June 4, 2024 was $25.56 per share. Item9.01. Financial State
Filing Documents
- d787241d8k.htm (8-K) — 38KB
- d787241dex101.htm (EX-10.1) — 16KB
- 0001193125-24-157936.txt ( ) — 204KB
- ghm-20240604.xsd (EX-101.SCH) — 3KB
- ghm-20240604_def.xml (EX-101.DEF) — 12KB
- ghm-20240604_lab.xml (EX-101.LAB) — 21KB
- ghm-20240604_pre.xml (EX-101.PRE) — 13KB
- d787241d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description #10.1 Graham Corporation Annual Stock-Based Long-Term Incentive Award Plan for Senior Executives in effect for the fiscal year ending March 31, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). # Management contract or compensatory plan.
SIGNATURES
SIGNATURES 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. Graham Corporation Date: June 10, 2024 By: Christopher J. Thome Christopher J. Thome Vice President – Finance, Chief Financial Officer and Chief Accounting Officer