Graham Corp Announces Executive & Board Changes
Ticker: GHM · Form: 8-K · Filed: Feb 6, 2025 · CIK: 716314
| Field | Detail |
|---|---|
| Company | Graham CORP (GHM) |
| Form Type | 8-K |
| Filed Date | Feb 6, 2025 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.10, $250,000, $400,000, $480,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-of-directors, executive-compensation
TL;DR
Graham Corp shakes up exec team and board. Big changes coming?
AI Summary
Graham Corporation announced on February 5, 2025, changes in its executive team and board of directors. The filing details the departure of certain officers and directors, the election of new directors, and adjustments to compensatory arrangements. Specific details regarding the individuals involved and the financial implications of these changes are outlined within the report.
Why It Matters
Changes in executive leadership and board composition can signal shifts in company strategy, operational focus, or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and leadership stability.
Key Numbers
- 001-08462 — Commission File Number (Graham Corp's SEC filing identifier)
- 16-1194720 — IRS Employer Identification No. (Graham Corp's tax identification number)
Key Players & Entities
- Graham Corporation (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- February 5, 2025 (date) — Date of earliest event reported
FAQ
Who are the specific officers and directors departing Graham Corporation?
The filing indicates departures but does not list the specific names of the departing officers and directors in the provided text.
Who has been elected to the board of directors?
The filing states that directors have been elected, but the names of the newly elected directors are not specified in this excerpt.
What are the details of the compensatory arrangements mentioned?
The filing notes adjustments to compensatory arrangements for certain officers, but the specific details and amounts are not provided in this section.
What is the primary reason for these executive and board changes?
The filing does not explicitly state the reasons for the departures, elections, or compensatory arrangement changes.
When did these changes become effective?
The earliest event reported is dated February 5, 2025, indicating the changes were effective on or around this date.
Filing Stats: 1,557 words · 6 min read · ~5 pages · Grade level 10.5 · Accepted 2025-02-06 07:45:14
Key Financial Figures
- $0.10 — ich registered Common Stock, par value $0.10 per share GHM NYSE Indicate by che
- $250,000 — ive Chairman will be equal to a rate of $250,000 per annum. In connection with Mr. Tho
- $400,000 — t to the Malone Employment Agreement is $400,000 per year during the COO Period and $480
- $480,000 — ,000 per year during the COO Period and $480,000 per year during the CEO Period. Under
Filing Documents
- d934432d8k.htm (8-K) — 35KB
- d934432dex101.htm (EX-10.1) — 70KB
- d934432dex102.htm (EX-10.2) — 71KB
- d934432dex991.htm (EX-99.1) — 15KB
- g934432g02y96.jpg (GRAPHIC) — 9KB
- 0001193125-25-021340.txt ( ) — 369KB
- ghm-20250205.xsd (EX-101.SCH) — 3KB
- ghm-20250205_lab.xml (EX-101.LAB) — 17KB
- ghm-20250205_pre.xml (EX-101.PRE) — 11KB
- d934432d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Amended and Restated Employment Agreement, dated February 5, 2025, between Graham Corporation and Daniel J. Thoren. 10.2 Amended and Restated Employment Agreement, dated February 5, 2025, between Graham Corporation and Matthew Malone. 99.1 Press Release dated February 6, 2025 describing the Leadership Succession Plan. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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: February 6, 2025 By: /s/ Christopher J. Thome Christopher J. Thome Vice President – Finance, Chief Financial Officer and Chief Accounting Officer