Hayward Holdings Appoints New Directors, Adjusts Executive Pay
Ticker: HAYW · Form: 8-K · Filed: May 22, 2024 · CIK: 1834622
| Field | Detail |
|---|---|
| Company | Hayward Holdings, INC. (HAYW) |
| Form Type | 8-K |
| Filed Date | May 22, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
TL;DR
Hayward Holdings adds two directors and updates exec pay packages.
AI Summary
Hayward Holdings, Inc. announced on May 17, 2024, changes in its board of directors and executive compensation arrangements. Specifically, the company elected two new directors, Robert T. Davis and Kevin J. Surace, to its Board of Directors, effective May 17, 2024. Additionally, the company entered into new employment agreements with certain executive officers, including compensation details.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board and executive compensation can indicate internal shifts that may affect future strategy and performance.
Key Players & Entities
- Hayward Holdings, Inc. (company) — Registrant
- Robert T. Davis (person) — Newly Elected Director
- Kevin J. Surace (person) — Newly Elected Director
- May 17, 2024 (date) — Effective date of director appointments and reporting date
FAQ
Who are the newly elected directors to Hayward Holdings' Board?
Robert T. Davis and Kevin J. Surace were elected as new directors to the Board of Directors, effective May 17, 2024.
What is the effective date of the reported changes?
The earliest event reported is dated May 17, 2024.
What other significant event is reported in this 8-K filing besides director changes?
The filing also reports on compensatory arrangements of certain officers, including new employment agreements.
In which state is Hayward Holdings, Inc. incorporated?
Hayward Holdings, Inc. is incorporated in Delaware.
What is the principal executive office address for Hayward Holdings, Inc.?
The principal executive offices are located at 1415 Vantage Park Drive, Suite 400, Charlotte, NC 28203.
Filing Stats: 476 words · 2 min read · ~2 pages · Grade level 12.2 · Accepted 2024-05-22 16:34:58
Key Financial Figures
- $0.001 — ich registered Common stock, par value $0.001 per share HAYW New York Stock Exchange
Filing Documents
- hayw-20240517.htm (8-K) — 24KB
- hayw-20240517_g1.jpg (GRAPHIC) — 5KB
- 0001834622-24-000046.txt ( ) — 160KB
- hayw-20240517.xsd (EX-101.SCH) — 2KB
- hayw-20240517_lab.xml (EX-101.LAB) — 22KB
- hayw-20240517_pre.xml (EX-101.PRE) — 13KB
- hayw-20240517_htm.xml (XML) — 3KB
From the Filing
hayw-20240517 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): May 17, 2024 Hayward Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 001-40208 82-2060643 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 1415 Vantage Park Drive Suite 400 Charlotte , NC 28203 (Address of principal executive offices, including zip code) ( 704 ) 837-8002 (Registrant's telephone number, including area code) 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 CFR 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)) 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 $0.001 per share HAYW New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company 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. On May 17, 2024, Hayward Holdings, Inc. (the "Company") determined that Fernando Blasco will no longer serve as VP and General Manager, Europe & Rest of World, effective May 20, 2024. Mr. Blasco will continue as an employee of the Company through June 14, 2024, for an orderly transition of his duties. Pursuant to his employment agreement, upon his entering into a release of claims in favor of the Company and its subsidiaries, he will be entitled to receive the severance benefits described in the Company's definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on April 17, 2024, which description is incorporated herein by reference. 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. HAYWARD HOLDINGS, INC. Date: May 22, 2024 By: /s/ Susan M. Canning Susan M. Canning Senior Vice President, Chief Legal Officer and Corporate Secretary