Hamilton Beach Brands: Director Changes & Executive Comp Update
Ticker: HBB · Form: 8-K · Filed: Sep 24, 2024 · CIK: 1709164
| Field | Detail |
|---|---|
| Company | Hamilton Beach Brands Holding CO (HBB) |
| Form Type | 8-K |
| Filed Date | Sep 24, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-of-directors
TL;DR
HBB shakes up board, adjusts exec pay - watch for new director impact.
AI Summary
Hamilton Beach Brands Holding Co. announced on September 20, 2024, changes related to its board of directors and executive compensation. The filing details the departure of a director, the election of a new director, and updates to compensatory arrangements for certain officers. Specific details regarding the individuals involved and the financial implications of these arrangements are outlined within the report.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, or financial outlook, impacting investor confidence and stock performance.
Risk Assessment
Risk Level: low — This filing primarily concerns corporate governance and executive compensation, which typically have a low direct risk impact unless specific financial improprieties or significant strategic shifts are revealed.
Key Numbers
- 001-38214 — SEC File Number (Identifies the company's filing with the SEC.)
- 31-1236686 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- Hamilton Beach Brands Holding Co (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- Glen Allen, VA (location) — Principal executive offices address
FAQ
Who is the departing director and what is the reason for their departure?
The filing indicates the departure of a director, but specific names and reasons are detailed within the full report, not in this summary.
Who is the newly elected director?
The filing mentions the election of a new director, with their name and qualifications to be found in the complete document.
What specific changes were made to executive compensatory arrangements?
The report details updates to compensatory arrangements for certain officers, with the precise nature of these changes elaborated in the full filing.
What is the effective date of these board and compensation changes?
The earliest event reported is September 20, 2024.
Are there any financial implications disclosed regarding the executive compensation changes?
While the filing mentions compensatory arrangements, specific dollar amounts or financial impacts are detailed within the full report.
Filing Stats: 920 words · 4 min read · ~3 pages · Grade level 11 · Accepted 2024-09-24 16:30:12
Key Financial Figures
- $0.01 — stered Class A Common Stock, Par Value $0.01 Per Share HBB New York Stock Exchange
Filing Documents
- hbb-20240920.htm (8-K) — 36KB
- a92424pressrelease.htm (EX-99) — 15KB
- image.jpg (GRAPHIC) — 12KB
- testa01.jpg (GRAPHIC) — 16KB
- 0001709164-24-000037.txt ( ) — 216KB
- hbb-20240920.xsd (EX-101.SCH) — 2KB
- hbb-20240920_lab.xml (EX-101.LAB) — 21KB
- hbb-20240920_pre.xml (EX-101.PRE) — 12KB
- hbb-20240920_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure A copy of the Company's press release, dated September 24, 2024, announcing Mr. Trepp's retirement and the appointment of Mr. Tidey as Chief Executive Officer of the Company is attached hereto as Exhibit 99 and is incorporated herein by reference. The information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Exhibit Description 99 Hamilton Beach Brands Holding Company News Release, dated September 24, 2024 104 Cover Page Interactive Data File (formatted as Inline XBRL)
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. Date: September 24, 2024 HAMILTON BEACH BRANDS HOLDING COMPANY By: /s/ Lawrence K. Workman, Jr. Name: Lawrence K. Workman, Jr. Title: Senior Vice President, General Counsel and Secretary