Hamilton Beach Brands Elects New Directors, Updates Exec Comp
Ticker: HBB · Form: 8-K · Filed: Nov 25, 2024 · CIK: 1709164
| Field | Detail |
|---|---|
| Company | Hamilton Beach Brands Holding CO (HBB) |
| Form Type | 8-K |
| Filed Date | Nov 25, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-of-directors
Related Tickers: HBB
TL;DR
HBB adds two directors, updates exec pay packages.
AI Summary
Hamilton Beach Brands Holding Company announced on November 21, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Michael J. Gabel and David J. Schorr, to its Board, effective immediately. Additionally, the company entered into new employment agreements with its named executive officers, including Steven L. Shaffer (President and CEO) and Gregory H. Trepp (CFO), detailing their compensation and severance packages.
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: low — The filing reports routine corporate governance changes and executive compensation adjustments, which are common and typically do not indicate significant operational risks.
Key Players & Entities
- Hamilton Beach Brands Holding Company (company) — Registrant
- Michael J. Gabel (person) — Newly Elected Director
- David J. Schorr (person) — Newly Elected Director
- Steven L. Shaffer (person) — President and CEO
- Gregory H. Trepp (person) — CFO
- November 21, 2024 (date) — Date of earliest event reported
FAQ
Who were the newly elected directors to Hamilton Beach Brands Holding Company's Board?
Michael J. Gabel and David J. Schorr were elected as new directors to the Board.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on November 21, 2024.
What is the principal executive office address for Hamilton Beach Brands Holding Company?
The principal executive offices are located at 4421 Waterfront Dr, Glen Allen, VA 23060.
What type of SEC filing is this and what items does it cover?
This is a Form 8-K, covering the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
What is the IRS Employer Identification Number for Hamilton Beach Brands Holding Company?
The IRS Employer Identification Number is 31-1236686.
Filing Stats: 430 words · 2 min read · ~1 pages · Grade level 12.4 · Accepted 2024-11-25 16:27:56
Key Financial Figures
- $0.01 — stered Class A Common Stock, Par Value $0.01 Per Share HBB New York Stock Exchange
Filing Documents
- hbb-20241121.htm (8-K) — 30KB
- 0001709164-24-000052.txt ( ) — 150KB
- hbb-20241121.xsd (EX-101.SCH) — 2KB
- hbb-20241121_lab.xml (EX-101.LAB) — 21KB
- hbb-20241121_pre.xml (EX-101.PRE) — 12KB
- hbb-20241121_htm.xml (XML) — 3KB
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: November 25, 2024 HAMILTON BEACH BRANDS HOLDING COMPANY By: /s/ Sally M. Cunningham Name: Sally M. Cunningham Title: Senior Vice President, Chief Financial Officer and Treasurer