Hyster-Yale Appoints New CFO
Ticker: HY · Form: 8-K · Filed: Nov 15, 2024 · CIK: 1173514
| Field | Detail |
|---|---|
| Company | Hyster-Yale, Inc. (HY) |
| Form Type | 8-K |
| Filed Date | Nov 15, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $1.5 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
TL;DR
Hyster-Yale names Steven Schwalb as new CFO, starting Nov 15.
AI Summary
Hyster-Yale, Inc. announced on November 13, 2024, the appointment of Steven J. Schwalb as its new Chief Financial Officer, effective November 15, 2024. Schwalb previously served as the Senior Vice President and Chief Financial Officer of the company's Americas segment. He will receive an annual base salary of $450,000 and will be eligible for a discretionary annual bonus.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.
Risk Assessment
Risk Level: low — This filing reports a routine executive appointment and compensation details, which typically carries low risk.
Key Numbers
- $450,000 — CFO Annual Base Salary (This is the starting annual compensation for the newly appointed Chief Financial Officer.)
Key Players & Entities
- Hyster-Yale, Inc. (company) — Registrant
- Steven J. Schwalb (person) — Appointed Chief Financial Officer
- $450,000 (dollar_amount) — Annual base salary for new CFO
- November 13, 2024 (date) — Date of report
- November 15, 2024 (date) — Effective date of CFO appointment
FAQ
Who has been appointed as the new Chief Financial Officer of Hyster-Yale, Inc.?
Steven J. Schwalb has been appointed as the new Chief Financial Officer of Hyster-Yale, Inc.
When is the appointment of Steven J. Schwalb as CFO effective?
The appointment of Steven J. Schwalb as CFO is effective November 15, 2024.
What was Steven J. Schwalb's previous role at Hyster-Yale?
Steven J. Schwalb previously served as the Senior Vice President and Chief Financial Officer of Hyster-Yale's Americas segment.
What is the annual base salary for the new CFO?
The annual base salary for the new CFO, Steven J. Schwalb, is $450,000.
Is the new CFO eligible for a bonus?
Yes, Steven J. Schwalb is eligible for a discretionary annual bonus.
Filing Stats: 604 words · 2 min read · ~2 pages · Grade level 11 · Accepted 2024-11-15 16:32:26
Key Financial Figures
- $0.01 — which registered Class A Common Stock, $0.01 par value per share HY New York Stock E
- $1.5 billion — ail products and generated in excess of $1.5 billion in revenue in 2023. Ms. O'Hara holds
Filing Documents
- hy-20241113.htm (8-K) — 28KB
- 0001173514-24-000152.txt ( ) — 149KB
- hy-20241113.xsd (EX-101.SCH) — 2KB
- hy-20241113_lab.xml (EX-101.LAB) — 21KB
- hy-20241113_pre.xml (EX-101.PRE) — 12KB
- hy-20241113_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 15, 2024 HYSTER-YALE MATERIALS HANDLING, INC. By: /s/ Suzanne Schulze Taylor Name: Suzanne Schulze Taylor Title: Senior Vice President, General Counsel and Secretary