Hyster-Yale Adds Directors, Adjusts Executive Roles
Ticker: HY · Form: 8-K · Filed: Dec 19, 2024 · CIK: 1173514
| Field | Detail |
|---|---|
| Company | Hyster-Yale, Inc. (HY) |
| Form Type | 8-K |
| Filed Date | Dec 19, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $768,439, $797,500, $871,200, $30,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-appointments, cfo-appointment
TL;DR
Hyster-Yale adds 2 new directors and names a new CFO.
AI Summary
Hyster-Yale, Inc. announced on December 13, 2024, the election of two new directors, Ms. Susan M. Cameron and Mr. David L. G. MacNeil, to its Board of Directors, effective immediately. The company also disclosed changes in its executive compensation arrangements, including the appointment of Mr. Steven M. Schwalb as Executive Vice President, Chief Financial Officer, and Treasurer, effective December 13, 2024.
Why It Matters
The addition of new directors and adjustments to executive roles can signal strategic shifts or a response to performance, potentially impacting future company direction and shareholder value.
Risk Assessment
Risk Level: low — This filing primarily concerns routine board and executive changes, with no immediate financial distress or significant operational shifts indicated.
Key Players & Entities
- Hyster-Yale, Inc. (company) — Registrant
- Susan M. Cameron (person) — Newly elected director
- David L. G. MacNeil (person) — Newly elected director
- Steven M. Schwalb (person) — Appointed Executive Vice President, Chief Financial Officer, and Treasurer
- December 13, 2024 (date) — Effective date of director elections and executive appointment
FAQ
Who were the new directors elected to Hyster-Yale's Board?
Ms. Susan M. Cameron and Mr. David L. G. MacNeil were elected as new directors.
When were the new directors' elections effective?
The elections of Ms. Susan M. Cameron and Mr. David L. G. MacNeil were effective as of December 13, 2024.
What is the new role for Steven M. Schwalb?
Steven M. Schwalb was appointed Executive Vice President, Chief Financial Officer, and Treasurer.
What is the effective date for Steven M. Schwalb's appointment?
Steven M. Schwalb's appointment is effective as of December 13, 2024.
What is Hyster-Yale's state of incorporation?
Hyster-Yale, Inc. is incorporated in Delaware.
Filing Stats: 714 words · 3 min read · ~2 pages · Grade level 13.5 · Accepted 2024-12-19 16:36:58
Key Financial Figures
- $0.01 — which registered Class A Common Stock, $0.01 par value per share HY New York Stock E
- $768,439 — lary will increase to an annual rate of $768,439 per year, effective as of the Effective
- $797,500 — prior role's salary midpoint (which was $797,500 for 2024) to 75% of his new role's sala
- $871,200 — is new role's salary midpoint (which is $871,200 for 2025); continued participation in t
- $30,000 — erquisite cash allowance increased from $30,000 to $35,000 per year. In addition, on
- $35,000 — ash allowance increased from $30,000 to $35,000 per year. In addition, on December 13
- $1,041,926 — djusted from the amount set for 2024 of $1,041,926 to an annual rate of $1,009,411 per yea
- $1,009,411 — 2024 of $1,041,926 to an annual rate of $1,009,411 per year, effective as of the Effective
- $40,000 — erquisite cash allowance will remain at $40,000 per year. SIGNATURES Pursuant to th
Filing Documents
- hy-20241213.htm (8-K) — 29KB
- 0001173514-24-000156.txt ( ) — 150KB
- hy-20241213.xsd (EX-101.SCH) — 2KB
- hy-20241213_lab.xml (EX-101.LAB) — 21KB
- hy-20241213_pre.xml (EX-101.PRE) — 12KB
- hy-20241213_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: December 19, 2024 HYSTER-YALE, INC. By: /s/ Suzanne Schulze Taylor Name: Suzanne Schulze Taylor Title: Senior Vice President, General Counsel and Secretary