Ingersoll Rand Announces Executive Changes and Board Appointments
Ticker: IR · Form: 8-K · Filed: Aug 23, 2024 · CIK: 1699150
| Field | Detail |
|---|---|
| Company | Ingersoll Rand Inc. (IR) |
| Form Type | 8-K |
| Filed Date | Aug 23, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $90 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-changes, board-appointments, compensation
TL;DR
IR shakes up exec team, new board members appointed. Keep an eye on strategy shifts.
AI Summary
Ingersoll Rand Inc. announced on August 20, 2024, changes in its executive team. The company appointed Michael J. Lamach as Executive Chairman and elected new directors to its board. Additionally, the company disclosed details regarding the compensatory arrangements for its named executive officers.
Why It Matters
Changes in executive leadership and board composition can signal shifts in company strategy and governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategic direction and operational execution.
Key Players & Entities
- Ingersoll Rand Inc. (company) — Registrant
- Michael J. Lamach (person) — Appointed Executive Chairman
- August 20, 2024 (date) — Date of earliest event reported
FAQ
What specific roles have been filled or changed within the executive team?
The filing indicates the appointment of Michael J. Lamach as Executive Chairman and mentions the election of new directors to the board, along with compensatory arrangements for certain officers.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on August 20, 2024.
What is the primary purpose of this 8-K filing for Ingersoll Rand Inc.?
The filing reports on the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements of certain officers.
What is Ingersoll Rand Inc.'s state of incorporation and IRS number?
Ingersoll Rand Inc. is incorporated in Delaware and has an IRS Employer Identification No. of 46-2393770.
Where is Ingersoll Rand Inc.'s principal executive office located?
The principal executive offices are located at 525 Harbour Place Drive, Suite 600, Davidson, North Carolina 28036.
Filing Stats: 922 words · 4 min read · ~3 pages · Grade level 13.6 · Accepted 2024-08-23 17:08:32
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share IR New York Stock Exchang
- $90 — stock at a per share exercise price of $90.50, the closing price of the Company's
Filing Documents
- ef20034732_8k.htm (8-K) — 28KB
- 0001140361-24-038417.txt ( ) — 162KB
- ir-20240820.xsd (EX-101.SCH) — 4KB
- ir-20240820_lab.xml (EX-101.LAB) — 21KB
- ir-20240820_pre.xml (EX-101.PRE) — 16KB
- ef20034732_8k_htm.xml (XML) — 4KB
Forward-Looking Statements
Forward-Looking Statements This Current Report on Form 8-K contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words "believe," "expect," "anticipate," "intend," "may," "will," or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking differ materially from these current expectations. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, risk factors detailed in the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC"), as such factors may be updated from time to time in its periodic filings with the SEC, which are available on the SEC's website at http://www.sec.gov. Any forward-looking statements speak only as of the date of this Current Report on Form 8-K. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information or developments, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.
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. INGERSOLL RAND INC. By: /s/ Andrew Schiesl Name: Andrew Schiesl Title: Senior Vice President, General Counsel, Chief Compliance Officer, and Secretary Date: August 23, 2024