JELD-WEN Appoints Interim CFO, Reports Director Departure

TL;DR

JELD-WEN names new interim CFO, John Linker out, Christensen in. Director Ryan also gone.

AI Summary

JELD-WEN Holding, Inc. announced on June 14, 2024, the appointment of William Christensen as Interim Chief Financial Officer, succeeding John Linker. Christensen, previously the Senior Vice President, Corporate Development and Investor Relations, will receive an annual base salary of $450,000 and a target annual bonus of 75% of his base salary. The company also reported the departure of Director John D. D. Ryan.

Why It Matters

The appointment of an interim CFO signals a leadership transition in financial oversight, which could impact investor confidence and strategic financial decisions.

Risk Assessment

Risk Level: medium — Changes in key financial leadership and director departures can indicate underlying issues or strategic shifts that may affect the company's future performance.

Key Numbers

• $450,000 — Interim CFO Salary (William Christensen's annual base compensation.)
• 75% — Interim CFO Bonus Target (William Christensen's target annual bonus as a percentage of base salary.)

Key Players & Entities

• JELD-WEN Holding, Inc. (company) — Registrant
• William Christensen (person) — Interim Chief Financial Officer
• John Linker (person) — Former Chief Financial Officer
• John D. D. Ryan (person) — Director
• $450,000 (dollar_amount) — William Christensen's annual base salary
• 75% (dollar_amount) — William Christensen's target annual bonus percentage

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock (par value $0.01 per share) JELD New York Stock Exchange
• $525,000 — compensation includes a base salary of $525,000 per year; participation in the Company'

Filing Documents

• jeld-20240614.htm (8-K) — 35KB
• exhibit991-nrxfinancelea.htm (EX-99.1) — 6KB
• exhibit991-nrxfinancelea001.jpg (GRAPHIC) — 234KB
• exhibit991-nrxfinancelea002.jpg (GRAPHIC) — 167KB
• 0001674335-24-000136.txt ( ) — 719KB
• jeld-20240614.xsd (EX-101.SCH) — 2KB
• jeld-20240614_lab.xml (EX-101.LAB) — 21KB
• jeld-20240614_pre.xml (EX-101.PRE) — 12KB
• jeld-20240614_htm.xml (XML) — 3KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On June 17, 2024, the Company issued a press release announcing the appointment of Ms. Stoddard and the resignation of Ms. Albrecht. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated by reference herein. The information in this Item 7.01 (including Exhibits 99.1) shall not be deemed "filed" for 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 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. Description 99.1 Press Release issued by JELD-WEN Holding, Inc. dated June 17, 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: June 17, 2024 JELD-WEN HOLDING, INC. By: /s/ James S. Hayes James S. Hayes Executive Vice President, General Counsel and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR