JELD-WEN Names New Directors, CEO Christensen Gets New Contract
Ticker: JELD · Form: 8-K · Filed: Feb 11, 2025 · CIK: 1674335
| Field | Detail |
|---|---|
| Company | Jeld-Wen Holding, Inc. (JELD) |
| Form Type | 8-K |
| Filed Date | Feb 11, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: JELD
TL;DR
JELD-WEN adds 2 directors, CEO Christensen's new contract secured.
AI Summary
JELD-WEN Holding, Inc. announced on February 5, 2025, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Michael J. McGovern and Mark R. Yost, to its board. Additionally, the company entered into a new employment agreement with its President and CEO, William Christensen, effective February 5, 2025, which includes a base salary of $750,000 and potential performance-based bonuses.
Why It Matters
The election of new directors and the updated employment agreement for the CEO signal potential strategic shifts and continued leadership commitment at JELD-WEN.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance changes and executive compensation, with no immediate financial distress or significant operational risks indicated.
Key Numbers
- $750,000 — CEO Base Salary (William Christensen's new annual base salary effective February 5, 2025.)
Key Players & Entities
- JELD-WEN Holding, Inc. (company) — Registrant
- Michael J. McGovern (person) — Newly Elected Director
- Mark R. Yost (person) — Newly Elected Director
- William Christensen (person) — President and CEO
- $750,000 (dollar_amount) — CEO's new base salary
FAQ
Who were the new directors elected to JELD-WEN's board?
Michael J. McGovern and Mark R. Yost were elected as new directors.
What is the effective date of the reported events?
The earliest event reported is dated February 5, 2025.
What is the new base salary for JELD-WEN's CEO?
The new base salary for William Christensen is $750,000 per year.
What is JELD-WEN's state of incorporation?
JELD-WEN Holding, Inc. is incorporated in Delaware.
What is the primary business of JELD-WEN Holding, Inc. according to the filing?
The filing lists the Standard Industrial Classification as MILLWOOD, VENEER, PLYWOOD & STRUCTURAL WOOD MEMBERS [2430].
Filing Stats: 685 words · 3 min read · ~2 pages · Grade level 12.2 · Accepted 2025-02-11 16:11:04
Key Financial Figures
- $0.01 — ich registered Common Stock (par value $0.01 per share) JELD New York Stock Exchange
Filing Documents
- jeld-20250205.htm (8-K) — 31KB
- exhibit101toformjeldxwen.htm (EX-10.1) — 20KB
- exhibit101toformjeldxwen001.jpg (GRAPHIC) — 193KB
- exhibit101toformjeldxwen002.jpg (GRAPHIC) — 297KB
- exhibit101toformjeldxwen003.jpg (GRAPHIC) — 296KB
- exhibit101toformjeldxwen004.jpg (GRAPHIC) — 281KB
- exhibit101toformjeldxwen005.jpg (GRAPHIC) — 199KB
- 0001674335-25-000024.txt ( ) — 1923KB
- jeld-20250205.xsd (EX-101.SCH) — 2KB
- jeld-20250205_lab.xml (EX-101.LAB) — 21KB
- jeld-20250205_pre.xml (EX-101.PRE) — 12KB
- jeld-20250205_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 JELD-WEN Holding, Inc. 2025 Management Incentive Plan 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: February 11, 2025 JELD-WEN HOLDING, INC. By: /s/ James S. Hayes James S. Hayes Executive Vice President, General Counsel and Corporate Secretary