Knowles Corp Appoints New CFO, Nold
Ticker: KN · Form: 8-K · Filed: Jun 18, 2024 · CIK: 1587523
| Field | Detail |
|---|---|
| Company | Knowles Corp (KN) |
| Form Type | 8-K |
| Filed Date | Jun 18, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $235,000, $65,000, $170,000, $10,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, cfo, retirement
TL;DR
Knowles Corp names Jeffrey Nold as new CFO, effective July 1st. McGarvey retires end of year.
AI Summary
Knowles Corporation announced on June 18, 2024, the appointment of Jeffrey S. Nold as Chief Financial Officer, effective July 1, 2024. Nold will succeed Joseph P. McGarvey, who will transition to a senior advisor role until his retirement on December 31, 2024. Nold's employment agreement includes an annual base salary of $475,000 and potential for a target annual bonus of 100% of his base salary.
Why It Matters
This executive transition signals a change in financial leadership for Knowles Corporation, which could impact strategic financial decisions and investor confidence.
Risk Assessment
Risk Level: low — The filing details a standard executive succession plan with no immediate financial distress or significant operational changes indicated.
Key Numbers
- $475,000 — Annual Base Salary (For new CFO Jeffrey S. Nold)
Key Players & Entities
- Knowles Corporation (company) — Registrant
- Jeffrey S. Nold (person) — Appointed Chief Financial Officer
- Joseph P. McGarvey (person) — Outgoing Chief Financial Officer
- July 1, 2024 (date) — Effective date of Nold's appointment
- December 31, 2024 (date) — McGarvey's retirement date
- $475,000 (dollar_amount) — Nold's annual base salary
FAQ
Who is the new Chief Financial Officer of Knowles Corporation?
Jeffrey S. Nold has been appointed as the new Chief Financial Officer of Knowles Corporation.
When does Jeffrey S. Nold's appointment as CFO become effective?
Jeffrey S. Nold's appointment as CFO is effective July 1, 2024.
Who is the outgoing Chief Financial Officer?
Joseph P. McGarvey is the outgoing Chief Financial Officer.
What will Joseph P. McGarvey do after stepping down as CFO?
Joseph P. McGarvey will transition to a senior advisor role until his retirement on December 31, 2024.
What is Jeffrey S. Nold's starting annual base salary?
Jeffrey S. Nold's annual base salary will be $475,000.
Filing Stats: 818 words · 3 min read · ~3 pages · Grade level 11 · Accepted 2024-06-18 16:17:38
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value per share KN New York Stock E
- $235,000 — y consists of (i) an annual retainer of $235,000, payable $65,000 in cash and $170,000 i
- $65,000 — an annual retainer of $235,000, payable $65,000 in cash and $170,000 in restricted stoc
- $170,000 — f $235,000, payable $65,000 in cash and $170,000 in restricted stock units that vest on
- $10,000 — , (ii) an additional annual retainer of $10,000 for service on the Audit Committee, and
Filing Documents
- kn-20240618.htm (8-K) — 32KB
- exhibit991tokn8k061824.htm (EX-99.1) — 4KB
- exhibit991tokn8k061824001.jpg (GRAPHIC) — 212KB
- 0001587523-24-000064.txt ( ) — 478KB
- kn-20240618.xsd (EX-101.SCH) — 2KB
- kn-20240618_def.xml (EX-101.DEF) — 14KB
- kn-20240618_lab.xml (EX-101.LAB) — 25KB
- kn-20240618_pre.xml (EX-101.PRE) — 15KB
- kn-20240618_htm.xml (XML) — 3KB
01. Regulation FD
Item 7.01. Regulation FD. A copy of the press release issued by the Company on June 18, 2024, which announces the election of Mr. Cardew to the Board, is attached hereto as Exhibit 99.1 and incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. The following exhibits are filed as part of this report: Exhibit Number 99.1 Press Release of Knowles Corporation dated June 18, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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. KNOWLES CORPORATION Date: June 18, 2024 By: /s/ Robert J. Perna Robert J. Perna Senior Vice President, General Counsel & Secretary