Mueller Water Products Appoints New CFO
Ticker: MWA · Form: 8-K · Filed: Sep 5, 2024 · CIK: 1350593
| Field | Detail |
|---|---|
| Company | Mueller Water Products, INC. (MWA) |
| Form Type | 8-K |
| Filed Date | Sep 5, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $5,000, $1,443,750, $50,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, compensation
TL;DR
Mueller Water Products names Scott Hall as new CFO, starting Sept 9th with $425k salary + stock.
AI Summary
Mueller Water Products, Inc. announced on September 5, 2024, the appointment of Scott Hall as Chief Financial Officer, effective September 9, 2024. Hall will receive an annual base salary of $425,000 and will be eligible for the company's annual incentive plan. He will also receive a restricted stock award valued at $1,000,000, vesting over three years.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.
Risk Assessment
Risk Level: low — This filing primarily concerns an executive appointment and compensation, which is a routine corporate event.
Key Numbers
- $425,000 — CFO Base Salary (Annual compensation for Scott Hall)
- $1,000,000 — CFO Stock Award (Restricted stock award vesting over three years)
Key Players & Entities
- Mueller Water Products, Inc. (company) — Registrant
- Scott Hall (person) — Appointed Chief Financial Officer
- $425,000 (dollar_amount) — Annual base salary for new CFO
- $1,000,000 (dollar_amount) — Value of restricted stock award for new CFO
- September 5, 2024 (date) — Date of report
- September 9, 2024 (date) — Effective date of CFO appointment
FAQ
Who has been appointed as the new Chief Financial Officer of Mueller Water Products, Inc.?
Scott Hall has been appointed as the new Chief Financial Officer.
When is Scott Hall's appointment as CFO effective?
Scott Hall's appointment is effective September 9, 2024.
What is Scott Hall's annual base salary?
Scott Hall's annual base salary is $425,000.
What is the value of the restricted stock award granted to Scott Hall?
The restricted stock award granted to Scott Hall is valued at $1,000,000.
Over what period will Scott Hall's restricted stock award vest?
Scott Hall's restricted stock award will vest over three years.
Filing Stats: 979 words · 4 min read · ~3 pages · Grade level 11.3 · Accepted 2024-09-05 17:02:38
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share MWA New York Stock Exchange
- $5,000 — ill be paid a monthly consulting fee of $5,000. As of the Transition Date, and subjec
- $1,443,750 — d benefits: (i) a cash payment equal to $1,443,750, payable in a lump-sum amount; (ii) a p
- $50,000 — to outplacement services not to exceed $50,000. The foregoing description of the Lett
Filing Documents
- mwa-20240905.htm (8-K) — 35KB
- exhibit101letteragreement.htm (EX-10.1) — 41KB
- exhibit991pressrelease.htm (EX-99.1) — 8KB
- image.jpg (GRAPHIC) — 33KB
- 0001350593-24-000066.txt ( ) — 295KB
- mwa-20240905.xsd (EX-101.SCH) — 4KB
- mwa-20240905_def.xml (EX-101.DEF) — 13KB
- mwa-20240905_lab.xml (EX-101.LAB) — 26KB
- mwa-20240905_pre.xml (EX-101.PRE) — 15KB
- mwa-20240905_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On September 5, 2024, the Company issued a press release announcing Mr. Heinrichs' transition from his position as Chief Financial Officer and Chief Legal and Compliance Officer. The press release, furnished as Exhibit 99.1 hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (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, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. 10.1 Letter Agreement, dated September 5 , 2024 99.1 Press Release, dated September 5, 2024 104 The cover page of this Current Report on Form 8-K, formatted in Inline XBRL SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, Mueller Water Products, Inc. has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Dated: September 5, 2024 MUELLER WATER PRODUCTS, INC. By: /s/ Chason A. Carroll Chason A. Carroll Senior Vice President, General Counsel and Corporate Secretary