Mueller Water Products CFO Departs, New Directors Appointed
Ticker: MWA · Form: 8-K · Filed: Jan 16, 2025 · CIK: 1350593
| Field | Detail |
|---|---|
| Company | Mueller Water Products, INC. (MWA) |
| Form Type | 8-K |
| Filed Date | Jan 16, 2025 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $550,000, $900,000, $750,000, $75,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-departure, board-changes, cfo-appointment
Related Tickers: MWA
TL;DR
CFO out, new board members in at MWA. Time to watch for strategic changes.
AI Summary
Mueller Water Products, Inc. announced on January 9, 2025, the departure of its Chief Financial Officer, John P. Holland, effective January 10, 2025. The company also appointed David L. Gray as interim CFO. Additionally, the company announced the election of two new directors, Robert L. R. M. W. Smith and David J. Smith, to its Board of Directors, effective January 9, 2025.
Why It Matters
The departure of a CFO and the appointment of new board members can signal shifts in financial strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in key executive positions and board composition can introduce uncertainty regarding future company direction and financial management.
Key Players & Entities
- Mueller Water Products, Inc. (company) — Registrant
- John P. Holland (person) — Departing Chief Financial Officer
- David L. Gray (person) — Interim Chief Financial Officer
- Robert L. R. M. W. Smith (person) — Newly Elected Director
- David J. Smith (person) — Newly Elected Director
- January 9, 2025 (date) — Date of earliest event reported
- January 10, 2025 (date) — Effective date of CFO departure
FAQ
Who has been appointed as the interim Chief Financial Officer?
David L. Gray has been appointed as the interim Chief Financial Officer.
When is John P. Holland's departure as CFO effective?
John P. Holland's departure as CFO is effective January 10, 2025.
Who are the newly elected directors?
Robert L. R. M. W. Smith and David J. Smith have been elected as new directors.
What is the exact date of the earliest event reported in this filing?
The date of the earliest event reported is January 9, 2025.
What is Mueller Water Products, Inc.'s state of incorporation?
Mueller Water Products, Inc. is incorporated in Delaware.
Filing Stats: 1,077 words · 4 min read · ~4 pages · Grade level 10.6 · Accepted 2025-01-16 16:45:39
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share MWA New York Stock Exchange
- $550,000 — n will receive an annual base salary of $550,000, a target annual bonus opportunity for
- $900,000 — portunity for fiscal year 2025 equal to $900,000. Ms. Rasmussen will also receive a one-
- $750,000 — share grant with an aggregate value of $750,000 that will vest ratably over a three-yea
- $75,000 — expenses reimbursement in the amount of $75,000, financial planning reimbursement, and
Filing Documents
- mwa-20250109.htm (8-K) — 35KB
- exhibit101offerletter.htm (EX-10.1) — 13KB
- exhibit991pressrelease.htm (EX-99.1) — 9KB
- image.jpg (GRAPHIC) — 33KB
- logo.jpg (GRAPHIC) — 31KB
- 0001350593-25-000004.txt ( ) — 307KB
- mwa-20250109.xsd (EX-101.SCH) — 3KB
- mwa-20250109_def.xml (EX-101.DEF) — 13KB
- mwa-20250109_lab.xml (EX-101.LAB) — 26KB
- mwa-20250109_pre.xml (EX-101.PRE) — 15KB
- mwa-20250109_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On January 16, 2025, the Company issued a press release announcing Ms. Rasmussen's appointment as the Company's Senior Vice President and Chief Financial 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 Offer Letter, dated January 9, 2025 99.1 Press Release, dated January 16, 2025 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: January 16, 2025 MUELLER WATER PRODUCTS, INC. By: /s/ Chason A. Carroll Chason A. Carroll Senior Vice President, General Counsel and Corporate Secretary