Enpro Inc. Reports Executive/Director Changes, Compensation Shifts

TL;DR

**Enpro Inc. just reported executive/director changes and compensation shifts, watch for strategic impacts.**

AI Summary

Enpro Inc. filed an 8-K on January 8, 2024, reporting an event that occurred on January 5, 2024. This filing indicates a change in 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers,' suggesting a significant personnel or compensation shift. For investors, this matters because changes in leadership or executive compensation can signal strategic shifts, impact company stability, or affect future financial performance, potentially influencing stock valuation.

Why It Matters

Changes in executive leadership or compensation can signal strategic shifts or impact company stability, directly affecting investor confidence and stock performance.

Risk Assessment

Risk Level: medium — Personnel and compensation changes can introduce uncertainty regarding future company direction and performance, posing a moderate risk to investors.

Analyst Insight

A smart investor would investigate the specific details of the personnel and compensation changes once they become public to understand the strategic implications and potential impact on Enpro Inc.'s future performance.

Key Players & Entities

• Enpro Inc. (company) — the registrant filing the 8-K
• January 5, 2024 (date) — date of the earliest event reported in the 8-K
• January 8, 2024 (date) — date the 8-K was filed
• 001-31225 (other) — Commission file number for Enpro Inc.
• North Carolina (other) — State of incorporation for Enpro Inc.

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value NPO New York Stock Exchan
• $480,000 — ase salary at an initial annual rate of $480,000 and be eligible to participate in the C

Filing Documents

• ef20018105_8k.htm (8-K) — 36KB
• ef20018105_ex99-1.htm (EX-99.1) — 11KB
• image0.jpg (GRAPHIC) — 86KB
• 0001140361-24-001161.txt ( ) — 305KB
• npo-20240105.xsd (EX-101.SCH) — 4KB
• npo-20240105_lab.xml (EX-101.LAB) — 22KB
• npo-20240105_pre.xml (EX-101.PRE) — 16KB
• ef20018105_8k_htm.xml (XML) — 4KB

02

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. As previously reported in the Form 8-K filed by Enpro Inc. (the "Company") on May 2, 2023, on April 28, 2023, J. Milton Childress II, Executive Vice President and Chief Financial Officer of the Company, informed the Company of his plan to retire in the first half of 2024, but was willing to remain in his role until a successor was named and onboarded. On January 5, 2024, the Board of Directors appointed Joseph F. Bruderek Jr. as Chief Financial Officer of the Company effective as of April 1, 2024 and, consistent with his retirement plans, Mr. Childress will cease to be Chief Financial Officer at that time. Mr. Bruderek was appointed Executive Vice President, Finance effective on January 8, 2024 when he commenced his employment with the Company. Mr. Bruderek, age 45, served from April 2022 to June 2023 as Vice President, Commodities and Corporate Strategy of Momentive Performance Materials Inc., a global provider of silicones and specialty materials that formerly was a division of General Electric Company. During Mr. Bruderek's career at Momentive Performance Materials, he served as Vice President, Corporate Development from June 2018 until April 2022, as Vice President and General Manager, Sealants from March 2014 to June 2018, as Director of Finance, Formulated Products Division from July 2012 to March 2014, as Chief Financial Officer, Americas from March 2009 to June 2012 and as Operations Finance Leader, Americas from January 2009 to March 2009. Mr. Bruderek joined Momentive Performance Materials in connection with General Electric's sale of the division to Momentive Performance Materials in December 2006, after having served in various positions of increasing responsibility at General Electric from 2000. Mr. Bruderek will receive base salary at an initial annual rate of $480,000 and be eligible to parti

01

Item 7.01. Regulation FD Disclosure. On January 8, 2024, the Company issued a press release, which press release is furnished as Exhibit 99.1 hereto. The information in this Item 7.01 and Exhibit 99.1 hereto is being furnished and 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 and shall not be deemed incorporated by reference into any filing by the Company 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.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press release dated January 8, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 3

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:January 8, 2024 ENPRO INC. By: /s/ Robert S. McLean Robert S. McLean Executive Vice President, General Counsel and Secretary 4

View Full Filing

View this 8-K filing on SEC EDGAR