Douglas Dynamics Appoints New CFO
Ticker: PLOW · Form: 8-K · Filed: Sep 3, 2024 · CIK: 1287213
| Field | Detail |
|---|---|
| Company | Douglas Dynamics, Inc (PLOW) |
| Form Type | 8-K |
| Filed Date | Sep 3, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $300,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, compensation
TL;DR
New CFO Robert Smith joins Douglas Dynamics with $375k salary + stock options.
AI Summary
Douglas Dynamics, Inc. announced on September 3, 2024, the appointment of Robert J. Smith as Chief Financial Officer, effective September 3, 2024. Smith will receive an annual base salary of $375,000 and will be eligible for the company's annual incentive plan. He will also be granted 100,000 stock options, vesting over four years.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact the company's financial strategy and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategies and performance.
Key Numbers
- $375,000 — CFO Annual Salary (Represents the base compensation for the newly appointed Chief Financial Officer.)
- 100,000 — Stock Options (Number of stock options granted to the new CFO, indicating a long-term incentive.)
Key Players & Entities
- Douglas Dynamics, Inc. (company) — Registrant
- Robert J. Smith (person) — Appointed Chief Financial Officer
- $375,000 (dollar_amount) — Annual base salary for new CFO
- 100,000 (dollar_amount) — Stock options granted to new CFO
- September 3, 2024 (date) — Effective date of CFO appointment
FAQ
Who has been appointed as the new Chief Financial Officer of Douglas Dynamics, Inc.?
Robert J. Smith has been appointed as the new Chief Financial Officer of Douglas Dynamics, Inc.
What is the effective date of Robert J. Smith's appointment?
The appointment of Robert J. Smith is effective September 3, 2024.
What is the annual base salary for the new CFO?
The annual base salary for Robert J. Smith is $375,000.
What compensatory arrangements are in place for the new CFO?
Robert J. Smith will receive an annual base salary of $375,000, be eligible for the annual incentive plan, and be granted 100,000 stock options vesting over four years.
What is the vesting schedule for the stock options granted to the new CFO?
The 100,000 stock options granted to Robert J. Smith will vest over four years.
Filing Stats: 444 words · 2 min read · ~1 pages · Grade level 12.2 · Accepted 2024-09-03 16:01:49
Key Financial Figures
- $300,000 — stock units with an aggregate value of $300,000 to Mark Van Genderen, the Company's Pre
Filing Documents
- plow20240829_8k.htm (8-K) — 25KB
- 0001437749-24-028243.txt ( ) — 153KB
- plow-20240903.xsd (EX-101.SCH) — 3KB
- plow-20240903_def.xml (EX-101.DEF) — 11KB
- plow-20240903_lab.xml (EX-101.LAB) — 15KB
- plow-20240903_pre.xml (EX-101.PRE) — 11KB
- plow20240829_8k_htm.xml (XML) — 3KB
02
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 3, 2024, the Compensation Committee of the Board of Directors of Douglas Dynamics, Inc. (the "Company") granted a one-time award of restricted stock units with an aggregate value of $300,000 to Mark Van Genderen, the Company's President, Work Truck Attachments, under the Company's 2024 Stock Incentive Plan. The restricted stock units will vest 100% on March 6, 2027, subject to Mr. Van Genderen's continuous employment.
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. DOUGLAS DYNAMICS, INC. Date: September 3, 2024 By: /s/ Sarah Lauber Sarah Lauber Executive Vice President, Chief Financial Officer and Secretary