Snap-on Inc. Reports Officer Changes & Compensation Arrangements
Ticker: SNA · Form: 8-K · Filed: Feb 22, 2024 · CIK: 91440
Sentiment: neutral
Topics: executive-changes, compensation, 8-K
TL;DR
**Snap-on just dropped an 8-K about changes in their executive team and how they're getting paid, effective February 15th!**
AI Summary
Snap-on Inc. filed an 8-K on February 22, 2024, reporting an event that occurred on February 15, 2024. The filing pertains to the departure or election of directors or certain officers, and compensatory arrangements for certain officers. The company, based in Kenosha, Wisconsin, operates under the SIC code 3420 for Cutlery, Handtools & General Hardware.
Why It Matters
This filing signals potential shifts in Snap-on Inc.'s leadership and executive compensation, which could influence future strategic decisions and financial performance.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure about executive changes and compensation, not indicating any immediate negative financial impact.
Key Players & Entities
- Snap-on Inc (company) — Registrant company
- February 15, 2024 (date) — Date of earliest event reported
- February 22, 2024 (date) — Filing date
- Kenosha, Wisconsin (location) — Company headquarters
- 001-07724 (other) — Commission File Number
FAQ
What is the purpose of this 8-K filing by Snap-on Inc.?
This 8-K filing by Snap-on Inc. is to report the departure or election of directors or certain officers, and compensatory arrangements of certain officers, as per Item 5.02 of Form 8-K.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 15, 2024.
What is Snap-on Inc.'s primary business according to its SIC code?
Snap-on Inc.'s primary business, according to its Standard Industrial Classification (SIC) code 3420, is Cutlery, Handtools & General Hardware.
Where is Snap-on Inc.'s principal executive office located?
Snap-on Inc.'s principal executive office is located at 2801 80th Street, Kenosha, Wisconsin 53143-5656.
What is the filing date of this 8-K?
The filing date of this 8-K is February 22, 2024.
Filing Stats: 461 words · 2 min read · ~2 pages · Grade level 13.4 · Accepted 2024-02-22 17:00:52
Key Financial Figures
- $1.00 — ange on which registered Common Stock, $1.00 par value SNA New York Stock Exchange
Filing Documents
- sna-20240215.htm (8-K) — 28KB
- 0000091440-24-000009.txt ( ) — 149KB
- sna-20240215.xsd (EX-101.SCH) — 2KB
- sna-20240215_lab.xml (EX-101.LAB) — 23KB
- sna-20240215_pre.xml (EX-101.PRE) — 12KB
- sna-20240215_htm.xml (XML) — 3KB
02 Departure of Directors or Certain Officers; Election of Directors; Appointment
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 15, 2024, Anup R. Banerjee, Senior Vice President – Human Resources and Chief Development Officer of Snapon Incorporated ("Snap-on," the "Company" or "we"), notified the Company of his intent to retire effective March 31, 2024. Over his 21 years with Snap-on, Mr. Banerjee has made continuous and significant contributions to our corporation. He has our congratulations on his well-earned retirement and our sincere thanks for the substantial differences he has made to our organization. The entire Snap-on team wishes him much happiness and health in the days and decades ahead. * * *
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, Snap-on Incorporated has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SNAP-ON INCORPORATED Date: February 22, 2024 By: /s/ Aldo J. Pagliari Aldo J. Pagliari, Principal Financial Officer, Senior Vice President – Finance and Chief Financial Officer