Simpson Manufacturing Elects New Directors, Adjusts Executive Pay
Ticker: SSD · Form: 8-K · Filed: Oct 28, 2024 · CIK: 920371
| Field | Detail |
|---|---|
| Company | Simpson Manufacturing Co., Inc. (SSD) |
| Form Type | 8-K |
| Filed Date | Oct 28, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $568,218, $575,000, $431,250, $862,500 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
TL;DR
SIMPSON MFG ELECTS NEW BOARD MEMBERS & ADJUSTS EXEC PAY.
AI Summary
On October 23, 2024, Simpson Manufacturing Co., Inc. announced changes to its board of directors and executive compensation. Specifically, the company elected two new directors, Michael J. Vance and David A. K. MacGregor, to its Board of Directors, effective immediately. Additionally, the company entered into new employment agreements with certain executive officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance changes and executive compensation adjustments, which are common and generally do not indicate significant operational risks.
Key Players & Entities
- Simpson Manufacturing Co., Inc. (company) — Registrant
- Michael J. Vance (person) — Newly elected director
- David A. K. MacGregor (person) — Newly elected director
- October 23, 2024 (date) — Date of earliest event reported
FAQ
Who were the new directors elected to Simpson Manufacturing's Board?
Michael J. Vance and David A. K. MacGregor were elected as new directors.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on October 23, 2024.
What items are covered in this 8-K filing?
This filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, as well as financial statements and exhibits.
What is the principal executive office address for Simpson Manufacturing Co., Inc.?
The principal executive office is located at 5956 W. Las Positas Boulevard, Pleasanton, CA 94588.
What is the SIC code for Simpson Manufacturing Co., Inc.?
The Standard Industrial Classification (SIC) code is 3420, which corresponds to CUTLERY, HANDTOOLS & GENERAL HARDWARE.
Filing Stats: 964 words · 4 min read · ~3 pages · Grade level 11 · Accepted 2024-10-28 17:08:13
Key Financial Figures
- $0.01 — ich Registered Common Stock, par value $0.01 per share SSD New York Stock Exchange
- $568,218 — eive a base salary at an annual rate of $568,218, will continue to participate in the Co
- $575,000 — other things: (i) annual base salary of $575,000; (ii) target annual Cash Profit Sharing
- $431,250 — ofit Sharing (CPS) bonus opportunity of $431,250 per year (earned from 0% to 200% of tar
- $862,500 — ong-term incentive award opportunity of $862,500 for the 2025 grant in the form of targe
Filing Documents
- ssd-20241023.htm (8-K) — 39KB
- exhibit991pressrelease.htm (EX-99.1) — 10KB
- exhibit991pressrelease001.jpg (GRAPHIC) — 187KB
- exhibit991pressrelease002.jpg (GRAPHIC) — 189KB
- exhibit991pressrelease003.jpg (GRAPHIC) — 210KB
- exhibit991pressrelease004.jpg (GRAPHIC) — 82KB
- 0000920371-24-000179.txt ( ) — 1096KB
- ssd-20241023.xsd (EX-101.SCH) — 2KB
- ssd-20241023_lab.xml (EX-101.LAB) — 22KB
- ssd-20241023_pre.xml (EX-101.PRE) — 13KB
- ssd-20241023_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release, dated October 28, 2024, issued by Simpson Manufacturing Co., Inc. 104 Cover Page Interactive Data File (embedded within the XBRL document)
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. Simpson Manufacturing Co., Inc. (Registrant) DATE: October 28, 2024 By /s/ Cassandra Payton Cassandra Payton Executive Vice President, General Counsel 2