Tennant Co. Appoints New CFO and CAO
Ticker: TNC · Form: 8-K · Filed: May 2, 2024 · CIK: 97134
| Field | Detail |
|---|---|
| Company | Tennant Co (TNC) |
| Form Type | 8-K |
| Filed Date | May 2, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.375 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, leadership-change
TL;DR
Tennant Co. just named a new CFO and CAO, effective May 1st. Big changes in finance leadership.
AI Summary
Tennant Company announced on May 1, 2024, changes in its executive leadership. The company appointed Christopher J. Smith as Chief Financial Officer and Executive Vice President, effective May 1, 2024. Additionally, Kelly M. Mann was appointed as Chief Accounting Officer and Senior Vice President, also effective May 1, 2024. These appointments are part of the company's ongoing strategic initiatives.
Why It Matters
Key executive appointments can signal strategic shifts or stability within a company, impacting investor confidence and operational direction.
Risk Assessment
Risk Level: low — The filing reports routine executive appointments, which typically carry low inherent risk.
Key Players & Entities
- Tennant Company (company) — Registrant
- Christopher J. Smith (person) — Appointed Chief Financial Officer and Executive Vice President
- Kelly M. Mann (person) — Appointed Chief Accounting Officer and Senior Vice President
- May 1, 2024 (date) — Effective date of appointments
FAQ
Who has been appointed as the new Chief Financial Officer of Tennant Company?
Christopher J. Smith has been appointed as the new Chief Financial Officer and Executive Vice President of Tennant Company.
When were the new executive appointments effective?
The appointments of Christopher J. Smith and Kelly M. Mann were effective May 1, 2024.
What is the role of Kelly M. Mann within Tennant Company?
Kelly M. Mann has been appointed as Chief Accounting Officer and Senior Vice President.
What is the principal executive office address for Tennant Company?
The address of the principal executive offices is 10400 Clean Street, Eden Prairie, Minnesota 55344.
What is the IRS Employer Identification Number for Tennant Company?
The IRS Employer Identification Number for Tennant Company is 41-0572550.
Filing Stats: 742 words · 3 min read · ~2 pages · Grade level 12 · Accepted 2024-05-02 16:05:28
Key Financial Figures
- $0.375 — h registered Common Stock, par value $0.375 per share TNC New York Stock Exchan
Filing Documents
- tm2413353d1_8k.htm (8-K) — 40KB
- 0001104659-24-056371.txt ( ) — 208KB
- tnc-20240501.xsd (EX-101.SCH) — 3KB
- tnc-20240501_lab.xml (EX-101.LAB) — 33KB
- tnc-20240501_pre.xml (EX-101.PRE) — 22KB
- tm2413353d1_8k_htm.xml (XML) — 3KB
02 Departure of
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. As disclosed in more detail below under Item 5.07, at the Annual Meeting of Shareholders on May 1, 2024 (the "2024 Annual Meeting"), the shareholders of Tennant Company (the "Company") approved the Tennant Company Amended and Restated 2020 Stock Incentive Plan (the "Amended 2020 Plan"). The Amended 2020 Plan includes the following material changes: (i) increases the shares available for issuance under the plan by 1,100,000 shares, (ii) extends the term of the plan to May 1, 2034, and (iii) removes certain limitations on the maximum number of shares that can be granted under awards to any one participant in any calendar year because the limitation is no longer required following changes to Section 162(m) of the Internal Revenue Code. The material terms of the Amended 2020 Plan are described in the Company's proxy statement for the 2024 Annual Meeting filed on March 21, 2024, which description is incorporated herein by reference.
07 Submission of Matters to a Vote of Security
Item 5.07 Submission of Matters to a Vote of Security Holders. The Company held the 2024 Annual Meeting for purposes of electing two directors, ratifying the appointment of Deloitte & Touche LLP as the independent registered public accounting firm of the Company for the year ending December 31, 2024, providing advisory approval on executive compensation, and approving the Tennant Company Amended and Restated 2020 Stock Incentive Plan. Results of shareholder voting on these matters were as follows: For Against Abstain Broker Non-Vote 1. Each of the following two Class II directors was elected for a three-year term expiring in 2027, such that the total number of directors is eight: Azita Arvani 15,906,386 612,765 7,180 848,739 Timothy R. Morse 16,389,920 129,091 7,320 848,739 For Against Abstain Broker Non-Vote 2. The appointment of Deloitte & Touche LLP as the independent registered public accounting firm of the Company for the year ending December 31, 2024 was ratified. 17,354,297 13,688 7,085 For Against Abstain Broker Non-Vote 3. Advisory approval of executive compensation was received. 15,768,918 747,098 10,315 848,739 For Against Abstain Broker Non-Vote 4. The Tennant Company Amended and Restated 2020 Stock Incentive Plan was approved. 15,287,246 1,229,167 9,918 848,739 There were 19,006,003 shares of common stock entitled to vote at the 2024 Annual Meeting and a total of 17,375.070 (91.41%) shares were represented at the meeting. 2
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. Tennant Company Date: May 2, 2024 By: /s/ Kristin A. Erickson Kristin A. Erickson Senior Vice President, General Counsel and Corporate Secretary 3