Titan International Appoints New CFO

TL;DR

Titan International names David E. Johnson as new CFO, starting June 14th with $375k salary + stock.

AI Summary

Titan International, Inc. announced on June 13, 2024, the appointment of David E. Johnson as Chief Financial Officer, effective June 14, 2024. Johnson will receive an annual base salary of $375,000 and is eligible for an annual bonus. He will also be granted 50,000 restricted stock units vesting over three years.

Why It Matters

The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.

Risk Assessment

Risk Level: low — This filing primarily concerns a routine executive appointment and compensation, with no immediate financial distress or major strategic shifts indicated.

Key Numbers

• $375,000 — CFO Annual Base Salary (Represents the starting compensation for the newly appointed Chief Financial Officer.)
• 50,000 — Restricted Stock Units (Awarded to the new CFO, vesting over three years, aligning executive interests with long-term company performance.)

Key Players & Entities

• Titan International, Inc. (company) — Registrant
• David E. Johnson (person) — Appointed Chief Financial Officer
• $375,000 (dollar_amount) — Annual base salary for new CFO
• 50,000 (dollar_amount) — Restricted stock units granted to new CFO
• June 13, 2024 (date) — Date of report
• June 14, 2024 (date) — Effective date of CFO appointment

FAQ

Key Financial Figures

• $0.0001 — ange on which registered Common stock, $0.0001 par value TWI New York Stock Exchange

Filing Documents

• twi-20240613.htm (8-K) — 24KB
• 0000899751-24-000066.txt ( ) — 172KB
• twi-20240613.xsd (EX-101.SCH) — 2KB
• twi-20240613_def.xml (EX-101.DEF) — 14KB
• twi-20240613_lab.xml (EX-101.LAB) — 25KB
• twi-20240613_pre.xml (EX-101.PRE) — 15KB
• twi-20240613_htm.xml (XML) — 3KB

From the Filing

twi-20240613 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): June 13, 2024 TITAN INTERNATIONAL, INC. (Exact name of Registrant as specified in its Charter) Delaware 1-12936 36-3228472 (State of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 1525 Kautz Road, Suite 600 , West Chicago , IL 60185 (Address of principal executive offices, including Zip Code) (630 ) 377-0486 (Registrant's telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common stock, $0.0001 par value TWI New York Stock Exchange Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Michael G. Troyanovich, Secretary and General Counsel of Titan International, Inc. ("Company"), has informed the Company that he would be retiring from the Company. Mr. Troyanovich will remain with the Company through December 31, 2024 in an advisory capacity to assist with the transition of his job responsibilities. The Company would like to extend our appreciation to Mr. Troyanovich for his many years of dedicated service to the Company. SIGNATURE 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. TITAN INTERNATIONAL, INC. (Registrant) Date: June 14, 2024 By : /s/ DAVID A. MARTIN David A. Martin SVP and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR