AMETEK Files 8-K on Officer Compensation & Departures

TL;DR

**AMETEK just filed an 8-K about executive pay and officer changes, keep an eye on leadership.**

AI Summary

AMETEK, Inc. filed an 8-K on January 16, 2024, to report changes in its executive compensation arrangements and potentially the departure or election of certain officers. This filing, under Items 5.02 and 9.01, indicates that the company is updating its compensatory structures for key personnel. For investors, this matters because changes in executive compensation can signal shifts in corporate strategy, performance incentives, or leadership stability, which could impact future stock performance.

Why It Matters

Changes in executive compensation and officer roles can reflect strategic shifts or performance incentives, directly influencing investor confidence and the company's future direction.

Risk Assessment

Risk Level: medium — Changes in executive compensation or officer roles can introduce uncertainty regarding leadership stability and future strategic direction, posing a moderate risk to investors.

Analyst Insight

A smart investor would monitor subsequent filings or company announcements for specific details on the executive changes and compensation arrangements to understand their potential impact on AMETEK's strategic direction and financial health.

Key Numbers

• $0.01 — Par Value (Par value of AMETEK's Common Stock)

Key Players & Entities

• AMETEK, Inc. (company) — registrant
• January 16, 2024 (date) — date of earliest event reported
• Delaware (company) — state of incorporation
• 1-12981 (dollar_amount) — Commission File Number
• 14-1682544 (dollar_amount) — IRS Employer Identification No.
• 1100 Cassatt Road Berwyn, Pennsylvania 19312 (company) — Address of principal executive offices
• (610) 647-2121 (dollar_amount) — Registrant’s telephone number
• Common Stock, $0.01 Par Value (voting) (company) — Title of each class of securities
• AME (company) — Trading symbol
• New York Stock Exchange (company) — Exchange on which registered

FAQ

From the Filing

0001037868-24-000002.txt : 20240116 0001037868-24-000002.hdr.sgml : 20240116 20240116135841 ACCESSION NUMBER: 0001037868-24-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240116 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240116 DATE AS OF CHANGE: 20240116 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMETEK INC/ CENTRAL INDEX KEY: 0001037868 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 141682544 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12981 FILM NUMBER: 24534675 BUSINESS ADDRESS: STREET 1: 1100 CASSATT ROAD CITY: BERWYN STATE: PA ZIP: 19312 BUSINESS PHONE: 610-647-2121 MAIL ADDRESS: STREET 1: 1100 CASSATT ROAD CITY: BERWYN STATE: PA ZIP: 19312 FORMER COMPANY: FORMER CONFORMED NAME: AMETEK AEROSPACE PRODUCTS INC DATE OF NAME CHANGE: 19970415 8-K 1 ame-20240116.htm 8-K ame-20240116 0001037868 FALSE 0001037868 2024-01-16 2024-01-16   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): January 16, 2024 __________________ AMETEK, Inc. (Exact name of registrant as specified in its charter) __________________ Delaware 1-12981 14-1682544 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 1100 Cassatt Road Berwyn, Pennsylvania 19312 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: ( 610 ) 647-2121 Not Applicable (Former name or former address, if changed since last report) __________________ 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 (see General Instructions A.2. below): ☐     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)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock, $0.01 Par Value (voting) AME New York Stock Exchange 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.  Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 16, 2024, AMETEK, Inc. (the “Company”) announced that William J. Burke, Executive Vice President and Chief Financial Officer, intends to retire effective April 2, 2024. He will remain with the Company through April 2025 in the role of strategic advisor to facilitate