Eaton Corp plc 8-K: Officer/Director Changes & Comp Arrangements

TL;DR

**Eaton Corp plc filed an 8-K on Jan 18, 2024, signaling executive changes and compensation details from Jan 11, 2024.**

AI Summary

Eaton Corporation plc filed an 8-K on January 18, 2024, reporting an event that occurred on January 11, 2024. The filing indicates information related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits'. This matters to investors because changes in executive leadership or their compensation can signal shifts in company strategy, financial health, or governance, potentially impacting future stock performance.

Why It Matters

Changes in executive leadership and compensation structures can influence a company's strategic direction and financial stability, directly affecting investor confidence and stock valuation.

Risk Assessment

Risk Level: medium — Changes in leadership or compensation can introduce uncertainty, but the specific details are not yet public, making the immediate impact unclear.

Analyst Insight

A smart investor would monitor subsequent filings or company announcements for specific details regarding the executive changes and compensation arrangements to assess their potential impact on Eaton's future performance and strategy.

Key Players & Entities

• Eaton Corporation plc (company) — the registrant filing the 8-K
• January 11, 2024 (date) — date of the earliest event reported
• January 18, 2024 (date) — date the 8-K was filed
• ETN (company) — trading symbol for Eaton Corporation plc
• New York Stock Exchange (company) — exchange where Eaton's ordinary shares are registered

FAQ

From the Filing

0001140361-24-002654.txt : 20240118 0001140361-24-002654.hdr.sgml : 20240118 20240118114646 ACCESSION NUMBER: 0001140361-24-002654 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240111 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: 20240118 DATE AS OF CHANGE: 20240118 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Eaton Corp plc CENTRAL INDEX KEY: 0001551182 STANDARD INDUSTRIAL CLASSIFICATION: MISC INDUSTRIAL & COMMERCIAL MACHINERY & EQUIPMENT [3590] ORGANIZATION NAME: 06 Technology IRS NUMBER: 981059235 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-54863 FILM NUMBER: 24540741 BUSINESS ADDRESS: STREET 1: 30 PEMBROKE ROAD STREET 2: EATON HOUSE CITY: DUBLIN STATE: L2 ZIP: DUBLIN 4 BUSINESS PHONE: 353 1637 2900 MAIL ADDRESS: STREET 1: 30 PEMBROKE ROAD STREET 2: EATON HOUSE CITY: DUBLIN STATE: L2 ZIP: DUBLIN 4 FORMER COMPANY: FORMER CONFORMED NAME: Eaton Corp Ltd DATE OF NAME CHANGE: 20120530 8-K 1 ef20019016_8k.htm 8-K false 0001551182 0001551182 2024-01-11 2024-01-11 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 11, 2024   EATON CORPORATION plc  (Exact name of registrant as specified in its charter) Ireland   000-54863   98-1059235 (State or other jurisdiction of incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)   Eaton House , 30 Pembroke Road , Dublin 4 , Ireland   D04 Y0C2 (Address of principal executive offices)   (Zip Code)   + 353 1637 2900     (Registrant’s telephone number, including area code)     Not applicable     (Former name or former address, if changed since last report.)   Check the appropriate box below if the Form 8-K 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))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol   Name of each exchange on which registered Ordinary shares ($0.01 par value)   ETN   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 or Rule 12b-2 of the Securities Exchange Act of 1934.   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 11, 2024 , Eaton Corporation (the “Company”) and Thomas B. Okray, Executive Vice President and Chief Financial Officer mutually agreed that effective February 2, 2024, Mr. Okray’s employment with the Company will end.   Mr. Okray expressed full support for the Registrant's financial practices and policies, emphasizing that the mutual decision is not the result