HUBBELL INC. UPDATES EXECUTIVE COMPENSATION ARRANGEMENTS

Ticker: HUBB · Form: 8-K · Filed: 2024-01-30T00:00:00.000Z

Sentiment: neutral

Topics: compensatory-arrangements, executive-changes, corporate-governance

TL;DR

**Hubbell is changing how it pays its top brass, watch for details on impact.**

AI Summary

Hubbell Inc. filed an 8-K on January 30, 2024, reporting an event on January 24, 2024, related to changes in its executive compensation arrangements. This filing indicates that the company is updating how it compensates its top officers, which can impact the company's financial health and executive motivation. For investors, understanding these changes is crucial as executive compensation directly affects the company's expenses and can signal confidence or concerns about future performance.

Why It Matters

Changes in executive compensation can influence leadership stability and company performance, directly affecting shareholder value and the company's financial outlook.

Risk Assessment

Risk Level: medium — Changes in executive compensation can be a medium risk as they can either motivate executives for better performance or lead to excessive costs, depending on the specifics.

Analyst Insight

Investors should monitor subsequent filings or company announcements for specific details regarding the changes in compensatory arrangements, as these details will determine the actual impact on the company's financials and executive incentives.

Key Players & Entities

Forward-Looking Statements

FAQ

What was the specific event reported in this 8-K filing?

The 8-K filing, dated January 30, 2024, reported an event on January 24, 2024, concerning 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers'.

When was this 8-K filing submitted to the SEC?

This 8-K filing was submitted to the SEC on January 30, 2024, as indicated by the 'FILED AS OF DATE: 20240130'.

What is the trading symbol and exchange for HUBBELL INCORPORATED's common stock?

HUBBELL INCORPORATED's common stock trades under the symbol 'HUBB' on the New York Stock Exchange, as stated in the 'Securities registered pursuant to Section 12(b) of the Act' section.

What is the business address and phone number of HUBBELL INCORPORATED?

The business address for HUBBELL INCORPORATED is 40 Waterview Drive, Shelton, Connecticut, 06484, and its telephone number is (475) 882-4000.

What is the purpose of an 8-K filing, as indicated by the form's title?

The form's title 'CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934' indicates that an 8-K is used to report significant events that shareholders should know about promptly.

From the Filing

0001193125-24-019452.txt : 20240130 0001193125-24-019452.hdr.sgml : 20240130 20240130163058 ACCESSION NUMBER: 0001193125-24-019452 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240124 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240130 DATE AS OF CHANGE: 20240130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HUBBELL INC CENTRAL INDEX KEY: 0000048898 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS & ACCESSORIES [3670] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 060397030 STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-02958 FILM NUMBER: 24578607 BUSINESS ADDRESS: STREET 1: 40 WATERVIEW DR CITY: SHELTON STATE: CT ZIP: 06484-1000 BUSINESS PHONE: 2037994100 MAIL ADDRESS: STREET 1: 40 WATERVIEW DR CITY: SHELTON STATE: CT ZIP: 06484-1000 FORMER COMPANY: FORMER CONFORMED NAME: HUBBELL HARVEY INC DATE OF NAME CHANGE: 19860716 8-K 1 d595576d8k.htm 8-K 8-K HUBBELL INC false 0000048898 0000048898 2024-01-24 2024-01-24     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 24, 2024     HUBBELL INCORPORATED (Exact name of registrant as specified in its charter)       Connecticut   1-2958   06-0397030 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   40 Waterview Drive     Shelton , Connecticut     06484 (Address of principal executive offices)     (Zip Code) Registrant’s telephone number, including area code: (475) 882-4000 N/A (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:   ☐ 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 - par value $0.01 per share   HUBB   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 24, 2024, John G. Russell notified Hubbell Incorporated (“Hubbell”) of his intention to retire and not stand for reelection upon the expiration of his term as a Director at Hubbell’s 2024 Annual Meeting of Shareholders. Mr. Russell’s decision to not stand for reelection to the Board of Directors did not result from any disagreemen

View on Read The Filing