Hamilton Beach Brands Hints at Executive Changes or Comp Adjustments

Ticker: HBB · Form: 8-K · Filed: 2024-02-22T00:00:00.000Z

Sentiment: neutral

Topics: executive-changes, compensation, corporate-governance

TL;DR

**Hamilton Beach Brands just filed an 8-K hinting at executive changes or new pay deals, so keep an eye on leadership.**

AI Summary

Hamilton Beach Brands Holding Company filed an 8-K on February 22, 2024, reporting an event that occurred on February 19, 2024. The filing pertains to Item 5.02, "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers," and Item 9.01, "Financial Statements and Exhibits." This indicates potential changes in executive leadership or their compensation structures at the company.

Why It Matters

Changes in executive leadership or compensation can signal strategic shifts, financial performance issues, or new growth initiatives, directly impacting investor confidence and future company direction.

Risk Assessment

Risk Level: medium — Changes in executive leadership or compensation can introduce uncertainty, but the specific nature of the changes is not yet detailed, making the risk moderate.

Key Players & Entities

FAQ

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

The earliest event reported in this 8-K filing occurred on February 19, 2024.

Which company filed this 8-K?

Hamilton Beach Brands Holding Company filed this 8-K.

What are the specific items reported in this 8-K?

The specific items reported are Item 5.02, "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers," and Item 9.01, "Financial Statements and Exhibits."

What is the registrant's telephone number?

The registrant's telephone number is (804) 273-9777.

Where are the principal executive offices of Hamilton Beach Brands Holding Company located?

The principal executive offices are located at 4421 WATERFRONT DR, GLEN ALLEN, VA 23060.

From the Filing

0001709164-24-000002.txt : 20240222 0001709164-24-000002.hdr.sgml : 20240222 20240222073422 ACCESSION NUMBER: 0001709164-24-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20240219 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: 20240222 DATE AS OF CHANGE: 20240222 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Hamilton Beach Brands Holding Co CENTRAL INDEX KEY: 0001709164 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC HOUSEWARES & FANS [3634] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 311236686 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38214 FILM NUMBER: 24662314 BUSINESS ADDRESS: STREET 1: 4421 WATERFRONT DRIVE CITY: GLEN ALLEN STATE: VA ZIP: 23060 BUSINESS PHONE: 804-273-9777 MAIL ADDRESS: STREET 1: 4421 WATERFRONT DRIVE CITY: GLEN ALLEN STATE: VA ZIP: 23060 8-K 1 hbb-20240219.htm 8-K hbb-20240219 0001709164 false 0001709164 2024-02-19 2024-02-19 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): February 19, 2024 HAMILTON BEACH BRANDS HOLDING COMPANY (Exact name of registrant as specified in its charter) Delaware 001-38214 31-1236686 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 4421 WATERFRONT DR GLEN ALLEN VA 23060 (Address of principal executive offices) (Zip code) (804) 273-9777 (Registrant's telephone number, including area code) 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 (see General Instruction 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 Class A Common Stock, Par Value $0.01 Per Share HBB 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 February 19, 2024, the Board of Directors of Hamilton Beach Brands Holding Company (the “Company”) appointed R. Scott Tidey as President of the Company. Mr. Tidey will succeed Gregory H. Trepp as President of the Company, effective as of February 19, 2024 (the “Effective Date). Mr. Trepp, who, prior to the Effective Date, served as President and Chief Execu

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