Woodward Appoints New CFO, Grants Stock Units
Ticker: WWD · Form: 8-K · Filed: Mar 15, 2024 · CIK: 108312
Sentiment: neutral
Topics: executive-appointment, compensation, cfo
TL;DR
Woodward names Mark Johnson new CFO, effective March 18th, with $475k salary + stock.
AI Summary
On March 12, 2024, Woodward, Inc. announced the appointment of Mr. Mark J. R. Johnson as Senior Vice President, Chief Financial Officer and Treasurer, effective March 18, 2024. Mr. Johnson will receive an annual base salary of $475,000 and will be eligible for a discretionary annual bonus. He will also receive a grant of restricted stock units with a target value of $1,200,000.
Why It Matters
The appointment of a new CFO is a significant leadership change that could impact the company's financial strategy and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key financial leadership can introduce uncertainty regarding future financial strategies and performance.
Key Numbers
- $475,000 — CFO Annual Base Salary (This is the starting salary for the newly appointed CFO, Mark Johnson.)
- $1,200,000 — CFO Stock Grant Value (This represents the target value of restricted stock units awarded to the new CFO as part of his compensation.)
Key Players & Entities
- Woodward, Inc. (company) — Registrant
- Mark J. R. Johnson (person) — Appointed Senior Vice President, Chief Financial Officer and Treasurer
- $475,000 (dollar_amount) — Annual base salary for new CFO
- $1,200,000 (dollar_amount) — Target value of restricted stock units granted to new CFO
- March 18, 2024 (date) — Effective date of new CFO's appointment
FAQ
Who has been appointed as the new Senior Vice President, Chief Financial Officer and Treasurer of Woodward, Inc.?
Mr. Mark J. R. Johnson has been appointed as the new Senior Vice President, Chief Financial Officer and Treasurer of Woodward, Inc.
When is the effective date for Mr. Mark J. R. Johnson's new role?
The appointment is effective March 18, 2024.
What is the annual base salary for the new CFO?
The annual base salary for Mr. Mark J. R. Johnson is $475,000.
What is the target value of the restricted stock units granted to the new CFO?
The target value of the restricted stock units granted to Mr. Mark J. R. Johnson is $1,200,000.
Is the new CFO eligible for a bonus?
Yes, Mr. Mark J. R. Johnson will be eligible for a discretionary annual bonus.
Filing Stats: 485 words · 2 min read · ~2 pages · Grade level 10.9 · Accepted 2024-03-15 13:21:12
Key Financial Figures
- $0.001455 — ch registered Common Stock, par value $0.001455 per share WWD Nasdaq Global Select
Filing Documents
- wwd-20240312.htm (8-K) — 37KB
- 0000950170-24-032026.txt ( ) — 144KB
- wwd-20240312.xsd (EX-101.SCH) — 23KB
- wwd-20240312_htm.xml (XML) — 4KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (a) Financial statements: None (b) Pro forma financial information: None (c) Shell company transactions: None (d) Exhibits: None
SIGNATURES
SIGNATURES 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. WOODWARD, INC. Date: March 15, 2024 By: /s/ Charles P. Blankenship, Jr. Charles P. Blankenship, Jr. Chairman of the Board and Chief Executive Officer