Eaton Corp plc Announces Executive and Director Changes

TL;DR

Eaton Corp plc (ETN) CFO Michael J. McGuire appointed, effective April 22, 2024. Board also saw director elections.

AI Summary

On April 18, 2024, Eaton Corp plc filed an 8-K report detailing changes in its executive officers and board of directors. Specifically, the filing announced the appointment of Michael J. McGuire as Chief Financial Officer, effective April 22, 2024. The report also disclosed the election of new directors and adjustments to compensatory arrangements for certain officers.

Why It Matters

Changes in key executive positions like CFO can signal shifts in financial strategy or operational focus, impacting investor confidence and the company's future performance.

Risk Assessment

Risk Level: low — This filing is a routine corporate disclosure regarding executive and director appointments, not indicating any significant financial distress or operational issues.

Key Players & Entities

• Eaton Corp plc (company) — Registrant
• Michael J. McGuire (person) — Appointed Chief Financial Officer
• April 18, 2024 (date) — Date of Report
• April 22, 2024 (date) — Effective date of CFO appointment

FAQ

From the Filing

0001140361-24-020930.txt : 20240422 0001140361-24-020930.hdr.sgml : 20240422 20240422102220 ACCESSION NUMBER: 0001140361-24-020930 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240418 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: 20240422 DATE AS OF CHANGE: 20240422 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: 24859846 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 ef20027228_8k.htm 8-K false 0001551182 NYSE 0001551182 2024-04-18 2024-04-18 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): April 18, 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 April 18, 2024, Daniel R. Hopgood, Senior Vice President and Controller, notified the Company of his intent to resign from his position, effective May 10, 2024,  in order to pursue another opportunity.  On April 22, 2024, Eaton announced that Adam A. Wadecki, age 40, will succeed Mr. Hopgood in that role and as the registrant’s principal accounting officer. Mr. Wadecki is currently serving as Senior Vice President,