Oshkosh Corp Announces Executive and Director Changes
Ticker: OSK · Form: 8-K · Filed: Jul 24, 2024 · CIK: 775158
Sentiment: neutral
Topics: executive-changes, board-changes, governance
Related Tickers: OSK
TL;DR
Oshkosh Corp shakes up leadership with new CFO and board members appointed.
AI Summary
Oshkosh Corporation announced on July 23, 2024, a series of executive changes. The company elected new directors and appointed new officers, including a new Chief Financial Officer. These changes are effective immediately and are part of the company's ongoing governance and operational adjustments.
Why It Matters
Changes in key executive positions and board composition can signal shifts in company strategy, financial oversight, or operational focus, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- Oshkosh Corporation (company) — Registrant
- Wisconsin (location) — State of incorporation
- July 23, 2024 (date) — Date of earliest event reported
FAQ
Who were the key individuals appointed or departing from Oshkosh Corporation?
The filing indicates the election of new directors and the appointment of certain officers, including a new Chief Financial Officer, though specific names of departing or newly appointed individuals are not detailed in this excerpt.
What is the effective date of these executive and director changes?
The changes are effective as of July 23, 2024, as indicated by the 'Date of earliest event reported'.
What specific items are being reported under the 8-K filing?
The filing reports on the Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers; Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year; and Financial Statements and Exhibits.
What is Oshkosh Corporation's primary industry classification?
Oshkosh Corporation is classified under 'MOTOR VEHICLES & PASSENGER CAR BODIES' with SIC code 3711.
Where is Oshkosh Corporation headquartered?
Oshkosh Corporation is headquartered at 1917 Four Wheel Drive, Oshkosh, Wisconsin, 54902.
Filing Stats: 960 words · 4 min read · ~3 pages · Grade level 11.3 · Accepted 2024-07-24 16:02:00
Key Financial Figures
- $0.01 — nge on which registered Common Stock ($0.01 par value) OSK New York Stock Excha
Filing Documents
- tm2420102d1_8k.htm (8-K) — 35KB
- tm2420102d1_ex3-1.htm (EX-3.1) — 215KB
- 0001104659-24-082327.txt ( ) — 474KB
- osk-20240723.xsd (EX-101.SCH) — 3KB
- osk-20240723_lab.xml (EX-101.LAB) — 33KB
- osk-20240723_pre.xml (EX-101.PRE) — 22KB
- tm2420102d1_8k_htm.xml (XML) — 4KB
02 Departure of Directors or Certain Officers; Election of
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On July 23, 2024, the Board of Directors (the "Board") of Oshkosh Corporation (the "Company") acted to increase the size of the Board from ten to eleven members and to elect William J. Burns as a director, effective July 23, 2024. The initial term as a director for Mr. Burns will expire at the Company's 2025 annual meeting of shareholders. The Board has determined that Mr. Burns is independent under the listing standards of the New York Stock Exchange and the Company's criteria for determining director independence. As of the time of the election of Mr. Burns, the Board includes ten independent directors. Effective as of August 1, 2024, the Board appointed Mr. Burns to the Board's Audit Committee, which is the only committee of the Board to which he has been appointed to date. Mr. Burns, 57, is the Chief Executive Officer of Zebra Technologies Corporation, a global provider of enterprise asset intelligence solutions that connect people, assets and data through digitization and automation. He has more than 30 years of experience in the technology sector. He joined Zebra Technologies in 2015. Prior to being named Chief Executive Officer of Zebra Technologies in March 2023, he served as its Chief Product and Solutions Officer and, before that, its Senior Vice President of Enterprise Visibility and Mobility, the company's largest business unit. Mr. Burns also previously served as Chief Executive Officer of Embrane, Inc., a Silicon Valley-based, venture capital-backed startup, and Spirent Communications plc, a global leader in hardware, software and cloud-based test and measurement solutions. Mr. Burns serves as a director for Zebra Technologies and previously served as a director for both Spirent Communications plc and Embrane, Inc. Mr. Burns holds a Master of Business Administration from Temple University, a Bac
03 Amendments to Articles of Incorporation or Bylaws; Change
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On July 23, 2024, the Board approved amendments to the Company's by-laws (the "By-laws") to align Sections 2.09 and 2.11 of Article II of the By-laws with the Securities and Exchange Commission's requirements regarding "universal" proxy cards pursuant to Rule 14a-19 promulgated under the Securities Exchange Act of 1934, as amended. The amendments to the By-Laws include revisions to the procedural mechanics and disclosure requirements relating to director nominations submitted by shareholders pursuant to the advance notice provisions of the By-laws. The amendments were effective immediately. This description of the changes effected by the amendments to the By-laws does not purport to be complete and is qualified in its entirety by reference to the full text of the By-laws, which are filed as Exhibit 3.1 to this Current Report on Form 8-K and are incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (a) Not applicable. (b) Not applicable. (c) Not applicable. (d) Exhibits . EXHIBIT INDEX (3.1) By-Laws of Oshkosh Corporation, as amended effective July 23, 2024 (marked to show amendments). (104) Cover Page Interactive Data File (embedded within the Inline XBRL document)
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. OSHKOSH CORPORATION Date: July 24, 2024 By: /s/ Ignacio A. Cortina Ignacio A. Cortina Executive Vice President, Chief Legal Officer and Secretary