Thermon Group Holdings Announces Executive and Board Changes

TL;DR

Thermon Group Holdings shakes up CFO and board with new appointments.

AI Summary

Thermon Group Holdings, Inc. announced on September 19, 2024, changes in its executive team and board of directors. The company appointed Kevin M. Johnson as Chief Financial Officer and elected two new directors, David M. K. Lee and Robert J. Smith, to its Board. These changes are effective immediately.

Why It Matters

Changes in key leadership roles and board composition can signal shifts in company strategy, financial oversight, or future direction.

Risk Assessment

Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and performance.

Key Players & Entities

• Thermon Group Holdings, Inc. (company) — Registrant
• Kevin M. Johnson (person) — Appointed Chief Financial Officer
• David M. K. Lee (person) — Elected Director
• Robert J. Smith (person) — Elected Director
• September 19, 2024 (date) — Date of earliest event reported

FAQ

From the Filing

0001489096-24-000156.txt : 20240925 0001489096-24-000156.hdr.sgml : 20240925 20240925070212 ACCESSION NUMBER: 0001489096-24-000156 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240919 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240925 DATE AS OF CHANGE: 20240925 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Thermon Group Holdings, Inc. CENTRAL INDEX KEY: 0001489096 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL INDUSTRIAL APPARATUS [3620] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 272228185 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35159 FILM NUMBER: 241321271 BUSINESS ADDRESS: STREET 1: 7171 SOUTHWEST PARKWAY STREET 2: BUILDING 300, SUITE 200 CITY: AUSTIN STATE: TX ZIP: 78735 BUSINESS PHONE: 5126900600 MAIL ADDRESS: STREET 1: 7171 SOUTHWEST PARKWAY STREET 2: BUILDING 300, SUITE 200 CITY: AUSTIN STATE: TX ZIP: 78735 8-K 1 thr-20240919.htm 8-K thr-20240919 0001489096 false 0001489096 2024-03-28 2024-03-28 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): September 19, 2024 THERMON GROUP HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware 001-35159 27-2228185 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification Number) 7171 Southwest Parkway Building 300, Suite 200 Austin TX 78735 (Address of principal executive offices) (Zip code) Registrant’s telephone number, including area code: ( 512 ) 690-0600 Not Applicable (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, $0.001 par value per share THR 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 September 19 , 2024, the Board of Directors (the " Board ") of Thermon Group Holdings, Inc. (the “ Company ”) appointed Jan L. Schott as the Company’s Senior Vice President and Chief Financial Officer, effective October 14, 2024. In connection with joining the Company, Ms. Schott will receive an annual base salary of $450,000 and is eligible to participate in the Company’s 2012 Short-Term Incentive Plan with a target bonus of 75% of her