Donaldson Co Inc. Announces Board Changes and Executive Compensation Updates
Ticker: DCI · Form: 8-K · Filed: Oct 29, 2024 · CIK: 29644
Sentiment: neutral
Topics: corporate-governance, executive-compensation, board-of-directors
Related Tickers: DCI
TL;DR
DONALDSON just filed an 8-K: board shakeup and exec pay details. Watch this space.
AI Summary
On October 25, 2024, Donaldson Company, Inc. filed an 8-K report detailing changes in its board of directors and executive compensation. The filing includes the departure of certain officers and the election of new directors, alongside information regarding compensatory arrangements for key executives. The report also covers Regulation FD disclosures and financial statements.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategic direction or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance and executive compensation disclosures, with no immediate indication of significant financial distress or operational disruption.
Key Players & Entities
- DONALDSON Co INC (company) — Registrant
- October 25, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- 1400 West 94th Street, Minneapolis, MN 55431 (address) — Principal executive offices
- 6128873131 (phone_number) — Registrant's telephone number
FAQ
What specific items are covered in the 8-K filing dated October 25, 2024?
The 8-K filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, compensatory arrangements of certain officers, Regulation FD disclosures, and financial statements and exhibits.
Who is the registrant filing this 8-K report?
The registrant is DONALDSON Company, Inc.
What is the state of incorporation for DONALDSON Company, Inc.?
DONALDSON Company, Inc. is incorporated in Delaware.
What is the address of DONALDSON Company, Inc.'s principal executive offices?
The principal executive offices are located at 1400 West 94th Street, Minneapolis, MN 55431.
What is the telephone number for DONALDSON Company, Inc.?
The registrant's telephone number, including area code, is (952) 887-3131.
Filing Stats: 877 words · 4 min read · ~3 pages · Grade level 12 · Accepted 2024-10-29 16:26:53
Key Financial Figures
- $5.00 — ange on which registered Common Stock, $5.00 par value DCI New York Stock Exchange
- $500,000 — Mr. Pogalz's annual base salary will be $500,000, his annual cash incentive target oppor
- $337,500 — th a grant date fair value at target of $337,500 and a non-qualified stock option with a
- $212,436 — option with a grant date fair value of $212,436, each reflecting a pro-rated value for
- $625,000 — e to receive his current base salary of $625,000 and, per the terms of the annual cash i
Filing Documents
- dci-20241025.htm (8-K) — 27KB
- 0000029644-24-000170.txt ( ) — 148KB
- dci-20241025.xsd (EX-101.SCH) — 2KB
- dci-20241025_lab.xml (EX-101.LAB) — 21KB
- dci-20241025_pre.xml (EX-101.PRE) — 12KB
- dci-20241025_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. A copy of the press release that discusses these matters is being furnished herewith as Exhibit 99.1. The information in the Exhibit attached hereto shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. 99.1 Press Release, dated October 29, 2024, issued by Donaldson Company, Inc. 104 Cover page interactive data file (formatted as inline XBRL)
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. DONALDSON COMPANY, INC. Date: October 29, 2024 By: /s/ Amy C. Becker Amy C. Becker Chief Legal Officer and Corporate Secretary