Terex Corp Reports Executive and Director Changes
Ticker: TEX · Form: 8-K · Filed: Nov 21, 2024 · CIK: 97216
Sentiment: neutral
Topics: management-change, board-composition, executive-compensation
Related Tickers: TER
TL;DR
Terex shakes up leadership and board; expect strategic shifts.
AI Summary
Terex Corporation announced on November 18, 2024, changes in its executive and director roles. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for key executives. Specific names and financial details related to these changes are not provided in this summary section of the filing.
Why It Matters
Changes in executive and director positions can signal shifts in company strategy, governance, or operational focus, potentially impacting future performance and shareholder value.
Risk Assessment
Risk Level: medium — Executive and director changes can introduce uncertainty regarding future strategy and leadership stability.
Key Numbers
- 1-10702 — SEC File Number (Identifies the specific SEC filing for Terex Corporation.)
- 20241118 — Report Date (The earliest event reported in this 8-K filing.)
Key Players & Entities
- TEREX CORP (company) — Registrant
- Delaware (jurisdiction) — State of Incorporation
- 341531521 (company) — IRS Employer Identification No.
- 301 Merritt 7, 4th Floor Norwalk (location) — Business Address
FAQ
What specific roles have been affected by the departures and appointments?
The filing indicates departures of certain officers and directors, election of new directors, and changes to compensatory arrangements for certain officers, but does not specify the exact roles in this section.
When did these changes take effect?
The date of the earliest event reported is November 18, 2024.
Are there any details on the new directors or officers?
This filing announces the election of directors and appointment of officers but does not provide biographical details or specific names in the initial summary.
What is the nature of the compensatory arrangements being updated?
The filing mentions updates to compensatory arrangements for certain officers, but the specifics of these arrangements are not detailed in the provided text.
What is the SEC file number for Terex Corporation?
The SEC file number for Terex Corporation is 1-10702.
Filing Stats: 920 words · 4 min read · ~3 pages · Grade level 11.6 · Accepted 2024-11-21 16:00:03
Key Financial Figures
- $0.01 — ange on which registered Common Stock ($0.01 par value) TEX New York Stock Exchange
- $3 billion — g as Vice President, CFO of Honeywell's $3 billion Intelligrated division in warehouse aut
- $650,000 — -Picarello's annual base salary will be $650,000, which will be reviewed annually by Ter
- $500,000 — llo will receive (i) a sign on bonus of $500,000 and (ii) an initial sign-on grant of sh
- $1,150,000 — Terex common stock worth approximately $1,150,000, which will vest ratably over a three y
- $1,400,000 — g-term incentive award in the amount of $1,400,000, which will be both time and performanc
Filing Documents
- tex-20241118.htm (8-K) — 31KB
- a8k11182024exh99_1beck.htm (EX-99.1) — 6KB
- image_0.jpg (GRAPHIC) — 2KB
- 0000097216-24-000162.txt ( ) — 164KB
- tex-20241118.xsd (EX-101.SCH) — 2KB
- tex-20241118_lab.xml (EX-101.LAB) — 21KB
- tex-20241118_pre.xml (EX-101.PRE) — 12KB
- tex-20241118_htm.xml (XML) — 3KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits 99.1 Press Release of Terex Corporation issued on November 21, 2024. 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. Date: November 21, 2024 TEREX CORPORATION By: /s/Scott J. Posner Scott J. Posner Senior Vice President General Counsel and Secretary - 3 -