Oshkosh Corp Announces Executive and Director Changes
Ticker: OSK · Form: 8-K · Filed: Dec 2, 2024 · CIK: 775158
Sentiment: neutral
Topics: executive-changes, board-changes, governance
TL;DR
Oshkosh Corp shakes up leadership, new execs and directors in.
AI Summary
Oshkosh Corporation announced on December 2, 2024, changes in its executive team. The filing details the departure of certain officers and the election of new directors, alongside updates to compensatory arrangements for key executives. Specific names and dollar amounts related to these changes were not detailed in the provided excerpt.
Why It Matters
Changes in executive leadership and board composition can signal shifts in company strategy or governance, potentially impacting future performance and investor confidence.
Risk Assessment
Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and operational stability.
Key Players & Entities
- Oshkosh Corporation (company) — Registrant
- Wisconsin (location) — State of incorporation
- December 2, 2024 (date) — Date of earliest event reported
FAQ
What specific roles have been affected by the executive departures?
The filing indicates the departure of certain officers but does not specify the exact roles in the provided excerpt.
Who are the newly elected directors?
The filing mentions the election of directors but does not list their names in the provided excerpt.
Are there any changes to the compensation structure for the remaining or new officers?
The filing notes updates to compensatory arrangements for certain officers, but details are not provided in the excerpt.
What is the effective date of these reported changes?
The earliest event reported is dated December 2, 2024.
What is Oshkosh Corporation's primary business?
Oshkosh Corporation is primarily involved in the manufacturing of Motor Vehicles & Passenger Car Bodies, as indicated by its SIC code.
Filing Stats: 750 words · 3 min read · ~3 pages · Grade level 14.7 · Accepted 2024-12-02 16:49:34
Key Financial Figures
- $0.01 — nge on which registered Common Stock ($0.01 par value) OSK New York Stock Excha
- $500,000 — ed a sign-on cash bonus to Mr. Field of $500,000 intended to offset a portion of his unv
- $4,500,000 — er 16, 2024, with a grant date value of $4,500,000 that will vest on a pro rata basis over
Filing Documents
- tm2429921d1_8k.htm (8-K) — 30KB
- 0001104659-24-124634.txt ( ) — 198KB
- osk-20241202.xsd (EX-101.SCH) — 3KB
- osk-20241202_lab.xml (EX-101.LAB) — 33KB
- osk-20241202_pre.xml (EX-101.PRE) — 22KB
- tm2429921d1_8k_htm.xml (XML) — 3KB
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 December 2, 2024, Oshkosh Corporation (the "Company") announced that Matthew Field has been appointed as the Company's Chief Financial Officer, effective December 16, 2024, succeeding Michael Pack, who was appointed the President of the Company's Vocational segment and has continued to serve as the Company's Chief Financial Officer until a successor Chief Financial Officer was named. Mr. Field, who is 52, is currently serving as the Chief Financial Officer and Treasurer of Joby Aviation, Inc., a manufacturer of electric vertical takeoff and landing aircraft, a position that he has held since March 2021. Prior to joining Joby Aviation, Mr. Field worked at Ford Motor Company, an automobile manufacturer, for over 20 years. Most recently he served as Chief Financial Officer, North America from October 2018 through March 2021, Corporate General Auditor from January 2018 through October 2018, and Chief Financial Officer—Lincoln Motor Company from November 2014 through December 2017. In connection with Mr. Field's appointment as the Company's Chief Financial Officer, Mr. Field is expected to receive compensation, including an annual base salary, participation in the Company's annual cash incentive plan and annual equity awards under the Company's 2024 Incentive Stock and Awards Plan, and be eligible to participate in the benefit plans and arrangements made available generally to the Company's executive officers, including entering into a two-year Key Executive Employment and Severance Agreement with a cash severance benefit of two times base salary and bonus and participation in the Company's Executive Severance Policy, all in a manner consistent with the compensation that the Company provides to its executive officers. Such compensation and benefit plans and arrangements are described in the Company's Definitiv
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: December 2, 2024 By: /s/ Ignacio A. Cortina Ignacio A. Cortina Executive Vice President, Chief Legal and Administrative Officer and Secretary