Thermon Group Holdings Announces Executive and Director Changes
Ticker: THR · Form: 8-K · Filed: 2025-02-20T00:00:00.000Z
Sentiment: neutral
Topics: executive-changes, board-changes, compensation
TL;DR
Thermon Group Holdings is shuffling execs and board members, with new comp plans in play.
AI Summary
Thermon Group Holdings, Inc. announced on February 17, 2025, changes in its board of directors and executive compensation arrangements. Specifically, the company reported the departure of certain officers and the election of new directors, alongside updates to compensatory arrangements for key executives.
Why It Matters
Changes in leadership and executive compensation can signal shifts in company strategy or financial health, impacting investor confidence and stock performance.
Risk Assessment
Risk Level: medium — Changes in executive and director positions can indicate internal shifts that may affect future performance or strategy.
Key Players & Entities
- Thermon Group Holdings, Inc. (company) — Registrant
- February 17, 2025 (date) — Date of earliest event reported
FAQ
What specific roles have been affected by the departure of certain officers?
The filing indicates the departure of certain officers but does not specify the exact roles in this summary.
Who are the newly elected directors?
The filing mentions the election of directors but does not list their names in this summary.
What are the details of the compensatory arrangements for certain officers?
The filing notes updates to compensatory arrangements for certain officers but does not provide specific details in this summary.
What is the effective date of these reported changes?
The earliest event reported is dated February 17, 2025.
Is this filing related to financial performance?
While the filing mentions 'Financial Statements and Exhibits' as an item, the primary focus of the reported event is on changes in directors, officers, and compensatory arrangements.
From the Filing
0001489096-25-000028.txt : 20250220 0001489096-25-000028.hdr.sgml : 20250220 20250220062942 ACCESSION NUMBER: 0001489096-25-000028 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250217 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250220 DATE AS OF CHANGE: 20250220 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: 25643178 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-20250217.htm 8-K thr-20250217 0001489096 false 0001489096 2025-02-17 2025-02-17 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): February 17, 2025 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 February 17, 2025, Mark Roberts, Senior Vice President, Thermon Heating Systems and Engineering and a current named executive officer of Thermon Group Holdings, Inc. (the " Company "), notified the Company of his decision to retire from his role, effective June 30, 2025 (the “ Transition Date ”) . In order to ensure an orderly transition of his responsibilities, the Company and Mr. Roberts entered into a Transition and Consulting Agreement and General Release on February 18, 2025 (the " Consul