Masco Appoints New CFO, Details Compensation

TL;DR

Masco names new CFO, Douglas Mattscheck, starting March 10th with $575K salary + stock.

AI Summary

On February 26, 2025, Masco Corporation announced the appointment of Douglas G. Mattscheck as Senior Vice President and Chief Financial Officer, effective March 10, 2025. He will receive an annual base salary of $575,000 and a target annual bonus of 100% of his base salary. Mattscheck will also be granted restricted stock units valued at $1,500,000, vesting over three years.

Why It Matters

The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence. The disclosed compensation provides insight into the company's valuation of key executive talent.

Risk Assessment

Risk Level: low — This filing is a routine executive appointment and compensation disclosure, with no immediate financial distress or significant strategic shifts indicated.

Key Numbers

• $575,000 — CFO Annual Base Salary (Starting salary for Douglas G. Mattscheck)
• $1,500,000 — CFO Stock Grant Value (Restricted stock units awarded to Douglas G. Mattscheck)

Key Players & Entities

• Masco Corporation (company) — Registrant
• Douglas G. Mattscheck (person) — Appointed Senior Vice President and Chief Financial Officer
• $575,000 (dollar_amount) — Annual base salary for new CFO
• 100% (dollar_amount) — Target annual bonus percentage for new CFO
• $1,500,000 (dollar_amount) — Value of restricted stock units granted to new CFO
• March 10, 2025 (date) — Effective date of CFO appointment
• February 26, 2025 (date) — Date of report

FAQ

From the Filing

0001213900-25-018040.txt : 20250227 0001213900-25-018040.hdr.sgml : 20250227 20250227161637 ACCESSION NUMBER: 0001213900-25-018040 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250226 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250227 DATE AS OF CHANGE: 20250227 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MASCO CORP /DE/ CENTRAL INDEX KEY: 0000062996 STANDARD INDUSTRIAL CLASSIFICATION: HEATING EQUIP, EXCEPT ELEC & WARM AIR & PLUMBING FIXTURES [3430] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 381794485 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05794 FILM NUMBER: 25679046 BUSINESS ADDRESS: STREET 1: 17450 COLLEGE PARKWAY CITY: LIVONIA STATE: MI ZIP: 48152 BUSINESS PHONE: 3132747400 MAIL ADDRESS: STREET 1: 17450 COLLEGE PARKWAY CITY: LIVONIA STATE: MI ZIP: 48152 FORMER COMPANY: FORMER CONFORMED NAME: MASCO SCREW PRODUCTS CO DATE OF NAME CHANGE: 19731025 8-K 1 ea0232258-8k_masco.htm CURRENT REPORT false 0000062996 0000062996 2025-02-26 2025-02-26 iso4217:USD xbrli:shares iso4217:USD xbrli:shares     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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 26, 2025   Masco Corporation (Exact name of Registrant as Specified in Charter)   Delaware   1-5794   38-1794485 (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)   17450 College Parkway , Livonia , Michigan   48152 (Address of Principal Executive Offices)   (Zip Code)   ( 313 ) 274-7400 (Registrant’s telephone number, including area code)   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   Name of each exchange on which registered Common Stock, $1.00 par value   MAS   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).   ☐ 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 26, 2025, the Board of Directors of Masco Corporation (the “Company”) elected Heath M. Eisman, 50, as the Company’s Vice President, Controller and Chief Accounting Officer, effective February 27, 2025. Mr. Eisman previously served as the Company’s Director, Financial Reporting since 2014. Prior to joining the Company, Mr. Eisman was SEC Reporti