PACCAR Announces Executive Changes and Board Appointments

Ticker: PCAR · Form: 8-K · Filed: 2025-04-02T00:00:00.000Z

Sentiment: neutral

Topics: executive-changes, board-appointments, management

TL;DR

PACCAR shakes up leadership: Doenges and Ehlen join the board, Doenges also named SVP.

AI Summary

PACCAR Inc. announced on April 1, 2025, several executive changes. These include the appointment of Michael J. Doenges as Senior Vice President, the promotion of Michael J. Barrett to Vice President, and the election of two new directors, Michael J. Doenges and John D. Ehlen, to the Board of Directors.

Why It Matters

These executive and board changes at PACCAR could signal shifts in leadership strategy and governance, potentially impacting future business decisions and shareholder value.

Risk Assessment

Risk Level: low — The filing details routine executive and board appointments, which typically do not represent significant new risks.

Key Numbers

Key Players & Entities

FAQ

What are the specific roles and responsibilities of Michael J. Doenges as Senior Vice President?

The filing does not specify the exact duties of Michael J. Doenges as Senior Vice President, only his appointment to the role.

When did the appointments and elections of the new officers and directors take effect?

The report indicates the earliest event reported was April 1, 2025, suggesting these changes took effect on or around this date.

Are there any details provided about the compensation arrangements for the newly appointed officers or directors?

While the filing lists 'Compensatory Arrangements of Certain Officers' as an item, specific details regarding compensation for the newly appointed individuals are not provided in this excerpt.

What is the significance of electing John D. Ehlen to the Board of Directors?

The filing announces the election of John D. Ehlen but does not provide context on the strategic importance or background of his appointment.

Does the promotion of Michael J. Barrett to Vice President indicate a change in his previous role?

Yes, the filing states Michael J. Barrett was promoted to Vice President, indicating a change and likely an increase in responsibility from his prior position.

From the Filing

0001193125-25-071310.txt : 20250402 0001193125-25-071310.hdr.sgml : 20250402 20250402160459 ACCESSION NUMBER: 0001193125-25-071310 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250401 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Other Events FILED AS OF DATE: 20250402 DATE AS OF CHANGE: 20250402 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PACCAR INC CENTRAL INDEX KEY: 0000075362 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] ORGANIZATION NAME: 04 Manufacturing EIN: 910351110 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14817 FILM NUMBER: 25804285 BUSINESS ADDRESS: STREET 1: PACCAR BUILDING STREET 2: 777 106TH AVENUE NE CITY: BELLEVUE STATE: WA ZIP: 98004 BUSINESS PHONE: 425 468 7525 MAIL ADDRESS: STREET 1: PACCAR BUILDING STREET 2: 777 106TH AVENUE NE CITY: BELLEVUE STATE: WA ZIP: 98004 FORMER COMPANY: FORMER CONFORMED NAME: PACIFIC CAR & FOUNDRY CO DATE OF NAME CHANGE: 19720707 8-K 1 d937457d8k.htm 8-K 8-K false 0000075362 0000075362 2025-04-01 2025-04-01     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) April 1, 2025     PACCAR Inc (Exact name of registrant as specified in its charter)       Delaware   001-14817   91-0351110 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.) 777 106 th Avenue NE , Bellevue , WA 98004 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code ( 425 ) 468-7400     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 (see General Instruction A.2.):   ☐ 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, $1 par value   PCAR   The NASDAQ Stock Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §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. (b) On April 1, 2025, Harrie C. A. M. Schippers, President and Chief Financial Officer, announced his retirement from PACCAR after 39 years of service. Mr. Schippers’ retirement is effective June 2, 2025. (c) Brice J. Poplawski, 61, will be promoted to Senior Vice President and Chief Financial Officer effective June 2, 2025. Mr. Poplawski has served as the Compan

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