PACCAR Inc. Announces Executive and Board Changes

TL;DR

PACCAR shakes up finance leadership and board; new CFO Preston Norman takes the helm.

AI Summary

PACCAR Inc. announced on April 28, 2025, changes in its executive team and board of directors. Key appointments include Preston Norman as Chief Financial Officer and Michael J. Doenges as Senior Vice President, Finance. The company also reported on matters submitted to a vote of security holders.

Why It Matters

These executive and board changes could signal shifts in the company's financial strategy or operational focus, impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Changes in key executive positions and board composition can introduce uncertainty regarding future strategic direction and financial management.

Key Players & Entities

• PACCAR Inc (company) — Registrant
• Preston Norman (person) — Appointed Chief Financial Officer
• Michael J. Doenges (person) — Appointed Senior Vice President, Finance
• April 28, 2025 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• 001-14817 (company_id) — Commission File Number
• 91-0351110 (ein) — IRS Employer Identification No.
• 777 106th Avenue NE, Bellevue, WA 98004 (address) — Principal executive offices
• 425-468-74 (phone_number) — Registrant's telephone number

FAQ

From the Filing

0001193125-25-111679.txt : 20250502 0001193125-25-111679.hdr.sgml : 20250502 20250502164604 ACCESSION NUMBER: 0001193125-25-111679 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250428 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Submission of Matters to a Vote of Security Holders FILED AS OF DATE: 20250502 DATE AS OF CHANGE: 20250502 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: 25909440 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 d773272d8k.htm 8-K 8-K false 0000075362 0000075362 2025-04-28 2025-04-28     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 28, 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 Item 502(f). On April 28, 2025, the Compensation Committee of the Board of Directors approved the Long Term Performance Cash Awards (the “LTIP Cash Awards”) for the 2022-2024 cycle under the Long Term Incentive Plan for the Named Executive Officers identified in the Company’s March 19, 2025 proxy statement (the “Proxy Statement”). The total compensatio