Toro Co. Announces Executive and Director Changes
Ticker: TTC · Form: 8-K · Filed: 2025-08-13T00:00:00.000Z
Sentiment: neutral
Topics: executive-changes, director-changes, compensation
Related Tickers: TTC
TL;DR
Toro Co. shakes up leadership and compensation - new director elected, old one out.
AI Summary
The Toro Company announced on August 12, 2025, changes in its executive and director roles. The filing details the departure of a director, the election of a new director, and adjustments to officer compensation arrangements.
Why It Matters
Changes in leadership and compensation can signal shifts in company strategy or performance, impacting investor confidence and future operational direction.
Risk Assessment
Risk Level: low — The filing reports routine changes in corporate governance and compensation, which typically do not pose significant immediate risks.
Key Players & Entities
- TORO CO (company) — Registrant
- August 12, 2025 (date) — Date of earliest event reported
- 8111 Lyndale Avenue South Bloomington, Minnesota 55420 (address) — Principal executive offices
FAQ
What specific roles have been affected by the changes reported in this 8-K filing?
The filing indicates changes related to the departure of a director, the election of a new director, and adjustments to the compensatory arrangements of certain officers.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on August 12, 2025.
What is the principal executive office address for The Toro Company?
The principal executive office address is 8111 Lyndale Avenue South, Bloomington, Minnesota 55420.
What is the Commission File Number for The Toro Company?
The Commission File Number for The Toro Company is 1-8649.
What is the IRS Employer Identification Number for The Toro Company?
The IRS Employer Identification Number for The Toro Company is 41-0580470.
Filing Stats: 1,024 words · 4 min read · ~3 pages · Grade level 10.4 · Accepted 2025-08-12 18:20:10
Key Financial Figures
- $1.00 — ich registered Common Stock, par value $1.00 per share TTC New York Stock Exchange
- $700,000 — any set Mr. Funk's base compensation to $700,000. In addition, in light of Mr. Funk's ne
- $1,500,000 — ("RSUs") with a value of approximately $1,500,000 to be granted under and subject to the
Filing Documents
- ttc-20250812.htm (8-K) — 32KB
- funkofferletter.htm (EX-10) — 8KB
- pressrelease.htm (EX-99) — 9KB
- image.jpg (GRAPHIC) — 12KB
- 0000737758-25-000079.txt ( ) — 241KB
- ttc-20250812.xsd (EX-101.SCH) — 2KB
- ttc-20250812_lab.xml (EX-101.LAB) — 19KB
- ttc-20250812_pre.xml (EX-101.PRE) — 11KB
- ttc-20250812_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. Attached to this Current Report on Form 8-K as Exhibit 99.1 is a copy of the press release issued by the Company in connection with the announcement of the appointment of Mr. Funk as President and Chief Operating Officer of the Company. The information contained in this Item 7.01 and Exhibit 99.1 to this Current Report on Form 8-K shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any filings made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 10.1 Offer Letter dated August 7, 2025 between The Toro Company and Edric C. Funk. 99.1 Press Release dated August 12, 2025. 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. THE TORO COMPANY (Registrant) Date: August 12, 2025 /s/ Joanna M. Totsky Joanna M. Totsky Vice President, General Counsel and Corporate Secretary