Donaldson SVP Jeffrey Spethmann resigns; receives $465,000 separation payment

DONALDSON Co INC

Jeffrey E. Spethmann resigned as SVP, Industrial Products, effective Oct 7, 2022; will remain employee until Nov 1, 2022 for transition.
Spethmann agreed to two-year non-solicitation of employees and customary release of claims.
Company to pay lump sum of $465,000 and outplacement assistance up to $15,000.
Departure part of organizational redesign; no successor named.

item 5.02

Executive movements

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Departed

Jeffrey E. Spethmann

Senior Vice President, Industrial Products

DCI · DONALDSON Co INC

Effective: 2022-10-07
Filed: October 4, 2022, 7:59 PM ET

In connection with those changes, on October 3, 2022, Jeffrey E. Spethmann resigned as Senior Vice President, Industrial Products of Donaldson Company, Inc. (the “Company”), effective as of the close of business on October 7, 2022, and he will remain an employee until November 1, 2022 to assist with the transition of his responsibilities.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Jeffrey E. Spethmann resigned as Senior Vice President, Industrial Products at DONALDSON Co INC.

Action: resigned
Role: Senior Vice President, Industrial Products

Exact text from the filing

In connection with those changes, on October 3, 2022, Jeffrey E. Spethmann resigned as Senior Vice President, Industrial Products of Donaldson Company, Inc. (the “Company”), effective as of the close of business on October 7, 2022, and he will remain an employee until November 1, 2022 to assist with the transition of his responsibilities.

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Source: SEC EDGAR

accession 0000029644-22-000111

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