{"schema_version":"secwatch.filing_event.v1","accession":"0000038725-24-000101","form_type":"8-K","ticker":"FELE","cik":"0000038725","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2024-05-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.604411+00:00","generated_at":"2026-06-02T01:26:28.755216+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Franklin Electric appoints Joe Ruzynski as CEO effective July 1; Sengstack becomes Executive Chairperson","bullets":["Gregg Sengstack retires as CEO after leading since 2014; remains Executive Chairperson.","Joe Ruzynski appointed CEO effective July 1, 2024; joins from nVent Electric (President, Enclosures Segment).","Ruzynski receives $900k base salary, 100% target bonus, $250k signing bonus, $5.25M equity grant.","Ruzynski brings 25+ years in industrial/electrical sectors; prior roles at Pentair and nVent."],"urls":{"canonical":"https://secwatch.observer/filing/0000038725-24-000101","json":"https://secwatch.observer/filing/0000038725-24-000101.json","markdown":"https://secwatch.observer/filing/0000038725-24-000101.md","text":"https://secwatch.observer/filing/0000038725-24-000101.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/38725/000003872524000101/0000038725-24-000101-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/38725/000003872524000101/fele-20240514.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T01:26:28.755216+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d1e75ed445","claim":"Gregg C. Sengstack changed role as Executive Chairperson at FRANKLIN ELECTRIC CO INC.","evidence_excerpt":"notified the Board of his intention to retire from his position as Chief Executive Officer","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872524000101/0000038725-24-000101-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retire"},{"label":"Role","value":"Executive Chairperson"}],"fact_type":"executive_change"},{"claim_id":"e51bce9e87","claim":"Joseph Ruzynski was appointed as Chief Executive Officer at FRANKLIN ELECTRIC CO INC.","evidence_excerpt":"The Board announced that it will appoint Joseph Ruzynski as Chief Executive Officer, effective July 1, 2024","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872524000101/0000038725-24-000101-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}