{"schema_version":"secwatch.filing_event.v1","accession":"0000038725-24-000119","form_type":"8-K/A","ticker":"FELE","cik":"0000038725","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2024-05-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.603458+00:00","generated_at":"2026-06-01T09:56:36.114336+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Franklin Electric files 8-K/A correcting CEO-designate Ruzynski's prior employer; details compensation package","bullets":["Amendment corrects Ruzynski's employment: he was President, Enclosures Segment at nVent Electric, not Pentair as initially reported.","Joseph Ruzynski appointed CEO effective July 1, 2024; Gregg Sengstack retires as CEO but remains Executive Chairperson.","Ruzynski receives $900k base salary, 100% target bonus, $250k signing bonus, and $5.25M equity grant (50% PSUs, 25% RSUs, 25% options).","Relocation assistance provided; no material interest in any transaction or arrangement."],"urls":{"canonical":"https://secwatch.observer/filing/0000038725-24-000119","json":"https://secwatch.observer/filing/0000038725-24-000119.json","markdown":"https://secwatch.observer/filing/0000038725-24-000119.md","text":"https://secwatch.observer/filing/0000038725-24-000119.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/38725/000003872524000119/0000038725-24-000119-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/38725/000003872524000119/fele-20240514.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T09:56:36.114336+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":"0560bdb71a","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/38725/000003872524000119/0000038725-24-000119-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"965ed44723","claim":"Gregg C. Sengstack retired as Executive Chairperson at FRANKLIN ELECTRIC CO INC.","evidence_excerpt":"Gregg C. Sengstack, Chief Executive Officer of Franklin Electric Co., Inc. (the “Company”) and Chairperson of the Company’s Board of Directors (the “Board”) notified the Board of his intention to retire from his position as Chief Executive Officer upon the appointment of his successor .","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872524000119/0000038725-24-000119-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"retired"},{"label":"Role","value":"Executive Chairperson"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}