---
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"
generated_at: "2026-06-01T09:56:36.114336+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Franklin Electric files 8-K/A correcting CEO-designate Ruzynski's prior employer; details compensation package

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000038725-24-000119
- JSON: https://secwatch.observer/filing/0000038725-24-000119.json
- Plain text: https://secwatch.observer/filing/0000038725-24-000119.txt

## Key facts
- Executive change
  Joseph Ruzynski was appointed as Chief Executive Officer at FRANKLIN ELECTRIC CO INC.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: The Board announced that it will appoint Joseph Ruzynski as Chief Executive Officer, effective July 1, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/38725/000003872524000119/0000038725-24-000119-index.htm
- Executive change
  Gregg C. Sengstack retired as Executive Chairperson at FRANKLIN ELECTRIC CO INC.
  - Action: retired
  - Role: Executive Chairperson
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/38725/000003872524000119/0000038725-24-000119-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.