Franklin Electric Executive Chairperson Gregg Sengstack retires, enters consulting agreement; annual meeting votes pass

FRANKLIN ELECTRIC CO INC

Gregg C. Sengstack retired as Executive Chairperson effective April 23, 2025; will remain on Board of Directors.
Received $18,269.23 lump sum payment, plus restricted stock award valued at $750,000 vesting monthly through May 2027.
Two-year consulting agreement with annual fee of $250,000; includes non-competition and non-solicitation covenants.
At May 2 annual meeting, shareholders elected all three director nominees (Peterson, Sherman, Villavarayan) and ratified Deloitte & Touche as auditor.
Advisory vote on executive compensation passed with 37.8M for vs 2.5M against.

item 5.02 item 5.07

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Departed

Gregg C. Sengstack

Executive Chairperson

FELE · FRANKLIN ELECTRIC CO INC

Effective: 2025-04-23
Filed: May 5, 2025, 7:59 PM ET

Effective as of April 23, 2025 (the “Effective Date”), Gregg C. Sengstack retired as Executive Chairperson of Franklin Electric Co., Inc. (the “Company”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Gregg C. Sengstack retired as Executive Chairperson at FRANKLIN ELECTRIC CO INC.

Action: retired
Role: Executive Chairperson

Exact text from the filing

Effective as of April 23, 2025 (the “Effective Date”), Gregg C. Sengstack retired as Executive Chairperson of Franklin Electric Co., Inc. (the “Company”).

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Source: SEC EDGAR

accession 0000038725-25-000088

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