{"schema_version":"secwatch.filing_event.v1","accession":"0000038725-25-000088","form_type":"8-K","ticker":"FELE","cik":"0000038725","company_name":"FRANKLIN ELECTRIC CO INC","filed_at":"2025-05-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.967754+00:00","generated_at":"2026-05-22T19:41:21.294954+00:00","sec_items":["5.02","5.07"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Franklin Electric Executive Chairperson Gregg Sengstack retires, enters consulting agreement; annual meeting votes pass","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000038725-25-000088","json":"https://secwatch.observer/filing/0000038725-25-000088.json","markdown":"https://secwatch.observer/filing/0000038725-25-000088.md","text":"https://secwatch.observer/filing/0000038725-25-000088.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/38725/000003872525000088/0000038725-25-000088-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/38725/000003872525000088/fele-20250502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T19:41:21.294954+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":"2975e2917d","claim":"Gregg C. Sengstack retired as Executive Chairperson at FRANKLIN ELECTRIC CO INC.","evidence_excerpt":"Effective as of April 23, 2025 (the “Effective Date”), Gregg C. Sengstack retired as Executive Chairperson of Franklin Electric Co., Inc. (the “Company”).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/38725/000003872525000088/0000038725-25-000088-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"}