---
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"
generated_at: "2026-05-22T19:41:21.294954+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 5.07
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000038725-25-000088
- JSON: https://secwatch.observer/filing/0000038725-25-000088.json
- Plain text: https://secwatch.observer/filing/0000038725-25-000088.txt

## Key facts
- Executive change
  Gregg C. Sengstack retired as Executive Chairperson at FRANKLIN ELECTRIC CO INC.
  - Action: retired
  - Role: Executive Chairperson
  source text: Effective as of April 23, 2025 (the “Effective Date”), Gregg C. Sengstack retired as Executive Chairperson of Franklin Electric Co., Inc. (the “Company”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/38725/000003872525000088/0000038725-25-000088-index.htm

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