{"schema_version":"secwatch.filing_event.v1","accession":"0000049826-23-000046","form_type":"8-K","ticker":"ITW","cik":"0000049826","company_name":"ILLINOIS TOOL WORKS INC","filed_at":"2023-09-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.373682+00:00","generated_at":"2026-06-10T23:04:31.577500+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"ITW names Christopher O'Herlihy as CEO effective Jan 1, 2024; Santi becomes Non-Executive Chairman","bullets":["Christopher A. O'Herlihy, current Vice Chairman, named President and CEO and elected to Board, effective Jan 1, 2024.","E. Scott Santi steps down as CEO on Jan 1, 2024; remains Chairman until Mar 1, 2024, then Non-Executive Chairman.","O'Herlihy receives $1.3M base salary and annual incentive target of 150% of year-end base salary.","Santi gets non-employee director comp plus additional $250K annual stock grant as Non-Executive Chairman.","Transition follows multi-year succession planning; O'Herlihy is eighth CEO in ITW's 112-year history."],"urls":{"canonical":"https://secwatch.observer/filing/0000049826-23-000046","json":"https://secwatch.observer/filing/0000049826-23-000046.json","markdown":"https://secwatch.observer/filing/0000049826-23-000046.md","text":"https://secwatch.observer/filing/0000049826-23-000046.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/49826/000004982623000046/0000049826-23-000046-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/49826/000004982623000046/itw-20230906.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T23:04:31.577500+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":"08334789f3","claim":"E. Scott Santi was appointed as Non-Executive Chairman of the Board at ILLINOIS TOOL WORKS INC.","evidence_excerpt":"The Board of Directors appointed Mr. Santi as Non-Executive Chairman of the Board, effective March 1, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/49826/000004982623000046/0000049826-23-000046-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Non-Executive Chairman of the Board"}],"fact_type":"executive_change"},{"claim_id":"56a50216a8","claim":"E. Scott Santi departed as Chief Executive Officer at ILLINOIS TOOL WORKS INC.","evidence_excerpt":"E. Scott Santi informed the Board of Directors of Illinois Tool Works Inc. (the “Company”) that he will step down as Chief Executive Officer, effective January 1, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/49826/000004982623000046/0000049826-23-000046-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"stepped down"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"f1284276f4","claim":"Christopher A. O'Herlihy was elected as President and Chief Executive Officer at ILLINOIS TOOL WORKS INC.","evidence_excerpt":"the Company’s Board of Directors elected Christopher A. O’Herlihy, age 59, as President and Chief Executive Officer and as a member of the Company’s Board of Directors, effective January 1, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/49826/000004982623000046/0000049826-23-000046-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}