secwatch.observer — SEC 8-K summary
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Issuer:     Parker-Hannifin Corp (PH)
CIK:        0000076334
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0000076334-23-000057
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lee C. Banks and Roger S. Sherrard to retire Dec 31; Andrew D. Ross elected President
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- Lee C. Banks, Vice Chairman and President, to retire Dec 31, 2023; will continue until then.
- Andrew D. Ross, age 56, current COO, elected President effective Jan 1, 2024; base salary $950,000.
- Roger S. Sherrard, VP & President - Aerospace Group, also retiring Dec 31, 2023.
- Shareholders approved 2023 Omnibus Stock Incentive Plan authorizing 11.3M common shares.
- Shareholders approved Amended Global Employee Stock Purchase Plan extending term to Oct 24, 2033.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/76334/000007633423000057/0000076334-23-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/76334/000007633423000057/ph-20231025.htm
  HTML page:      https://secwatch.observer/filing/0000076334-23-000057

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer