SPX Technologies appoints Mark Carano as CFO and Treasurer effective Jan 3, 2023

SPX Technologies, Inc.

Mark Carano, previously SVP CFO of Insteel Industries, joins SPX as VP CFO & Treasurer.
Interim CFO Michael Reilly will return to VP Finance and Chief Accounting Officer on Jan 3.
Carano receives $500K base salary, 70% target bonus, $700K annual equity, $100K sign-on bonus, and $250K RSU.
Carano has 14 years investment banking experience and senior roles at Babcock & Wilcox and Big River Steel.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Mark A. Carano

Vice President, Chief Financial Officer and Treasurer

SPXC · SPX Technologies, Inc.

Effective: 2023-01-03
Filed: December 7, 2022, 6:59 PM ET

the Board of Directors of the Company has appointed Mark A. Carano as Vice President, Chief Financial Officer and Treasurer of the Company, to be effective upon the commencement of his employment with the Company on January 3, 2023

Role change

Michael A. Reilly

Vice President, Finance and Chief Accounting Officer

SPXC · SPX Technologies, Inc.

Effective: 2023-01-03
Successor: Mark A. Carano
Filed: December 7, 2022, 6:59 PM ET

On the Transition Date, Mr. Reilly will continue to serve as the Company’s Vice President, Finance and Chief Accounting Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark A. Carano was appointed as Vice President, Chief Financial Officer and Treasurer at SPX Technologies, Inc..

Action: appointed
Role: Vice President, Chief Financial Officer and Treasurer

Exact text from the filing

the Board of Directors of the Company has appointed Mark A. Carano as Vice President, Chief Financial Officer and Treasurer of the Company, to be effective upon the commencement of his employment with the Company on January 3, 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael A. Reilly changed role as Vice President, Finance and Chief Accounting Officer at SPX Technologies, Inc..

Action: cease serving as Interim CFO and continue as VP Finance and CAO
Role: Vice President, Finance and Chief Accounting Officer

Exact text from the filing

On the Transition Date, Mr. Reilly will continue to serve as the Company’s Vice President, Finance and Chief Accounting Officer.

View on SEC.gov

SPX Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0000088205-22-000046

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.