---
schema_version: "secwatch.filing_event.v1"
accession: "0000088205-22-000046"
form_type: "8-K"
ticker: "SPXC"
cik: "0000088205"
company_name: "SPX Technologies, Inc."
filed_at: "2022-12-07T23:59:59+00:00"
generated_at: "2026-06-21T08:28:59.367723+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000088205-22-000046
- form_type: 8-K
- ticker: SPXC
- cik: 0000088205
- company_name: SPX Technologies, Inc.
- filed_at: 2022-12-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/88205/000008820522000046/0000088205-22-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/88205/000008820522000046/spxc-20221207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000088205-22-000046
- JSON: https://secwatch.observer/filing/0000088205-22-000046.json
- Plain text: https://secwatch.observer/filing/0000088205-22-000046.txt

## Key facts
- Executive change
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/88205/000008820522000046/0000088205-22-000046-index.htm
- Executive change
  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
  source text: On the Transition Date, Mr. Reilly will continue to serve as the Company’s Vice President, Finance and Chief Accounting Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/88205/000008820522000046/0000088205-22-000046-index.htm

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