secwatch.observer — SEC 8-K summary
======================================

Issuer:     TEREX CORP (TEX)
CIK:        0000097216
Form:       8-K
Filed at:   2023-10-17T23:59:59+00:00
Accession:  0000097216-23-000193
Event type: leadership
Sentiment:  positive
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Terex CEO John Garrison to retire Jan 1, 2024; Simon Meester named successor; FY2023 EPS guidance raised to ~$7.05
--------------------------------------------------------------------------------

- John L. Garrison Jr. retiring as Chairman, CEO and board member effective Jan 1, 2024; will serve as consultant through June 30, 2024.
- Simon Meester, current President Aerial Work Platforms, appointed President and CEO effective Jan 1, 2024; also joins board.
- Joshua Gross promoted to President Genie; David Sachs becomes Non-Executive Chairman.
- FY2023 EPS guidance raised to approximately $7.05; detailed outlook to be provided with Q3 results on Oct 26.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/97216/000009721623000193/0000097216-23-000193-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/97216/000009721623000193/tex-20231012.htm
  HTML page:      https://secwatch.observer/filing/0000097216-23-000193

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