---
schema_version: "secwatch.filing_event.v1"
accession: "0000097216-23-000223"
form_type: "8-K"
ticker: "TEX"
cik: "0000097216"
company_name: "TEREX CORP"
filed_at: "2023-12-18T23:59:59+00:00"
generated_at: "2026-06-07T11:36:40.210265+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Terex signs consulting agreement with retiring CEO Garrison for $540K over 6 months

## Summary
- John L. Garrison Jr. retires as CEO Jan 1, 2024; consulting runs through June 30, 2024.
- Consulting fee of $90K/month for 6 months, total $540K, paid monthly in arrears.
- Services include business development, customer relationships, executive transition.
- Agreement includes confidentiality, non-compete, and cooperation clauses.
- Garrison was CEO for over 8 years and Chairman for over 5 years.

## SEC filing metadata
- accession: 0000097216-23-000223
- form_type: 8-K
- ticker: TEX
- cik: 0000097216
- company_name: TEREX CORP
- filed_at: 2023-12-18T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/97216/000009721623000223/0000097216-23-000223-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/97216/000009721623000223/tex-20231214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000097216-23-000223
- JSON: https://secwatch.observer/filing/0000097216-23-000223.json
- Plain text: https://secwatch.observer/filing/0000097216-23-000223.txt

## Key facts
- Executive change
  John L. Garrison, Jr. retired as Chairman and Chief Executive Officer at TEREX CORP.
  - Action: retired
  - Role: Chairman and Chief Executive Officer
  source text: John L. Garrison, Jr. the current Chairman and Chief Executive Officer of the Company would retire from the Company effective January 1, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/97216/000009721623000223/0000097216-23-000223-index.htm

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