secwatch.observer — SEC 8-K summary
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Issuer:     TEREX CORP (TEX)
CIK:        0000097216
Form:       8-K
Filed at:   2024-11-21T23:59:59+00:00
Accession:  0000097216-24-000162
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Terex names Jennifer Kong-Picarello as CFO, succeeding Julie Beck; Beck to depart April 2025
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- Beck steps down as CFO after 2024 10-K filing; will leave company April 1, 2025.
- Kong-Picarello joins Feb 3, 2025 as SVP Finance, becomes CFO after 10-K filing.
- She was CFO of Schneider Electric's Energy Management (€28B segment); also Honeywell Intelligrated CFO.
- Compensation: base salary $650k, target bonus 75%, sign-on bonus $500k, sign-on equity ~$1.15M (3yr vest).
- Eligible for 2025 LTI award of $1.4M and change-in-control severance agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/97216/000009721624000162/0000097216-24-000162-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/97216/000009721624000162/tex-20241118.htm
  HTML page:      https://secwatch.observer/filing/0000097216-24-000162

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