WD-40 CEO Garry Ridge to retire Aug 31, 2022; Steve Brass appointed as successor

WD 40 CO

Garry Ridge retires as CEO effective Aug 31, 2022; appointed to non-executive Chairman until Dec 13, 2022, then Chairman Emeritus.
Steve Brass, current President and COO, becomes CEO on Sept 1, 2022 and joins Board effective March 15, 2022.
Transition Agreement provides Ridge monthly pay of $34,606 from Sept 2022 to June 2023, plus RSUs of $1,000,000 vesting June 30, 2023.
Ridge will serve as consultant from Jan 3 to June 30, 2023; 36 months COBRA coverage at company expense.
Board to nominate Gregory Sandfort (lead independent director) as board chair to succeed Ridge.

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.

Departed

Garry O. Ridge

Chief Executive Officer

WDFC · WD 40 CO

Effective: 2022-08-31
Successor: Steven A. Brass
Filed: March 16, 2022, 7:59 PM ET

On March 16, 2022, WD-40 Company (the “Company”) announced the retirement of Garry O. Ridge as Chief Executive Officer (“CEO”) of the Company, effective as of August 31, 2022

Appointed

Steven A. Brass

Director

WDFC · WD 40 CO

Effective: 2022-03-15
Filed: March 16, 2022, 7:59 PM ET

his appointment to the Company’s Board of Directors (“Board”), effective March 15, 2022

Appointed

Steven A. Brass

Chief Executive Officer

WDFC · WD 40 CO

Effective: 2022-09-01
Filed: March 16, 2022, 7:59 PM ET

The Company also announced the appointment of Steven A. Brass, currently the President and Chief Operating Officer (“COO”) of the Company, as CEO of the Company, effective as of September 1, 2022

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Garry O. Ridge retired as Chief Executive Officer at WD 40 CO.

Action: retired
Role: Chief Executive Officer

Exact text from the filing

On March 16, 2022, WD-40 Company (the “Company”) announced the retirement of Garry O. Ridge as Chief Executive Officer (“CEO”) of the Company, effective as of August 31, 2022

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Steven A. Brass was appointed as Director at WD 40 CO.

Action: appointed
Role: Director

Exact text from the filing

his appointment to the Company’s Board of Directors (“Board”), effective March 15, 2022

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Steven A. Brass was appointed as Chief Executive Officer at WD 40 CO.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

The Company also announced the appointment of Steven A. Brass, currently the President and Chief Operating Officer (“COO”) of the Company, as CEO of the Company, effective as of September 1, 2022

View on SEC.gov

WD 40 CO filing history →

Source: SEC EDGAR

accession 0000105132-22-000010

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