secwatch.observer — SEC 8-K summary
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Issuer:     WD 40 CO (WDFC)
CIK:        0000105132
Form:       8-K
Filed at:   2022-03-16T23:59:59+00:00
Accession:  0000105132-22-000010
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/105132/000010513222000010/0000105132-22-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/105132/000010513222000010/wdfc-20220311x8k.htm
  HTML page:      https://secwatch.observer/filing/0000105132-22-000010

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