secwatch.observer — SEC 8-K summary
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Issuer:     APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)
CIK:        0000109563
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0000109563-24-000047
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Applied Industrial elects Microchip COO Simoncic to board; Komnenovich to retire Oct 2024
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- Richard J. Simoncic, 61, elected to board effective Aug 13, 2024; term until Oct 2025.
- Simoncic is COO of Microchip Technology (MCHP) since Apr 2024; prior roles in analog power & interface.
- Dan Komnenovich will retire at Oct 22, 2024 annual meeting per company's age-72 policy.
- Board will remain at 9 directors, 8 independent, after changes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/109563/000010956324000047/0000109563-24-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/109563/000010956324000047/ait-20240813.htm
  HTML page:      https://secwatch.observer/filing/0000109563-24-000047

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