Brady Corp CEO J. Michael Nauman to retire; Russell Shaller appointed President, CEO effective Apr 1, 2022

BRADY CORP

CEO J. Michael Nauman retires effective April 1, 2022; remains as consultant until June 17, 2022.
Russell R. Shaller, SVP and President of Identification Solutions, appointed President, CEO and director.
Shaller receives base salary of $690,000; annual incentive target 100% of base; equity grants worth ~$2.5M.
Shaller granted $250,000 in RSUs vesting over 3 years; change-of-control deal: 2x salary + bonus.
Nauman entitled to special bonus: base salary from Aug 2021 to Apr 2022 times FY22 bonus achievement; 24-month non-compete.

item 5.02 item 9.01

Executive movements

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Appointed

Russell R. Shaller

President and Chief Executive Officer

BRC · BRADY CORP

Effective: 2022-04-01
Filed: March 16, 2022, 7:59 PM ET

The Company also announced that as of April 1, 2022, Russell R. Shaller has been appointed President and Chief Executive Officer.

Departed

J. Michael Nauman

President and Chief Executive Officer

BRC · BRADY CORP

Effective: 2022-04-01
Successor: Russell R. Shaller
Filed: March 16, 2022, 7:59 PM ET

On March 11, 2022, Brady Corporation (the “Company”) announced that J. Michael Nauman will be retiring as the Company’s President and Chief Executive Officer, effective April 1, 2022

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Russell R. Shaller was appointed as President and Chief Executive Officer at BRADY CORP.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

The Company also announced that as of April 1, 2022, Russell R. Shaller has been appointed President and Chief Executive Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

J. Michael Nauman departed as President and Chief Executive Officer at BRADY CORP.

Action: retiring
Role: President and Chief Executive Officer

Exact text from the filing

On March 11, 2022, Brady Corporation (the “Company”) announced that J. Michael Nauman will be retiring as the Company’s President and Chief Executive Officer, effective April 1, 2022

View on SEC.gov

BRADY CORP filing history →

Source: SEC EDGAR

accession 0000746598-22-000022

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