secwatch.observer — SEC 8-K summary
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Issuer:     BRADY CORP (BRC)
CIK:        0000746598
Form:       8-K
Filed at:   2022-03-16T23:59:59+00:00
Accession:  0000746598-22-000022
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/746598/000074659822000022/0000746598-22-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/746598/000074659822000022/brc-20220310.htm
  HTML page:      https://secwatch.observer/filing/0000746598-22-000022

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