Brady Corp appoints Ann Thornton as CFO; Aaron Pearce resigns
BRADY CORP
CFO Aaron Pearce resigns effective April 14, 2023; receives 12 months base salary, 100% of 2023 target bonus, and full vesting of FY2021-2022 options and RSUs.
Ann Thornton promoted from Chief Accounting Officer to CFO, CAO, and Treasurer; base salary $450,000, target bonus 70%, equity award $675,000.
Thornton has over 13 years at Brady, previously an auditor at PwC; resignation not related to any accounting or reporting dispute.
Thornton's share ownership requirement is 3x base salary, and she executed a Change of Control Agreement with 2x salary and bonus.
The Company also announced that as of April 14, 2023, Ann Thornton has been appointed as Chief Financial Officer, Chief Accounting Officer and Treasurer.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 1.0
Aaron J. Pearce resigned as Chief Financial Officer and Treasurer at BRADY CORP.
Action
resigned
Role
Chief Financial Officer and Treasurer
Exact text from the filing
On April 14, 2023, Brady Corporation (the "Company") announced the resignation of Aaron J. Pearce, Chief Financial Officer and Treasurer.
Ann Thornton was appointed as Chief Financial Officer, Chief Accounting Officer and Treasurer at BRADY CORP.
Action
appointed
Role
Chief Financial Officer, Chief Accounting Officer and Treasurer
Exact text from the filing
The Company also announced that as of April 14, 2023, Ann Thornton has been appointed as Chief Financial Officer, Chief Accounting Officer and Treasurer.
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