secwatch.observer — SEC 8-K summary
======================================

Issuer:     BRADY CORP (BRC)
CIK:        0000746598
Form:       8-K
Filed at:   2023-04-19T23:59:59+00:00
Accession:  0000746598-23-000027
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brady Corp appoints Ann Thornton as CFO; Aaron Pearce resigns
-------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/746598/000074659823000027/0000746598-23-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/746598/000074659823000027/brc-20230413.htm
  HTML page:      https://secwatch.observer/filing/0000746598-23-000027

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