{"schema_version":"secwatch.filing_event.v1","accession":"0000792987-23-000003","form_type":"8-K","ticker":"ASTE","cik":"0000792987","company_name":"ASTEC INDUSTRIES INC","filed_at":"2023-01-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.101344+00:00","generated_at":"2026-06-20T19:08:37.895176+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Astec CEO Barry Ruffalo steps down; Jaco van der Merwe named President and CEO","bullets":["Barry Ruffalo terminated as CEO without cause effective Jan 6, 2023; entitled to severance plus 2022 incentive at committee discretion.","Jaco van der Merwe, formerly Group President – Infrastructure Solutions, appointed President and CEO and elected to Board effective immediately.","Van der Merwe's base salary increased to $725,000 (from $400,000); annual incentive target raised to 100% of base from 60%.","Equity grants for van der Merwe to be determined in February 2023; no additional compensation for Board service.","Ruffalo's departure not related to any disagreement with company operations or policies."],"urls":{"canonical":"https://secwatch.observer/filing/0000792987-23-000003","json":"https://secwatch.observer/filing/0000792987-23-000003.json","markdown":"https://secwatch.observer/filing/0000792987-23-000003.md","text":"https://secwatch.observer/filing/0000792987-23-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/792987/000079298723000003/0000792987-23-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/792987/000079298723000003/aste-20230106.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T19:08:37.895176+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0905727eee","claim":"Jaco van der Merwe was appointed as President and Chief Executive Officer at ASTEC INDUSTRIES INC.","evidence_excerpt":"the Board appointed Jaco van der Merwe, the Company’s current Group President – Infrastructure Solutions, as President and Chief Executive Officer, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/792987/000079298723000003/0000792987-23-000003-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"534d4a3eaa","claim":"Barry A. Ruffalo was terminated as President and Chief Executive Officer at ASTEC INDUSTRIES INC.","evidence_excerpt":"On January 6, 2023, Astec Industries, Inc. (the “Company”) announced that its President and Chief Executive Officer, Barry A. Ruffalo, is leaving the Company, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/792987/000079298723000003/0000792987-23-000003-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}