secwatch.observer — SEC 8-K summary
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Issuer:     AAON, INC. (AAON)
CIK:        0000824142
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0000824142-22-000089
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AAON founder Norm Asbjornson retires as Executive Chairman, remains on Board and consultant
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- Norman H. Asbjornson steps down as Executive Chairman effective May 12, 2022; continues as Board member.
- Asbjornson will provide consulting services through May 2024 at $348,225 per year.
- Retirement agreement accelerates vesting of all outstanding restricted stock and stock options on May 12, 2022.
- No annual incentive bonus for 2022; no equity or long-term performance awards in 2022 for Executive Chairman role.
- Decision not due to any disagreement with management or Board; part of long-term succession planning.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/824142/000082414222000089/0000824142-22-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/824142/000082414222000089/aaon-20220421.htm
  HTML page:      https://secwatch.observer/filing/0000824142-22-000089

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