Nate Baxter named CEO of Scotts Miracle-Gro, succeeding Jim Hagedorn; FY2026 guidance reaffirmed

SCOTTS MIRACLE-GRO CO

Nathan E. Baxter appointed President & CEO effective June 26, 2026; also elected to Board.
Jim Hagedorn steps down as CEO (since 2001) and Chairman; Peter Shumlin elected Chairman.
Baxter receives $1.1M base salary, 150% target incentive, $5.25M LTIP target, and $2M RSU grant.
Hagedorn to receive $17.4M separation payment (over 12 months), plus $500K for aircraft support and $150K admin.
Company reaffirms FY2026 guidance: adj. EPS $4.15-$4.35, adj. gross margin ≥32%, free cash flow ~$275M.

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