secwatch.observer — SEC 8-K summary
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Issuer:     SCOTTS MIRACLE-GRO CO (SMG)
CIK:        0000825542
Form:       8-K
Filed at:   2026-07-01T20:05:14+00:00
Accession:  0000825542-26-000032
Event type: leadership
Sentiment:  neutral
Materiality: 0.85
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/825542/000082554226000032/0000825542-26-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/825542/000082554226000032/smg-20260701.htm
  HTML page:      https://secwatch.observer/filing/0000825542-26-000032

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