home · filing · 0000918541-23-000086
8-K filed May 9, 2023, 7:59 PM ET
ticker NNBR
CIK 0000918541
leadership
confidence high
sentiment neutral
materiality 0.75
NN, Inc. appoints Harold Bevis as President and CEO effective May 22, 2023
NN INC
Harold Bevis appointed President and CEO effective May 22, 2023, succeeding Warren Veltman who retires as planned.
Annual base salary $835,000; guaranteed minimum bonus of $835,000 for 2023; no equity grants expected until 2028.
Inducement grants: 1,500,000 time-vesting RSUs (5-yr vest) and 2,500,000 performance-vesting PSUs tied to stock price targets (starting at $2/share).
Bevis brings 25+ years leadership; previously President & CEO of Commercial Vehicle Group (CVGI), with EV and business transformation experience.
Transition from outgoing CEO Warren Veltman was announced on November 1, 2022 as part of planned succession.
Executive movements
Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements .
Effective 2023-05-22
Successor Harold Bevis
Filed May 9, 2023, 7:59 PM ET
Mr. Veltman will retire as the President and Chief Executive Officer of the Company and from the Board, effective as of the Transition Date.
Departed
Warren Veltman
Director
Effective 2023-05-22
Successor Harold Bevis
Filed May 9, 2023, 7:59 PM ET
Mr. Veltman will retire as the President and Chief Executive Officer of the Company and from the Board, effective as of the Transition Date.
Effective 2023-05-22
Filed May 9, 2023, 7:59 PM ET
On May 9, 2023, the Board of Directors (the “Board”) of the Company announced the appointment of Harold Bevis as the Company’s President and Chief Executive Officer, effective May 22, 2023
Appointed
Harold Bevis
Director
Filed May 9, 2023, 7:59 PM ET
The Board also expects to appoint Mr. Bevis as a director of the Board, following the Transition Date.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Warren Veltman departed as President and Chief Executive Officer at NN INC.
Action retire
Role President and Chief Executive Officer
Exact text from the filing
Mr. Veltman will retire as the President and Chief Executive Officer of the Company and from the Board, effective as of the Transition Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Warren Veltman departed as Director at NN INC.
Action retire
Role Director
Exact text from the filing
Mr. Veltman will retire as the President and Chief Executive Officer of the Company and from the Board, effective as of the Transition Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Harold Bevis was appointed as President and Chief Executive Officer at NN INC.
Action appointed
Role President and Chief Executive Officer
Exact text from the filing
On May 9, 2023, the Board of Directors (the “Board”) of the Company announced the appointment of Harold Bevis as the Company’s President and Chief Executive Officer, effective May 22, 2023
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Harold Bevis was appointed as Director at NN INC.
Action appointed
Role Director
Exact text from the filing
The Board also expects to appoint Mr. Bevis as a director of the Board, following the Transition Date.
View on SEC.gov
Source: SEC EDGAR
accession 0000918541-23-000086
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