Simpson Manufacturing sets CEO Mike Olosky's compensation: $800K salary, 100% bonus target, $2.4M LTI

Simpson Manufacturing Co., Inc.

Annual base salary of $800,000, subject to annual review after 2023.
2023 bonus target of 100% of base salary under EOCPS plan, max 200% of target.
Long-term incentive target of $2.4 million for 2023, mix of RSUs and PSUs.
PSU vesting based on revenue growth and ROIC goals; payout 0%-200% of target.
Mr. Olosky becomes CEO effective January 1, 2023, succeeding Karen Colonias.

item 5.02

Executive movements

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Role change

Mike Olosky

President and Chief Executive Officer

SSD · Simpson Manufacturing Co., Inc.

Effective: 2023-01-01
Filed: December 20, 2022, 6:59 PM ET

Mike Olosky, currently the President and Chief Operating Officer of Simpson Manufacturing Co, Inc. (the “Company”), will succeed Karen Colonias as President and Chief Executive Officer of the Company effective January 1, 2023.

Departed

Karen Colonias

President and Chief Executive Officer

SSD · Simpson Manufacturing Co., Inc.

Effective: 2023-01-01
Successor: Mike Olosky
Filed: December 20, 2022, 6:59 PM ET

Mike Olosky, currently the President and Chief Operating Officer of Simpson Manufacturing Co, Inc. (the “Company”), will succeed Karen Colonias as President and Chief Executive Officer of the Company effective January 1, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Mike Olosky was appointed as President and Chief Executive Officer at Simpson Manufacturing Co., Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

Mike Olosky, currently the President and Chief Operating Officer of Simpson Manufacturing Co, Inc. (the “Company”), will succeed Karen Colonias as President and Chief Executive Officer of the Company effective January 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Karen Colonias departed as President and Chief Executive Officer at Simpson Manufacturing Co., Inc..

Action: succeeded
Role: President and Chief Executive Officer

Exact text from the filing

Mike Olosky, currently the President and Chief Operating Officer of Simpson Manufacturing Co, Inc. (the “Company”), will succeed Karen Colonias as President and Chief Executive Officer of the Company effective January 1, 2023.

View on SEC.gov

Simpson Manufacturing Co., Inc. filing history →

Source: SEC EDGAR

accession 0000920371-22-000176

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