secwatch.observer — SEC 8-K summary
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Issuer:     MANITOWOC CO INC (MTW)
CIK:        0000061986
Form:       8-K
Filed at:   2021-10-15T23:59:59+00:00
Accession:  0000950170-21-002134
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Manitowoc expands board from 8 to 10; elects Amy Davis (Cummins) and Robert Malone (Parker) as directors
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- Board expanded from 8 to 10; Amy R. Davis (Cummins SVP) and Robert W. Malone (Parker SVP) elected effective Oct 15, 2021.
- Davis and Malone will receive standard non-employee director compensation as per 2021 proxy.
- In 2020 and through Aug 2021, Manitowoc paid Cummins ~$11M and $9M respectively for goods/services; Parker ~$4M and $2.6M.
- Davis has been at Cummins since 2020 leading New Power Business; Malone leads Parker Filtration Group since 2014.
- Chairman Krueger said new directors bring global expertise and operational experience to support strategic growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/61986/000095017021002134/0000950170-21-002134-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/61986/000095017021002134/mtw-20211015.htm
  HTML page:      https://secwatch.observer/filing/0000950170-21-002134

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer