ESCO Technologies director Solley to retire; board approves 10b5-1 repurchase plan and executive PSUs

ESCO TECHNOLOGIES INC

Director Larry W. Solley to retire effective 2022 annual meeting; board reduces size from 8 to 7.
Committee approved fiscal 2022 PSUs for executive officers with EBITDA and relative TSR performance targets.
CEO Richey granted PSUs target value $1,462,905 (16,338 shares); CFO Tucker $357,265 (3,990); GC Schatz $173,976 (1,943).
Audit & Finance Committee approved a 10b5-1 repurchase plan via J.P. Morgan, max term one year, starting late 2021/early 2022.
Plan permits repurchases when predetermined conditions are met, independent of company's material non-public info.

item 5.02 item 8.01 item 9.01

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Departed

Larry W. Solley

director

ESE · ESCO TECHNOLOGIES INC

Filed: November 23, 2021, 6:59 PM ET

On November 17, 2021, director Larry W. Solley notified the Nominating and Corporate Governance Committee of the Company’s Board of Directors that he has decided to retire from the Board, effective the date of the Company’s 2022 Annual Meeting of Stockholders.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Larry W. Solley departed as director at ESCO TECHNOLOGIES INC.

Action: retire
Role: director

Exact text from the filing

On November 17, 2021, director Larry W. Solley notified the Nominating and Corporate Governance Committee of the Company’s Board of Directors that he has decided to retire from the Board, effective the date of the Company’s 2022 Annual Meeting of Stockholders.

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ESCO TECHNOLOGIES INC filing history →

Source: SEC EDGAR

accession 0001104659-21-142871

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