Douglas Dynamics eliminates President-Work Truck Solutions role; Sievert to VP, BD through March 2022

DOUGLAS DYNAMICS, INC

President – Work Truck Solutions role eliminated Nov 30, 2021; CEO Bob McCormick assumes responsibilities.
Jon Sievert appointed VP, Business Development through March 30, 2022; new employment agreement replaces prior contract.
Agreement provides $343,667 annual base salary, 10% 2021 AIP bonus, continued vesting of RSUs and PSUs.
Post-employment severance includes 10 months base salary plus COBRA subsidy, subject to separation agreement; 24-month restrictive covenants.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Jon Sievert

President – Work Truck Solutions

PLOW · DOUGLAS DYNAMICS, INC

Effective: 2021-11-30
Filed: December 28, 2021, 6:59 PM ET

informed Jon Sievert, that his current position as President – Work Truck Solutions would be eliminated, effective as of such date.

Appointed (interim)

Jon Sievert

VP, Business Development

PLOW · DOUGLAS DYNAMICS, INC

Filed: December 28, 2021, 6:59 PM ET

Mr. Sievert is continuing in the employment of the Company as VP, Business Development until March 30, 2022

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jon Sievert departed as President – Work Truck Solutions at DOUGLAS DYNAMICS, INC.

Action: eliminated
Role: President – Work Truck Solutions

Exact text from the filing

informed Jon Sievert, that his current position as President – Work Truck Solutions would be eliminated, effective as of such date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Jon Sievert was appointed as VP, Business Development at DOUGLAS DYNAMICS, INC.

Action: appointed
Role: VP, Business Development

Exact text from the filing

Mr. Sievert is continuing in the employment of the Company as VP, Business Development until March 30, 2022

View on SEC.gov

DOUGLAS DYNAMICS, INC filing history →

Source: SEC EDGAR

accession 0001104659-21-153944

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.