ESCO Technologies CEO succession: Vic Richey retiring, Bryan Sayler to become CEO and President

ESCO TECHNOLOGIES INC

Vic Richey will retire as CEO and President effective Dec 31, 2022; will remain Executive Chairman until successor chosen.
Bryan Sayler, currently President of Utility Solutions Group, appointed CEO and President effective Jan 1, 2023.
Sayler has over 25 years at ESCO, led Utility Solutions Group since 2016, oversaw six acquisitions.
Board increased size to nine and elected Sayler as Class I Director effective Jan 1, 2023.
Sayler's compensation: base salary $715k, cash incentive target $715k, equity awards of $1.43M (200% of base).

item 5.02 item 7.01 item 9.01

Executive movements

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

Departed

Victor L. Richey

Chief Executive Officer and President

ESE · ESCO TECHNOLOGIES INC

Effective: 2022-12-31
Successor: Bryan H. Sayler
Filed: September 12, 2022, 7:59 PM ET

Victor L. Richey, the Company’s Chairman, Chief Executive Officer and President, notified the Company’s Board of Directors that he intends to retire from the Company and resign his positions as its Chief Executive Officer and President effective December 31, 2022.

Appointed

Bryan H. Sayler

Director

ESE · ESCO TECHNOLOGIES INC

Effective: 2023-01-01
Filed: September 12, 2022, 7:59 PM ET

elected Mr. Sayler as a director effective January 1, 2023.

Appointed

Bryan H. Sayler

Chief Executive Officer and President

ESE · ESCO TECHNOLOGIES INC

Effective: 2023-01-01
Filed: September 12, 2022, 7:59 PM ET

the Company’s Board of Directors unanimously appointed Bryan H. Sayler, age 56, to the offices of Chief Executive Officer and President 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

Victor L. Richey resigned as Chief Executive Officer and President at ESCO TECHNOLOGIES INC.

Action: resigned
Role: Chief Executive Officer and President

Exact text from the filing

Victor L. Richey, the Company’s Chairman, Chief Executive Officer and President, notified the Company’s Board of Directors that he intends to retire from the Company and resign his positions as its Chief Executive Officer and President effective December 31, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Bryan H. Sayler was elected as Director at ESCO TECHNOLOGIES INC.

Action: elected
Role: Director

Exact text from the filing

elected Mr. Sayler as a director effective January 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Bryan H. Sayler was appointed as Chief Executive Officer and President at ESCO TECHNOLOGIES INC.

Action: appointed
Role: Chief Executive Officer and President

Exact text from the filing

the Company’s Board of Directors unanimously appointed Bryan H. Sayler, age 56, to the offices of Chief Executive Officer and President of the Company effective January 1, 2023.

View on SEC.gov

ESCO TECHNOLOGIES INC filing history →

Source: SEC EDGAR

accession 0001104659-22-099248

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