---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-21-033659"
form_type: "8-K"
ticker: "MOD"
cik: "0000067347"
company_name: "MODINE MANUFACTURING CO"
filed_at: "2021-10-05T23:59:59+00:00"
generated_at: "2026-06-28T23:10:33.764361+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Modine appoints Matt Powell as GM of Heavy Duty Equipment; Casterton departs

## Summary
- Joel Casterton no longer VP Heavy Duty Equipment effective Sept 29, 2021; leaving Modine in October to pursue other opportunities.
- Matt Powell appointed General Manager, Heavy Duty Equipment, effective Oct 5, 2021; previously President/CEO of Amcor.
- Company separating EV business from traditional HDE; new EV unit has separate leadership team.
- CEO says strategic shift to deemphasize certain ICE products; evaluating non-strategic portions of HDE.
- Modine retains existing segments through fiscal 2022; resources will shift to higher-growth EV business.

## SEC filing metadata
- accession: 0001140361-21-033659
- form_type: 8-K
- ticker: MOD
- cik: 0000067347
- company_name: MODINE MANUFACTURING CO
- filed_at: 2021-10-05T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/67347/000114036121033659/0001140361-21-033659-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/67347/000114036121033659/brhc10029622_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-21-033659
- JSON: https://secwatch.observer/filing/0001140361-21-033659.json
- Plain text: https://secwatch.observer/filing/0001140361-21-033659.txt

## Key facts
- Executive change
  Joel T. Casterton departed as Vice President, Heavy Duty Equipment at MODINE MANUFACTURING CO.
  - Action: is no longer serving
  - Role: Vice President, Heavy Duty Equipment
  source text: Effective September 29, 2021, Joel T. Casterton is no longer serving in the role of Vice President, Heavy Duty Equipment of Modine Manufacturing Company (the “Company”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/67347/000114036121033659/0001140361-21-033659-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.