8-K
filed December 21, 2022, 6:59 PM ET
ticker SMP
CIK 0000093389
leadership
confidence high
sentiment neutral
materiality 0.50
Standard Motor Products announces leadership succession; Eric Sills to become Chairman in May 2023
STANDARD MOTOR PRODUCTS, INC.
- Lawrence I. Sills (Chairman) and William H. Turner to become Director Emeritus effective May 18, 2023; Eric P. Sills succeeds as Chairman.
- James J. Burke (COO) appointed to Board effective Dec 15, 2022, expanding board from nine to ten members.
- Alisa C. Norris becomes Presiding Independent Director; Pamela S. Puryear to chair Compensation Committee; board reduces to eight.
- Bylaw amended to add advance notice provision for shareholder director nominations (90-120 days before annual meeting).
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Eric P. Sills was appointed as Chairman of the Board at STANDARD MOTOR PRODUCTS, INC..
- Action
- appointed
- Role
- Chairman of the Board
Exact text from the filing
Eric P. Sills, Director, Chief Executive Officer & President, will be appointed Chairman of the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Lawrence I. Sills changed role as Director Emeritus at STANDARD MOTOR PRODUCTS, INC..
- Action
- assume
- Role
- Director Emeritus
Exact text from the filing
Lawrence I. Sills, Chairman, and William H. Turner, Presiding Independent Director, announced that they will each assume the role of Director Emeritus
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
James J. Burke was appointed as Director at STANDARD MOTOR PRODUCTS, INC..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board increased the size of the Board from nine to ten members and appointed James J. Burke, the Company’s Chief Operating Officer, as a new director to the Board, effective as of December 15, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
William H. Turner changed role as Director Emeritus at STANDARD MOTOR PRODUCTS, INC..
- Action
- assume
- Role
- Director Emeritus
Exact text from the filing
Lawrence I. Sills, Chairman, and William H. Turner, Presiding Independent Director, announced that they will each assume the role of Director Emeritus
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Alisa C. Norris was appointed as Presiding Independent Director at STANDARD MOTOR PRODUCTS, INC..
- Action
- appointed
- Role
- Presiding Independent Director
Exact text from the filing
Alisa C. Norris, Director, will be appointed Presiding Independent Director of the Board, and will resign as Chair of the Compensation and Management Development Committee
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
STANDARD MOTOR PRODUCTS, INC.: Added an advance notice provision to Section 7 of the Restated By-Laws, establishing timing, information, and procedural requirements for shareholder director nominations (effective 2022-12-15).
- Change
- bylaw amendment
- Effective
- 2022-12-15
Exact text from the filing
On December 15, 2022, the Board of Directors of the Company approved an amendment to Section 7 of the Company’s Restated By-Laws, effective immediately, to add an advance notice provision, which establishes timing, information and procedural requirements for shareholders seeking to submit a director nomination at any annual or special meeting of shareholders.
View on SEC.gov
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