---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-007000"
form_type: "8-K"
ticker: "TTC"
cik: "0000737758"
company_name: "TORO CO"
filed_at: "2023-02-14T23:59:59+00:00"
generated_at: "2026-06-19T14:52:38.614247+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Toro CFO Renee Peterson to retire in July 2023; Angela Drake named successor effective March 10

## Summary
- Renee J. Peterson, VP & CFO for 11+ years, plans to retire in July 2023; Angela C. Drake appointed VP & CFO effective March 10, 2023.
- Drake's compensation package: $565,000 base salary, 65% target cash incentive, $850,000 RSU grant vesting over three years.
- Drake previously served as VP Finance (2022) and VP Construction; joined Toro through the Charles Machine Works acquisition in 2019.
- Peterson will remain as VP Finance through July to ensure orderly transition.

## SEC filing metadata
- accession: 0001140361-23-007000
- form_type: 8-K
- ticker: TTC
- cik: 0000737758
- company_name: TORO CO
- filed_at: 2023-02-14T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/737758/000114036123007000/0001140361-23-007000-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/737758/000114036123007000/ny20007515x1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-007000
- JSON: https://secwatch.observer/filing/0001140361-23-007000.json
- Plain text: https://secwatch.observer/filing/0001140361-23-007000.txt

## Key facts
- Executive change
  Angela C. Drake was appointed as Vice President, Chief Financial Officer at TORO CO.
  - Action: promoted
  - Role: Vice President, Chief Financial Officer
  source text: Also on February 13, 2023, the Board of Directors of TTC promoted Angela C. Drake, age 50, to Vice President, Chief Financial Officer, effective as of March 10, 2023, to succeed Ms. Peterson and serve as TTC’s principal financial officer and principal accounting officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/737758/000114036123007000/0001140361-23-007000-index.htm
- Executive change
  Renee J. Peterson departed as Vice President, Chief Financial Officer at TORO CO.
  - Action: retire
  - Role: Vice President, Chief Financial Officer
  source text: After more than 11 years of service to The Toro Company (“TTC”), Renee J. Peterson, Vice President, Chief Financial Officer, notified TTC on February 13, 2023, of her decision to retire in July 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/737758/000114036123007000/0001140361-23-007000-index.htm

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