secwatch.observer — SEC 8-K summary
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Issuer:     TORO CO (TTC)
CIK:        0000737758
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0001140361-23-007000
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/737758/000114036123007000/0001140361-23-007000-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/737758/000114036123007000/ny20007515x1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-007000

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer