secwatch.observer — SEC 8-K summary
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Issuer:     Eaton Corp plc (ETN)
CIK:        0001551182
Form:       8-K
Filed at:   2024-01-18T23:59:59+00:00
Accession:  0001140361-24-002654
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eaton appoints Olivier Leonetti as CFO; expects strong Q4 and FY2023 results
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- CFO Thomas Okray to depart Feb 2, 2024 for personal reasons; no severance, forfeits unvested equity.
- Board member Olivier Leonetti appointed EVP & CFO effective Feb 5, 2024; base salary $890k, target bonus 100%, LTI grants.
- Leonetti receives replacement equity for Johnson Controls unvested awards: est. 8,375 RSUs and 34,900 stock options.
- Company expects strong Q4 and full-year 2023 results; details to be provided on next earnings call.
- Okray's departure mutually agreed; no disagreement over financial reporting or practices.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1551182/000114036124002654/0001140361-24-002654-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1551182/000114036124002654/ef20019016_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-002654

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