Woodward CEO Tom Gendron retiring May 9; Chip Blankenship named CEO, Chairman

Woodward, Inc.

Thomas Gendron retires after 31 years at Woodward, 17 as CEO; effective May 9, 2022.
Charles Blankenship appointed CEO, President, and Chairman effective May 9, 2022.
Blankenship base salary $1.1M, short-term target $1.265M, LTI target $4.8M.
Sign-on incentives: $1M cash, $3.4M RSUs (3-yr vest), $2.2M stock options (4-yr vest).
Gendron stays as director/officer through July 11 to assist transition.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Thomas A. Gendron

Chairman, Chief Executive Officer and President

WWD · Woodward, Inc.

Effective: 2022-05-09
Successor: Charles Blankenship
Filed: April 21, 2022, 7:59 PM ET

On April 16, 2022, Thomas A. Gendron, Chairman, Chief Executive Officer and President of Woodward, Inc. (“Woodward”, or the “Company”), notified the Board of Directors of the Company (the “Board”) that he intends to retire from his role as Chairman of the Board, Chief Executive Officer and President effective May 9, 2022.

Appointed

Charles Blankenship

Chief Executive Officer, President and Chairman

WWD · Woodward, Inc.

Effective: 2022-05-09
Filed: April 21, 2022, 7:59 PM ET

Mr. Charles ("Chip") Blankenship, Jr. has been appointed as Chief Executive Officer and President of the Company effective May 9, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Thomas A. Gendron departed as Chairman, Chief Executive Officer and President at Woodward, Inc..

Action: retire
Role: Chairman, Chief Executive Officer and President

Exact text from the filing

On April 16, 2022, Thomas A. Gendron, Chairman, Chief Executive Officer and President of Woodward, Inc. (“Woodward”, or the “Company”), notified the Board of Directors of the Company (the “Board”) that he intends to retire from his role as Chairman of the Board, Chief Executive Officer and President effective May 9, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Charles Blankenship was appointed as Chief Executive Officer, President and Chairman at Woodward, Inc..

Action: appointed
Role: Chief Executive Officer, President and Chairman

Exact text from the filing

Mr. Charles ("Chip") Blankenship, Jr. has been appointed as Chief Executive Officer and President of the Company effective May 9, 2022.

View on SEC.gov

Woodward, Inc. filing history →

Source: SEC EDGAR

accession 0001171843-22-002690

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