---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-002169"
form_type: "8-K"
ticker: "WWD"
cik: "0000108312"
company_name: "Woodward, Inc."
filed_at: "2023-04-05T23:59:59+00:00"
generated_at: "2026-06-17T05:41:19.845001+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Woodward appoints Bill Lacey as CFO effective May 8, 2023; Mark Hartman departs

## Summary
- Lacey previously VP Finance at Amazon Books/Kindle Content and President/CEO of GE Lighting (Savant).
- Lacey base salary $525k, STI target 75% ($393,750), FY2024 LTI $1.2M, sign-on cash $400k, RSU $720k, options $480k.
- Hartman receives severance: lump sum $892,500 (base salary + target bonus), prorated STI/Cash LTI, $50k healthcare, continued equity vesting.
- Hartman remains CFO until Lacey's start; separation includes 12-month non-compete and non-solicitation.
- Lacey holds B.S. from Florida A&M; will relocate to Fort Collins, CO.

## SEC filing metadata
- accession: 0001171843-23-002169
- form_type: 8-K
- ticker: WWD
- cik: 0000108312
- company_name: Woodward, Inc.
- filed_at: 2023-04-05T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/108312/000117184323002169/0001171843-23-002169-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/108312/000117184323002169/f8k_040523.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-002169
- JSON: https://secwatch.observer/filing/0001171843-23-002169.json
- Plain text: https://secwatch.observer/filing/0001171843-23-002169.txt

## Key facts
- Executive change
  William F. Lacey was appointed as Chief Financial Officer at Woodward, Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On April 5, 2023, Woodward, Inc. (the "Company") announced that William F. Lacey, 53, has been appointed as Chief Financial Officer (“CFO”) of the Company, effective May 8, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/108312/000117184323002169/0001171843-23-002169-index.htm
- Executive change
  Mark D. Hartman departed as Chief Financial Officer at Woodward, Inc..
  - Action: depart
  - Role: Chief Financial Officer
  source text: Mr. Hartman will depart the Company thereafter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/108312/000117184323002169/0001171843-23-002169-index.htm

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