secwatch.observer — SEC 8-K summary
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Issuer:     Woodward, Inc. (WWD)
CIK:        0000108312
Form:       8-K
Filed at:   2023-04-05T23:59:59+00:00
Accession:  0001171843-23-002169
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108312/000117184323002169/0001171843-23-002169-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108312/000117184323002169/f8k_040523.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-002169

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