--- schema_version: "secwatch.filing_event.v1" accession: "0001173514-23-000063" form_type: "8-K" ticker: "HY" cik: "0001173514" company_name: "HYSTER-YALE, INC." filed_at: "2023-05-10T23:59:59+00:00" generated_at: "2026-06-15T05:54:11.877167+00:00" event_type: "leadership" sentiment: "neutral" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # Hyster-Yale names Rajiv Prasad President and CEO; Rankin becomes Executive Chairman ## Summary - Rajiv Prasad, age 59, appointed President and CEO effective May 9, 2023; base salary $972,315/year. - Alfred Rankin transitions to Executive Chairman; base salary reduced to $1,006,400/year. - Stockholders approved Non-Employee Directors' Equity Compensation Plan; 200,000 shares authorized. - Thirteen directors elected; advisory say-on-pay passed with 96.7% support. - Anthony Salgado, COO of HYG, receives compensation increase; base salary $616,250/year. ## SEC filing metadata - accession: 0001173514-23-000063 - form_type: 8-K - ticker: HY - cik: 0001173514 - company_name: HYSTER-YALE, INC. - filed_at: 2023-05-10T23:59:59+00:00 - event_type: leadership - sentiment: neutral - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 5.02, 5.07, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1173514/000117351423000063/0001173514-23-000063-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1173514/000117351423000063/hy-20230508.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001173514-23-000063 - JSON: https://secwatch.observer/filing/0001173514-23-000063.json - Plain text: https://secwatch.observer/filing/0001173514-23-000063.txt ## Key facts - Executive change Rajiv K. Prasad was appointed as President and Chief Executive Officer at HYSTER-YALE, INC.. - Action: appointed - Role: President and Chief Executive Officer source text: appointed Rajiv K. Prasad, age 59, as President and Chief Executive Officer (“CEO”) of the Company, effective May 9, 2023 evidence_url: https://www.sec.gov/Archives/edgar/data/1173514/000117351423000063/0001173514-23-000063-index.htm - Executive change Alfred M. Rankin, Jr. changed role as Executive Chairman at HYSTER-YALE, INC.. - Action: assumed - Role: Executive Chairman source text: Alfred M. Rankin, Jr., who has served as the Company’s Chairman and CEO, assumed the role of Executive Chairman of the Board of Directors (the “Board”) of the Company on the Effective Date. evidence_url: https://www.sec.gov/Archives/edgar/data/1173514/000117351423000063/0001173514-23-000063-index.htm - Shareholder Votes HYSTER-YALE, INC. shareholders approved Advisory vote on named executive officer compensation at the 2023-05-09 meeting. - Proposal: say on pay - Outcome: passed - Meeting: 2023-05-09 source text: The stockholders approved, on an advisory basis, the Company's named executive officer compensation: For 46,166,251 Against 1,349,904 Abstain 32,326 Broker non-votes 998,031 evidence_url: https://www.sec.gov/Archives/edgar/data/1173514/000117351423000063/0001173514-23-000063-index.htm - Shareholder Votes HYSTER-YALE, INC. shareholders approved Election of thirteen directors at the 2023-05-09 meeting. - Proposal: director election - Outcome: passed - Meeting: 2023-05-09 source text: The stockholders elected the following thirteen nominees to the Board of Directors until the next annual meeting and until their successors are elected: DIRECTOR VOTE FOR VOTES WITHHELD BROKER NON-VOTES Colleen R. Batcheler 47,423,552 124,918 998,031 James B. Bemowski 47,375,587 172,883 998,031 J.C. Butler, Jr. 44,132,077 3,416,393 998,031 Carolyn Corvi 45,568,309 1,980,161 998,031 Edward T. Eliopoulos 47,164,677 383,793 998,031 John P. Jumper 44,771,781 2,776,689 998,031 Dennis W. LaBarre 43,646,215 3,902,255 998,031 H. Vincent Poor 45,656,188 1,892,282 998,031 Rajiv K. Prasad 46,900,918 647,552 998,031 Alfred M. Rankin, Jr. 45,371,384 2,177,086 998,031 Claiborne R. Rankin 45,348,919 2,199,551 998,031 Britton T. Taplin 45,344,046 2,204,424 998,031 David B.H. Williams 45,324,803 2,223,667 998,031 evidence_url: https://www.sec.gov/Archives/edgar/data/1173514/000117351423000063/0001173514-23-000063-index.htm - Shareholder Votes HYSTER-YALE, INC. shareholders approved Ratification of Ernst & Young as independent auditor at the 2023-05-09 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2023-05-09 source text: The stockholders confirmed the appointment of Ernst & Young LLP as the independent registered public accounting firm of the Company for the current fiscal year: For 48,133,366 Against 397,683 Abstain 15,463 evidence_url: https://www.sec.gov/Archives/edgar/data/1173514/000117351423000063/0001173514-23-000063-index.htm - Shareholder Votes HYSTER-YALE, INC. shareholders approved Approval of Non-Employee Directors' Equity Compensation Plan at the 2023-05-09 meeting. - Proposal: equity plan - Outcome: passed - Meeting: 2023-05-09 source text: The stockholders approved the Hyster-Yale Materials Handling, Inc. Non-Employee Directors' Equity Compensation Plan (As Amended and Restated Effective May 9, 2023): For 47,435,722 Against 92,168 Abstain 20,591 Broker non-votes 998,031 evidence_url: https://www.sec.gov/Archives/edgar/data/1173514/000117351423000063/0001173514-23-000063-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.