secwatch.observer — SEC 8-K summary
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Issuer:     HYSTER-YALE, INC. (HY)
CIK:        0001173514
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001173514-23-000063
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hyster-Yale names Rajiv Prasad President and CEO; Rankin becomes Executive Chairman
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173514/000117351423000063/0001173514-23-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173514/000117351423000063/hy-20230508.htm
  HTML page:      https://secwatch.observer/filing/0001173514-23-000063

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