---
schema_version: "secwatch.filing_event.v1"
accession: "0001173514-26-000233"
form_type: "8-K"
ticker: "HY"
cik: "0001173514"
company_name: "HYSTER-YALE, INC."
filed_at: "2026-10-15T20:37:22+00:00"
generated_at: "2026-10-15T20:38:04.416209+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Hyster-Yale names Stanley Black & Decker exec Matthew Cornell CFO, effective Nov 1; base salary $605,000

## Summary
- Board appointed Matthew Cornell, 46, as Senior Vice President and CFO effective November 1, 2026; base salary set at $605,000 per year.
- CEO Rajiv K. Prasad stays principal financial officer through the Q3 2026 Form 10-Q filing; Cornell assumes that role November 4.
- Cornell was President and GM, Specialty Tools & Storage Solutions at Stanley Black & Decker (Oct 2022-Oct 2025) and CFO, Industrial Segment (May 2020-June 2024).
- Target annual incentive 60% of $626,800 salary midpoint (0-150%); long-term equity target 90% of midpoint plus 15% uplift (0-200%), paid 65% restricted shares / 35% cash.
- Sign-on bonus of $75,000 ($30,000 first payroll, $45,000 on relocation before Aug 1, 2027), one-time 3,500-share award plus cash equal to 35% of its value, and $20,000/year allowance.

## SEC filing metadata
- accession: 0001173514-26-000233
- form_type: 8-K
- ticker: HY
- cik: 0001173514
- company_name: HYSTER-YALE, INC.
- filed_at: 2026-10-15T20:37:22+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1173514/000117351426000233/0001173514-26-000233-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1173514/000117351426000233/hy-20261014.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001173514-26-000233
- JSON: https://secwatch.observer/filing/0001173514-26-000233.json
- Plain text: https://secwatch.observer/filing/0001173514-26-000233.txt

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