secwatch.observer — SEC 8-K summary
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Issuer:     HYSTER-YALE, INC. (HY)
CIK:        0001173514
Form:       8-K
Filed at:   2026-10-15T20:37:22+00:00
Accession:  0001173514-26-000233
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173514/000117351426000233/0001173514-26-000233-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173514/000117351426000233/hy-20261014.htm
  HTML page:      https://secwatch.observer/filing/0001173514-26-000233

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