---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-243534"
form_type: "8-K"
ticker: "GHM"
cik: "0000716314"
company_name: "GRAHAM CORP"
filed_at: "2021-08-11T23:59:59+00:00"
generated_at: "2026-06-29T15:49:10.120624+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# CEO change: James Lines retires; Dan Thoren promoted to President and CEO effective Sept 1, 2021

## Summary
- James R. Lines to retire as CEO and Board member after 37 years; effective Aug 31, 2021.
- Dan Thoren, current President & COO, appointed President and CEO effective Sept 1, 2021.
- Thoren receives $400k base salary and $730k retention bonus if employed through June 1, 2023.
- Bonus target raised to 100% of salary; LTI percentage raised to 100%.
- Thoren previously led Barber-Nichols (acquired June 2021); owns 74.7% of ASC, leasing equipment to Graham.

## SEC filing metadata
- accession: 0001193125-21-243534
- form_type: 8-K
- ticker: GHM
- cik: 0000716314
- company_name: GRAHAM CORP
- filed_at: 2021-08-11T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/716314/000119312521243534/0001193125-21-243534-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/716314/000119312521243534/d319302d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-243534
- JSON: https://secwatch.observer/filing/0001193125-21-243534.json
- Plain text: https://secwatch.observer/filing/0001193125-21-243534.txt

## Key facts
- Executive change
  Daniel Thoren was appointed as President and Chief Executive Officer at GRAHAM CORP.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: Pursuant to the terms of the Restated Employment Agreement, Mr. Thoren will become the Company's President and Chief Executive Officer effective as of the close of business on August 31, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/716314/000119312521243534/0001193125-21-243534-index.htm

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