---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-312925"
form_type: "8-K"
ticker: "GRC"
cik: "0000042682"
company_name: "GORMAN RUPP CO"
filed_at: "2021-10-29T23:59:59+00:00"
generated_at: "2026-06-28T16:22:09.855153+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Gorman-Rupp Q3 EPS $0.34, sales up 14.8%; CEO transition to King; dividend raised 9.7%, $50M buyback

## Summary
- Q3 EPS $0.34 vs $0.28; net sales $102.1M (+14.8% YoY); backlog $156.5M (up from $102.0M a year ago).
- Scott King promoted to CEO effective Jan 1, 2022; Jeffrey Gorman becomes Executive Chairman.
- Quarterly dividend raised 9.7% to $0.17/share (payable Dec 10, record Nov 15); 49th consecutive annual increase.
- Board authorized $50M share repurchase program with no expiration.

## SEC filing metadata
- accession: 0001193125-21-312925
- form_type: 8-K
- ticker: GRC
- cik: 0000042682
- company_name: GORMAN RUPP CO
- filed_at: 2021-10-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/42682/000119312521312925/0001193125-21-312925-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/42682/000119312521312925/d223327d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-312925
- JSON: https://secwatch.observer/filing/0001193125-21-312925.json
- Plain text: https://secwatch.observer/filing/0001193125-21-312925.txt

## Key facts
- Executive change
  Jeffrey S. Gorman was appointed as Executive Chairman of the Board at GORMAN RUPP CO.
  - Action: appointed
  - Role: Executive Chairman of the Board
  source text: Mr. Gorman will serve as the Company’s Executive Chairman of the Board and will continue to be actively involved
  evidence_url: https://www.sec.gov/Archives/edgar/data/42682/000119312521312925/0001193125-21-312925-index.htm
- Executive change
  Scott A. King was appointed as Chief Executive Officer at GORMAN RUPP CO.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: the role of Chief Executive Officer will transition from Jeffrey S. Gorman to Scott A. King
  evidence_url: https://www.sec.gov/Archives/edgar/data/42682/000119312521312925/0001193125-21-312925-index.htm

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