JELD-WEN CEO Gary Michel resigns; Kevin Lilly interim CEO, David Nord chair

JELD-WEN Holding, Inc.

CEO Gary S. Michel resigned Aug 3, 2022; receives $90,411 notice pay, 18-month COBRA, $175,000 cash for prorated RSUs.
Kevin C. Lilly (EVP/CIO) appointed Interim CEO; base salary $450k, annual stipend $475k, target bonus 110% of base+stipend.
Independent director David G. Nord elected non-executive Chair; Board reduced to 7 directors.
Board initiates comprehensive search for permanent CEO, considering internal and external candidates.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Gary S. Michel

Chair and Chief Executive Officer

JELD · JELD-WEN Holding, Inc.

Effective: 2022-08-03
Successor: Kevin C. Lilly
Filed: August 5, 2022, 7:59 PM ET

the resignation of Gary S. Michel as Chair and CEO, effective August 3, 2022

Appointed

David Nord

non-executive Chair

JELD · JELD-WEN Holding, Inc.

Filed: August 5, 2022, 7:59 PM ET

David Nord, who is currently an independent director, has been elected to serve as the non-executive Chair of the Board.

Appointed (interim)

Kevin C. Lilly

Interim Chief Executive Officer

JELD · JELD-WEN Holding, Inc.

Filed: August 5, 2022, 7:59 PM ET

the appointment of Kevin C. Lilly as Interim CEO

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Gary S. Michel resigned as Chair and Chief Executive Officer at JELD-WEN Holding, Inc..

Action: resigned
Role: Chair and Chief Executive Officer

Exact text from the filing

the resignation of Gary S. Michel as Chair and CEO, effective August 3, 2022

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

David Nord was elected as non-executive Chair at JELD-WEN Holding, Inc..

Action: elected
Role: non-executive Chair

Exact text from the filing

David Nord, who is currently an independent director, has been elected to serve as the non-executive Chair of the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kevin C. Lilly was appointed as Interim Chief Executive Officer at JELD-WEN Holding, Inc..

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

the appointment of Kevin C. Lilly as Interim CEO

View on SEC.gov

JELD-WEN Holding, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-213069

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