American Vanguard CEO Eric Wintemute to retire; successor search by Dec 31, 2024

AMERICAN VANGUARD CORP

Eric Wintemute to retire as CEO; successor search by Kincannon & Reed.
Will remain CEO until successor starts or Dec 31, 2024; Chairman through 2025 meeting.
Retirement payment of $2.3M paid over 2 years; 24 months COBRA coverage.
Unvested equity awards pro-rated; performance shares at target; options remain exercisable.
Wintemute served 47 years, 30 as CEO; guided growth from $1.5M to $600M revenue.

item 5.02 item 8.01 item 9.01

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Departed

Eric Wintemute

Chief Executive Officer

AVD · AMERICAN VANGUARD CORP

Filed: July 9, 2024, 7:59 PM ET

Effective as of July 3, 2024, American Vanguard Corporation (the “Company” or “Registrant”) and Eric Wintemute, the Company’s Chairman and CEO, entered into a Transition Agreement, which set forth the terms and conditions of Mr. Wintemute’s retirement.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Eric Wintemute retired as Chief Executive Officer at AMERICAN VANGUARD CORP.

Action: retired
Role: Chief Executive Officer

Exact text from the filing

Effective as of July 3, 2024, American Vanguard Corporation (the “Company” or “Registrant”) and Eric Wintemute, the Company’s Chairman and CEO, entered into a Transition Agreement, which set forth the terms and conditions of Mr. Wintemute’s retirement.

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AMERICAN VANGUARD CORP filing history →

Source: SEC EDGAR

accession 0001193125-24-176729

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