---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-411320"
form_type: "8-K"
ticker: "GRC"
cik: "0000042682"
company_name: "GORMAN RUPP CO"
filed_at: "2026-10-02T12:39:28+00:00"
generated_at: "2026-10-12T14:32:33.895555+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Gorman-Rupp signs change-of-control severance pacts with CEO King, GC Burnell, CFO Stoops

## Summary
- CEO Scott A. King gets 3x annual base salary plus Prior Bonus Amount plus prorated annual bonus; other officers, including CFO Ronald F. Stoops and GC Brigette A. Burnell, get 2x.
- Benefits trigger on termination without Cause or for Good Reason within two years after a Change of Control, or within six months prior and primarily in anticipation of one.
- Executives also receive a lump sum of 18 months of COBRA medical premiums and a payment for 24 additional months of credited retirement-plan service.
- Equity: full vesting of time-based awards; performance awards pay at actual or target performance; a 280G 'best pay' cutback applies with no tax gross-up; benefits require a signed release.
- Agreements dated October 1, 2026 run one year with automatic one-year evergreen renewals absent notice; filed as Exhibits 10.1 and 10.2.

## SEC filing metadata
- accession: 0001193125-26-411320
- form_type: 8-K
- ticker: GRC
- cik: 0000042682
- company_name: GORMAN RUPP CO
- filed_at: 2026-10-02T12:39:28+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/42682/000119312526411320/0001193125-26-411320-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/42682/000119312526411320/grc-20261001.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-411320
- JSON: https://secwatch.observer/filing/0001193125-26-411320.json
- Plain text: https://secwatch.observer/filing/0001193125-26-411320.txt

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