secwatch.observer — SEC 8-K summary
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Issuer:     EnerSys (ENS)
CIK:        0001289308
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001289308-24-000039
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EnerSys CEO David Shaffer to retire May 2025; Shawn O'Connell named successor
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- David Shaffer to retire as CEO effective May 22, 2025; will continue in role until then.
- Shawn O'Connell appointed President and COO immediately; to become CEO and board member on May 23, 2025.
- O'Connell's base salary increased to $700k; receives $500k RSU and $500k option awards; bonus target raised to 85%.
- O'Connell previously led Energy Systems Global, driving $50M annual cost reduction and 20% earnings growth at Motive Power.
- Board Chair cites Shaffer's transformation of EnerSys from lead-acid to global energy systems leader with 35% revenue growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289308/000128930824000039/0001289308-24-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289308/000128930824000039/ens-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001289308-24-000039

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