EnerSys names Shawn O'Connell CEO; Shaffer retires with continued equity vesting

EnerSys

David Shaffer retired as CEO and board member effective May 22, 2025; Shawn O'Connell appointed President and CEO May 23.
O'Connell receives $950k base salary, 115% MIP target, and enhanced severance (2x base+target bonus, 2 yr COBRA).
Former CEO Shaffer enters retirement agreement: equity awards continue vesting, receives FY2025 MIP and pro-rata FY2026 MIP, company vehicle.
CFO Andrea Funk granted $1.5M in RSUs vesting quarterly over 4 years to align compensation with performance.
O'Connell's appointment fills vacancy; no disclosure of any familial or other interests requiring disclosure.

item 5.02item 9.01

Executive movements

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

Appointed

Shawn M. O'Connell

President and Chief Executive Officer

ENS · EnerSys

Effective: 2025-05-23
Filed: May 23, 2025 23:59 UTC

effective on May 23, 2025, Shawn M. O’Connell has been appointed as President and Chief Executive Officer of EnerSys and as a Class III director of the Board of Directors

Departed

David M. Shaffer

Chief Executive Officer

ENS · EnerSys

Effective: 2025-05-22
Successor: Shawn M. O'Connell
Filed: May 23, 2025 23:59 UTC

effective on May 22, 2025, David M. Shaffer retired as Chief Executive Officer of EnerSys and a member of its Board of Directors

Source: SEC EDGAR

accession 0001289308-25-000020

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