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 5.02 item 9.01

Executive movements

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Appointed

Shawn M. O'Connell

President and Chief Executive Officer

ENS · EnerSys

Effective: 2025-05-23
Filed: May 23, 2025, 7:59 PM ET

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, 7:59 PM ET

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

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Shawn M. O'Connell was appointed as President and Chief Executive Officer at EnerSys.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

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

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David M. Shaffer retired as Chief Executive Officer at EnerSys.

Action: retired
Role: Chief Executive Officer

Exact text from the filing

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

View on SEC.gov

EnerSys filing history →

Source: SEC EDGAR

accession 0001289308-25-000020

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