secwatch.observer — SEC 8-K summary
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Issuer:     EnerSys (ENS)
CIK:        0001289308
Form:       8-K
Filed at:   2025-05-23T23:59:59+00:00
Accession:  0001289308-25-000020
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289308/000128930825000020/0001289308-25-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289308/000128930825000020/ens-20250523.htm
  HTML page:      https://secwatch.observer/filing/0001289308-25-000020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer