secwatch.observer — SEC 8-K summary
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Issuer:     Mueller Water Products, Inc. (MWA)
CIK:        0001350593
Form:       8-K
Filed at:   2026-10-13T11:04:44+00:00
Accession:  0001350593-26-000038
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Mueller Water names Mike Morgan CFO; Melissa Rasmussen exits after FY2026 10-K
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- Rasmussen steps down as SVP/CFO effective the first business day after the FY2026 Form 10-K is filed (expected ~Nov 19, 2026); no disagreement with the company cited.
- Mike Morgan named EVP, Finance effective Oct 28, 2026, then EVP/CFO at the transition; he was CFO of Indicor/IvyTree and a Labcorp (LH) SVP of Enterprise Finance.
- Morgan terms: $575,000 base salary, 80% target bonus, $1.3M target long-term incentive starting FY2027, $500,000 initial equity award, $700,000 cash sign-on bonus.
- Rasmussen receives a $431,897 retention payment, FY2026 bonus based on actual performance, and severance under the Executive Severance Plan; advisory role through Dec 31, 2026 at current salary.
- Morgan also gets a $100,000 annual commuter benefit; severance is 2.0x base salary, or 2.0x salary plus target bonus with full equity vesting if terminated within two years of a change in control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1350593/000135059326000038/0001350593-26-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1350593/000135059326000038/mwa-20261012.htm
  HTML page:      https://secwatch.observer/filing/0001350593-26-000038

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