CEO David Meyer to become Executive Chairman; Bryan Knutson to succeed as CEO effective Feb 1, 2024

Titan Machinery Inc.

David Meyer, founder and CEO since 1980, transitions to Executive Chairman effective Feb 1, 2024.
Bryan Knutson (President/COO) becomes President and CEO; he has been with Titan since 2002.
Knutson receives base salary $575k, target bonus 100% of base, equity awards equal to base salary.
Meyer retains $500k base salary as Executive Chairman; no longer eligible for bonuses or equity.
Knutson will join the Board as a Class I director effective Feb 1, 2024.

item 5.02 item 9.01

Executive movements

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

Role change

David J. Meyer

Executive Chairman

TITN · Titan Machinery Inc.

Effective: 2024-02-01
Successor: Bryan J. Knutson
Filed: October 18, 2023, 7:59 PM ET

On October 18, 2023, Titan Machinery Inc. (the “Company”) announced the implementation of a leadership transition plan whereby David J. Meyer, the Company’s current Chief Executive Officer, will transition the role of Chief Executive Officer to Bryan J. Knutson, the Company’s current President and Chief Operating Officer, effective February 1, 2024, and Mr. Knutson will thereafter hold the position of President and Chief Executive Officer.

Appointed

Bryan J. Knutson

director

TITN · Titan Machinery Inc.

Effective: 2024-02-01
Filed: October 18, 2023, 7:59 PM ET

the Board voted to increase in the size of the Board from seven directors to eight directors and elected Mr. Knutson as a director of the Company, in each case effective as of February 1, 2024.

Role change

Bryan J. Knutson

President and Chief Executive Officer

TITN · Titan Machinery Inc.

Effective: 2024-02-01
Filed: October 18, 2023, 7:59 PM ET

Mr. Knutson will thereafter hold the position of President and Chief Executive Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

David J. Meyer changed role as Executive Chairman at Titan Machinery Inc..

Action: transitions
Role: Executive Chairman

Exact text from the filing

On October 18, 2023, Titan Machinery Inc. (the “Company”) announced the implementation of a leadership transition plan whereby David J. Meyer, the Company’s current Chief Executive Officer, will transition the role of Chief Executive Officer to Bryan J. Knutson, the Company’s current President and Chief Operating Officer, effective February 1, 2024, and Mr. Knutson will thereafter hold the position of President and Chief Executive Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Bryan J. Knutson was elected as director at Titan Machinery Inc..

Action: elected
Role: director

Exact text from the filing

the Board voted to increase in the size of the Board from seven directors to eight directors and elected Mr. Knutson as a director of the Company, in each case effective as of February 1, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Bryan J. Knutson was appointed as President and Chief Executive Officer at Titan Machinery Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

Mr. Knutson will thereafter hold the position of President and Chief Executive Officer.

View on SEC.gov

Titan Machinery Inc. filing history →

Source: SEC EDGAR

accession 0001409171-23-000073

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