secwatch / observer
8-K filed August 8, 2022, 7:59 PM ET ticker TWIN CIK 0000100378
leadership confidence high sentiment neutral materiality 0.60

Twin Disc appoints Kevin Olsen to board; CEO, CFO get salary increases, new equity awards

TWIN DISC INC

item 5.02item 9.01

Executive movements

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

Departed

David B. Rayburn

Director
TWIN · TWIN DISC INC
Successor
Michael C. Smiley
Filed
August 8, 2022, 7:59 PM ET
On August 4, 2022, David B. Rayburn announced his intention to retire from the Board, effective after the Company’s 2022 Annual Meeting of Shareholders.
Appointed

Kevin Olsen

Director
TWIN · TWIN DISC INC
Effective
2022-08-04
Filed
August 8, 2022, 7:59 PM ET
On August 4, 2022, the Board of Directors (the “Board”) of Twin Disc, Incorporated (the “Company”) increased the size of the Board from eight to nine, and appointed Kevin Olsen as a member of the Board to fill the vacancy created by the expansion of the Board.
Appointed

Michael C. Smiley

Chairman of the Board
TWIN · TWIN DISC INC
Filed
August 8, 2022, 7:59 PM ET
The Board intends to appoint Michael C. Smiley as the new Chairman of the Board after Mr. Rayburn’s retirement.
Departed

Harold M. Stratton II

Director
TWIN · TWIN DISC INC
Filed
August 8, 2022, 7:59 PM ET
In addition, Harold M. Stratton II will not be nominated for another term to the Company’s Board, and his term on the Board will end as of the Company’s 2022 Annual Meeting of Shareholders.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

David B. Rayburn retired as Director at TWIN DISC INC.

Action
retired
Role
Director
Exact text from the filing
On August 4, 2022, David B. Rayburn announced his intention to retire from the Board, effective after the Company’s 2022 Annual Meeting of Shareholders.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 1.0

Kevin Olsen was appointed as Director at TWIN DISC INC.

Action
appointed
Role
Director
Exact text from the filing
On August 4, 2022, the Board of Directors (the “Board”) of Twin Disc, Incorporated (the “Company”) increased the size of the Board from eight to nine, and appointed Kevin Olsen as a member of the Board to fill the vacancy created by the expansion of the Board.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 1.0

Michael C. Smiley was appointed as Chairman of the Board at TWIN DISC INC.

Action
appointed
Role
Chairman of the Board
Exact text from the filing
The Board intends to appoint Michael C. Smiley as the new Chairman of the Board after Mr. Rayburn’s retirement.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 1.0

Harold M. Stratton II departed as Director at TWIN DISC INC.

Action
not nominated
Role
Director
Exact text from the filing
In addition, Harold M. Stratton II will not be nominated for another term to the Company’s Board, and his term on the Board will end as of the Company’s 2022 Annual Meeting of Shareholders.
View on SEC.gov

TWIN DISC INC filing history →

Source: SEC EDGAR
accession 0001437749-22-019413
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