secwatch.observer — SEC 8-K summary
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Issuer:     FULLER H B CO (FUL)
CIK:        0000039368
Form:       8-K
Filed at:   2022-09-26T23:59:59+00:00
Accession:  0001437749-22-023068
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Celeste Mastin appointed H.B. Fuller President & CEO effective Dec. 4, succeeding Jim Owens
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- Jim Owens retires as President and CEO effective Dec 3, 2022; will assist transition through Dec 31.
- Celeste Mastin, currently EVP & COO, becomes President and CEO on Dec 4, 2022, and joins the Board.
- Mastin receives $950K base salary, target STI of 120% of base, max 240%, and LTI valued at 375% of base ($3.56M).
- Owens led H.B. Fuller for 12 years, tripling revenue and market value, shifting portfolio to electronics, solar, EV.
- Succession follows multi-year planning process; Mastin previously CEO of PetroChoice and other industrial firms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39368/000143774922023068/0001437749-22-023068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39368/000143774922023068/ful20220925_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-023068

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