---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-022619"
form_type: "8-K"
ticker: "TWIN"
cik: "0000100378"
company_name: "TWIN DISC INC"
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T21:07:02.260240+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Twin Disc sets FY2024 pay for CEO Batten ($684,684) and CFO Knutson ($403,239); restricted stock grants approved

## Summary
- Base salaries for CEO Batten and CFO Knutson increased 4.5%, effective Oct 1, 2023.
- Batten target bonus 85% of base ($581,981), Knutson target 55% ($221,781); CIP weighted on EBITDA, sales, inventory.
- Batten awarded 32,933 restricted shares (vest 3 yrs); Knutson 16,170 restricted shares.
- Batten target performance shares 49,399 (max 147,308); Knutson target 24,255; based on avg ROIC (50%) and cumulative EBITDA (50%).
- Amendment to Batten's 2022 RSU award: service-based vesting ends June 30, 2025 (vs. 3 yrs from grant date).

## SEC filing metadata
- accession: 0001437749-23-022619
- form_type: 8-K
- ticker: TWIN
- cik: 0000100378
- company_name: TWIN DISC INC
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/100378/000143774923022619/0001437749-23-022619-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100378/000143774923022619/twin20230808_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-022619
- JSON: https://secwatch.observer/filing/0001437749-23-022619.json
- Plain text: https://secwatch.observer/filing/0001437749-23-022619.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.