Shyft Group appoints John Dunn as President and CEO; Daryl Adams transitions to advisor

SHYFT GROUP, INC.

John Dunn, previously President of Fleet Vehicles and Services, becomes CEO effective Oct. 26, 2023.
Daryl Adams steps down as CEO and from the Board; will serve as special advisor for six months.
Dunn receives base salary of $780,000, target cash incentive of 100% of base, and $780,000 PSU award.
Adams' departure is part of a planned succession disclosed in a June 2023 transition agreement.
Dunn also joins the Board of Directors; no committees assigned.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Daryl Adams

President and Chief Executive Officer

SHYFT GROUP, INC.

Effective: 2023-10-26
Successor: John Dunn
Filed: October 26, 2023, 7:59 PM ET

on October 26, 2023, Mr. Adams will cease serving in the role of President and Chief Executive Officer of the Company

Appointed

John Dunn

President and Chief Executive Officer

SHYFT GROUP, INC.

Effective: 2023-10-26
Filed: October 26, 2023, 7:59 PM ET

the Board of Directors (the “Board”) of The Shyft Group, Inc. (the “Company” or “Shyft”) appointed Mr. John Dunn, the Company’s current President, Fleet Vehicles and Services, as the new President and Chief Executive Officer (“CEO”) of the Company and as a member of the Board, effective October 26, 2023

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Daryl Adams resigned as President and Chief Executive Officer at SHYFT GROUP, INC..

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

on October 26, 2023, Mr. Adams will cease serving in the role of President and Chief Executive Officer of the Company

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John Dunn was appointed as President and Chief Executive Officer at SHYFT GROUP, INC..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

the Board of Directors (the “Board”) of The Shyft Group, Inc. (the “Company” or “Shyft”) appointed Mr. John Dunn, the Company’s current President, Fleet Vehicles and Services, as the new President and Chief Executive Officer (“CEO”) of the Company and as a member of the Board, effective October 26, 2023

View on SEC.gov

Source: SEC EDGAR

accession 0001437749-23-029095

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