---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-029095"
form_type: "8-K"
ticker: null
cik: "0000743238"
company_name: "SHYFT GROUP, INC."
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T09:11:18.530840+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-029095
- form_type: 8-K
- cik: 0000743238
- company_name: SHYFT GROUP, INC.
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/743238/000143774923029095/0001437749-23-029095-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/743238/000143774923029095/shyf20231025c_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-029095
- JSON: https://secwatch.observer/filing/0001437749-23-029095.json
- Plain text: https://secwatch.observer/filing/0001437749-23-029095.txt

## Key facts
- Executive change
  Daryl Adams resigned as President and Chief Executive Officer at SHYFT GROUP, INC..
  - Action: resigned
  - Role: President and Chief Executive Officer
  source text: on October 26, 2023, Mr. Adams will cease serving in the role of President and Chief Executive Officer of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/743238/000143774923029095/0001437749-23-029095-index.htm
- Executive change
  John Dunn was appointed as President and Chief Executive Officer at SHYFT GROUP, INC..
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/743238/000143774923029095/0001437749-23-029095-index.htm

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