secwatch.observer — SEC 8-K summary
======================================

Issuer:     FULLER H B CO (FUL)
CIK:        0000039368
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001437749-24-002184
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

H.B. Fuller adds EBITDA margin to STIP, raises CEO base salary to $1 million
----------------------------------------------------------------------------

- CEO Celeste Mastin's base salary increased 5% to $1,000,000 effective Feb 1, 2024.
- LTIP target value raised from 375% to 550% of base salary; STIP target now 125% (from 120%).
- STIP metrics revised: EBITDA margin added (25% weight); EBITDA and net revenue weights reduced to 25% each; EPS weight to 25%.
- SVP International Growth metrics: EPS 35%, IGM EBITDA margin 25%, IGM EBITDA 20%, IGM revenue 20%.
- Changes effective for 2024 fiscal year incentive awards.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39368/000143774924002184/0001437749-24-002184-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39368/000143774924002184/ful20240124_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-002184

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