8-K filed May 17, 2024, 7:59 PM ET ticker PLOW CIK 0001287213

leadership confidence high sentiment neutral materiality 0.70

Douglas Dynamics CEO Bob McCormick retiring July 8; Chairman Janik to serve as Interim CEO

DOUGLAS DYNAMICS, INC

McCormick retires after 20 years; will consult through Dec 2024.
James Janik named Executive Chairman then Interim President/CEO effective July 8.
Janik receives $750K base salary and $865K RSU grant; CFO Lauber gets $1M RSU.
Board to reduce size from 7 to 6 after McCormick's departure.
Company evaluating internal/external candidates for permanent CEO.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Robert McCormick

President and Chief Executive Officer

PLOW · DOUGLAS DYNAMICS, INC

Effective: 2024-07-08
Successor: James L. Janik
Filed: May 17, 2024, 7:59 PM ET

On May 15, 2024, Robert (Bob) McCormick indicated his intent to retire as the President and Chief Executive Officer of Douglas Dynamics, Inc. (the “ Company ”), effective as of July 8, 2024 (the “ Retirement Date ”).

Appointed

James L. Janik

Executive Chairman

PLOW · DOUGLAS DYNAMICS, INC

Effective: 2024-05-16
Filed: May 17, 2024, 7:59 PM ET

The Company has announced the election of James L. Janik, current Chairman of the Board and the former President, Chief Executive Officer and Executive Chairman of the Company, to serve as Executive Chairman from May 16, 2024 through the Retirement Date

Departed

Robert McCormick

Director

PLOW · DOUGLAS DYNAMICS, INC

Effective: 2024-07-08
Filed: May 17, 2024, 7:59 PM ET

Effective as of the Retirement Date, Mr. McCormick will also retire from the Company’s Board of Directors (the “ Board ”).

Appointed (interim)

James L. Janik

Interim President and Chief Executive Officer

PLOW · DOUGLAS DYNAMICS, INC

Effective: 2024-07-08
Filed: May 17, 2024, 7:59 PM ET

after which Mr. Janik will serve as elected by the Board as the Company’s Interim President and Chief Executive Officer

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert McCormick retired as President and Chief Executive Officer at DOUGLAS DYNAMICS, INC.

Action: retired
Role: President and Chief Executive Officer

Exact text from the filing

On May 15, 2024, Robert (Bob) McCormick indicated his intent to retire as the President and Chief Executive Officer of Douglas Dynamics, Inc. (the “ Company ”), effective as of July 8, 2024 (the “ Retirement Date ”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

James L. Janik was elected as Executive Chairman at DOUGLAS DYNAMICS, INC.

Action: elected
Role: Executive Chairman

Exact text from the filing

The Company has announced the election of James L. Janik, current Chairman of the Board and the former President, Chief Executive Officer and Executive Chairman of the Company, to serve as Executive Chairman from May 16, 2024 through the Retirement Date

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert McCormick retired as Director at DOUGLAS DYNAMICS, INC.

Action: retired
Role: Director

Exact text from the filing

Effective as of the Retirement Date, Mr. McCormick will also retire from the Company’s Board of Directors (the “ Board ”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

James L. Janik was appointed as Interim President and Chief Executive Officer at DOUGLAS DYNAMICS, INC.

Action: appointed
Role: Interim President and Chief Executive Officer

Exact text from the filing

after which Mr. Janik will serve as elected by the Board as the Company’s Interim President and Chief Executive Officer

View on SEC.gov

DOUGLAS DYNAMICS, INC filing history →

Source: SEC EDGAR

accession 0001437749-24-017476

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