---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-030702"
form_type: "8-K"
ticker: "ARTW"
cik: "0000007623"
company_name: "ARTS WAY MANUFACTURING CO INC"
filed_at: "2024-10-04T23:59:59+00:00"
generated_at: "2026-05-30T20:57:38.270610+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Art’s-Way Manufacturing CEO David King Departs; Chairman Marc McConnell Appointed President and CEO

## Summary
- David King’s employment terminated mutually effective Oct 1, 2024; severance includes 12 weeks salary.
- Marc McConnell, chairman since April 2015, appointed President and CEO effective Oct 4, 2024.
- Q3 fiscal 2024 sales fell 27.6% to $5.876M; net income just $2K vs $241K year ago.
- Nine-month net loss was $427K vs net income $921K prior year; agricultural segment sales down 32.1%.
- Modular Buildings segment sales up 11.6% in Q3 driven by large research projects.

## SEC filing metadata
- accession: 0001437749-24-030702
- form_type: 8-K
- ticker: ARTW
- cik: 0000007623
- company_name: ARTS WAY MANUFACTURING CO INC
- filed_at: 2024-10-04T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/7623/000143774924030702/0001437749-24-030702-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/7623/000143774924030702/artw20241004_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-030702
- JSON: https://secwatch.observer/filing/0001437749-24-030702.json
- Plain text: https://secwatch.observer/filing/0001437749-24-030702.txt

## Key facts
- Executive change
  David A. King resigned as Chief Executive Officer at ARTS WAY MANUFACTURING CO INC.
  - Action: resigned
  - Role: Chief Executive Officer
  source text: On October 1, 2024, Art’s-Way Manufacturing Co., Inc. (the “Company”) and David A. King, the Company’s Chief Executive Officer since 2020, mutually agreed to terminate Mr. King’s employment agreement and employment with the Company effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/7623/000143774924030702/0001437749-24-030702-index.htm
- Executive change
  Marc H. McConnell was appointed as President and Chief Executive Officer at ARTS WAY MANUFACTURING CO INC.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: On October 4, 2024, the Company’s Board of Directors appointed Marc H. McConnell, Chairman of the Company’s Board of Directors, to serve as President and Chief Executive Officer, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/7623/000143774924030702/0001437749-24-030702-index.htm

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