---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-017850"
form_type: "8-K"
ticker: null
cik: "0000743238"
company_name: "SHYFT GROUP, INC."
filed_at: "2025-05-20T23:59:59+00:00"
generated_at: "2026-05-21T00:46:40.302925+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Shyft Group's Chief Legal Officer to resign after merger; forfeits shares and retention award

## Summary
- Joshua Sherbin will resign for 'good reason' upon merger closing, receiving severance under the Executive Severance Plan.
- Sherbin forfeits 90,167 restricted shares and $1.6M cash retention award, offset against severance payments.
- If merger does not close by Dec 31, 2025 and no termination occurs, the Transition Agreement becomes null and void.
- Agreement includes mutual non-disparagement, standard release of claims, and continued restrictive covenant compliance.
- Company retains right to terminate Sherbin with or without Cause prior to closing under specified conditions.

## SEC filing metadata
- accession: 0001437749-25-017850
- form_type: 8-K
- cik: 0000743238
- company_name: SHYFT GROUP, INC.
- filed_at: 2025-05-20T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/743238/000143774925017850/0001437749-25-017850-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/743238/000143774925017850/shyf20250520_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-017850
- JSON: https://secwatch.observer/filing/0001437749-25-017850.json
- Plain text: https://secwatch.observer/filing/0001437749-25-017850.txt

## Key facts
- Executive change
  Joshua Sherbin resigned as Chief Legal, Administrative and Compliance Officer and Corporate Secretary at SHYFT GROUP, INC..
  - Action: resigned
  - Role: Chief Legal, Administrative and Compliance Officer and Corporate Secretary
  source text: Mr. Joshua Sherbin, the Company’s Chief Legal, Administrative and Compliance Officer and Corporate Secretary, has informed Shyft’s board of directors and Aebi Schmidt that if the Merger is consummated, Mr. Sherbin intends to resign his employment for “good reason”
  evidence_url: https://www.sec.gov/Archives/edgar/data/743238/000143774925017850/0001437749-25-017850-index.htm

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