secwatch.observer — SEC 8-K summary
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Issuer:     SCOTTS MIRACLE-GRO CO (SMG)
CIK:        0000825542
Form:       8-K
Filed at:   2023-08-28T23:59:59+00:00
Accession:  0001443984-23-000230
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scotts Miracle-Gro appoints Nate Baxter as COO; Mike Lukemire to remain President until retirement in fiscal 2024
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- Mike Lukemire steps down as COO on Sept 3, 2023, will retain President role until retirement in fiscal 2024.
- Nate Baxter appointed EVP & COO effective Sept 4, 2023, reporting to Lukemire for transition mentorship.
- Baxter receives $950,000 base salary, 125% target incentive, and $1.5M RSU grant vesting in 3 years.
- Baxter previously President of Tokyo Electron U.S. Holdings and a general partner of Hagedorn Partnership (largest shareholder).
- Lukemire, 65, has been with the company for nearly 28 years, serving as President since Feb 2016 and COO since Jan 2015.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/825542/000144398423000230/0001443984-23-000230-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/825542/000144398423000230/smg-20230828.htm
  HTML page:      https://secwatch.observer/filing/0001443984-23-000230

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