Watts Water reduces Munish Nanda's salary ahead of planned retirement in May 2023

WATTS WATER TECHNOLOGIES INC

Mr. Nanda stepped down as President of Americas & Europe on Aug 15; continues in transition role.
Effective Oct 1, 2022: annual salary cut from $548,500 to $274,250; target bonus halved to 32.5%.
Starting Jan 1, 2023: salary drops to $10,000/month; no bonus, no auto allowance; financial planning allowance limited to 2022.
Planned retirement from Watts Water in May 2023.

item 5.02

Executive movements

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Role change

Munish Nanda

President of the Americas & Europe

WTS · WATTS WATER TECHNOLOGIES INC

Effective: 2022-08-15
Filed: October 3, 2022, 7:59 PM ET

Munish Nanda stepped down as President of the Americas & Europe of the Company.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Munish Nanda changed role as President of the Americas & Europe at WATTS WATER TECHNOLOGIES INC.

Action: stepped down
Role: President of the Americas & Europe

Exact text from the filing

Munish Nanda stepped down as President of the Americas & Europe of the Company.

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WATTS WATER TECHNOLOGIES INC filing history →

Source: SEC EDGAR

accession 0001558370-22-014779

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