Appoints Craig Nichols as SVP Operations & Supply Chain, base $415K, LTI $500K

Mayville Engineering Company, Inc.

Appointment effective March 10, 2025; Nichols reports to CEO Jag Reddy and leads operations and supply chain.
Base salary $415,000; target annual bonus 60% of base (prorated); LTI grant target value $500,000 per year.
Sign-on bonus $150,000 subject to clawback if Nichols voluntarily leaves or is terminated for cause before March 10, 2027.
Previously VP Drive System Operations at Dana Inc.; over 30 years of global manufacturing and operations experience.
Severance agreement provides lump sum of 1x base + target bonus (non-CIC); change-in-control agreement provides 2x base + bonus post-CIC.

item 5.02 item 9.01

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Appointed

Craig D. Nichols

Senior Vice President Operations and Supply Chain

MEC · Mayville Engineering Company, Inc.

Effective: 2025-03-10
Filed: March 11, 2025, 7:59 PM ET

On March 10, 2025, Mayville Engineering Company, Inc. (the “Company”) announced the appointment of Craig D. Nichols as the Company’s Senior Vice President Operations and Supply Chain effective March 10, 2025.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Craig D. Nichols was appointed as Senior Vice President Operations and Supply Chain at Mayville Engineering Company, Inc..

Action: appointed
Role: Senior Vice President Operations and Supply Chain

Exact text from the filing

On March 10, 2025, Mayville Engineering Company, Inc. (the “Company”) announced the appointment of Craig D. Nichols as the Company’s Senior Vice President Operations and Supply Chain effective March 10, 2025.

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Mayville Engineering Company, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-25-002609

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