secwatch.observer — SEC 8-K summary
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Issuer:     Kimball Electronics, Inc. (KE)
CIK:        0001606757
Form:       8-K
Filed at:   2023-01-10T23:59:59+00:00
Accession:  0001606757-23-000003
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kimball Electronics CEO Don Charron to retire Feb 28, 2023; Ric Phillips named CEO
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- Don Charron, Chairman and CEO since 2014 spin-off, to retire Feb 28, 2023; departure not due to any disagreement.
- Ric Phillips, former CEO of Elkay Manufacturing and Essendant, appointed CEO and director effective March 1, 2023.
- Phillips receives $850K base salary, target cash incentive of 100% of base, and performance/restricted share awards.
- Lead Independent Director Bob Phillippy elected non-executive Chairperson effective March 1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1606757/000160675723000003/0001606757-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1606757/000160675723000003/ke-20230104.htm
  HTML page:      https://secwatch.observer/filing/0001606757-23-000003

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