CVG appoints James R. Ray as President and CEO, effective Dec 20, 2023

Commercial Vehicle Group, Inc.

James R. Ray appointed President and CEO; interim CEO Robert Griffin remains Chairman.
Mr. Ray receives $900K base salary, 100% target bonus, $230K relocation cash, $3.5K legal fees.
Equity grant of $1.44M in restricted stock (3-year vest) and $1.76M performance shares expected March 2024.
Mr. Ray brings experience from Stanley Black & Decker, TE Connectivity, and GM; has served on CVG board since March 2020.
CEO search led by Heidrick & Struggles; transition reflects planned succession process.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

James R. Ray

President and Chief Executive Officer

CVGI · Commercial Vehicle Group, Inc.

Effective: 2023-12-20
Filed: December 11, 2023, 6:59 PM ET

On December 8, 2023, the Board of Directors (the “Board”) of Commercial Vehicle Group, Inc. (the “Company”) appointed James R. Ray as President and Chief Executive Officer of the Company, effective December 20, 2023.

Departed (interim)

Robert C. Griffin

interim President and Chief Executive Officer

CVGI · Commercial Vehicle Group, Inc.

Effective: 2023-12-20
Successor: James R. Ray
Filed: December 11, 2023, 6:59 PM ET

Following Mr. Ray’s appointment, Mr. Ray will continue to serve as a member of the Board and Robert C. Griffin will step down as the Company’s interim President and Chief Executive Officer and will continue to serve as Chairman of the Board.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

James R. Ray was appointed as President and Chief Executive Officer at Commercial Vehicle Group, Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On December 8, 2023, the Board of Directors (the “Board”) of Commercial Vehicle Group, Inc. (the “Company”) appointed James R. Ray as President and Chief Executive Officer of the Company, effective December 20, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert C. Griffin departed as interim President and Chief Executive Officer at Commercial Vehicle Group, Inc..

Action: stepped down
Role: interim President and Chief Executive Officer

Exact text from the filing

Following Mr. Ray’s appointment, Mr. Ray will continue to serve as a member of the Board and Robert C. Griffin will step down as the Company’s interim President and Chief Executive Officer and will continue to serve as Chairman of the Board.

View on SEC.gov

Commercial Vehicle Group, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-041193

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