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AAON, INC. — fact timeline

Source-grounded facts extracted from AAON, INC.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

AAON AAON, INC. JSON
Shareholder Votes

AAON, INC. shareholders approved Amendment to Articles of Incorporation to increase maximum size of Board from nine to eleven directors at the 2026-05-12 meeting.

“The voting results to approve the proposal to amend the Company's Articles of Incorporation to increase the maximum size of the Board from nine to eleven directors were as follows: For Against Abstain 72,417,102 359,357 38,856”
Shareholder Votes

AAON, INC. shareholders approved Advisory vote on frequency of say-on-pay votes at the 2026-05-12 meeting.

“The voting results to approve, on an advisory basis, the frequency of advisory votes on the compensation of our named executive officers were as follows: One Year Two Years Three Years Abstain 64,209,213 44,436 1,297,811 168,992”
Shareholder Votes

AAON, INC. shareholders approved Advisory resolution on compensation of named executive officers as set forth in the Proxy Statement at the 2026-05-12 meeting.

“The voting results to approve, on an advisory basis, a resolution on the compensation of the Company's named executive officers as set forth in the Proxy Statement were as follows: For Against Abstain Broker Non-Votes 63,496,580 2,148,606 75,266 7,094,863”
Shareholder Votes

AAON, INC. shareholders approved Ratification of selection of Grant Thornton, LLP as independent registered public accounting firm for fiscal year ending December 31, 2026 at the 2026-05-12 meeting.

“The voting results with respect to the ratification of the selection of Grant Thornton, LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026 were as follows: For Against Abstain Broker Non-Votes 71,064,229 1,692,536 58,550 —”
Shareholder Votes

AAON, INC. shareholders approved Election of Directors at the 2026-05-12 meeting.

“The voting results with respect to the election of each director were as follows: Nominees For Against Abstain Broker Non-Votes Caron A. Lawhorn 63,511,892 2,173,737 34,823 7,094,863 Stephen O. LeClair 57,224,022 8,470,311 26,119 7,094,863 David R. Stewart 63,477,854 2,206,457 36,141 7,094,863”
Earnings Releases

AAON, INC. reported the first quarter ended March 31, 2026 results: revenue $496.9 million, EPS $0.48. Guidance raised.

“unless otherwise noted) • Delivered record sales and accelerated earnings growth on strong demand and expanding production throughput ◦ Net sales grew 54.3% to a record $496.9 million ◦ Operating margins reflected early benefits from improving utilization, with margin improvement expected to build as capacity absorption improves ◦ GAAP diluted EPS increased”
Material Agreements

AAON, INC. amended Sixth Amendment with BOKF, NA dba Bank of Oklahoma, Wells Fargo Bank, National Association, Bank of America, National Association, U.S. Bank, National Association and Associated Bank, National Association valued at $600.0 million (effective 2025-12-29).

“On December 29, 2025 (the “Effective Date”), AAON, Inc., an Oklahoma corporation, AAON Coil Products, Inc., a Texas corporation, and BASX, Inc., an Oregon corporation, all wholly-owned subsidiaries of AAON, Inc., a Nevada Corporation (collectively, the "Company"), executed the Sixth Amendment (the "Amendment") to the Amended and Restated Loan Agreement (collectively, as amended, the "Amended Loan Agreement") with the following lenders: BOKF, NA dba Bank of Oklahoma, Wells Fargo Bank, National Association, Bank of America, National Association, U.S. Bank, National Association and Associated Bank, National Association (collectively, the "Lenders") with BOKF, NA as the administrative agent for the Lenders.”

Matt J. Tobolski was appointed as Class I Director at AAON, INC..

“appointed Dr. Tobolski to the newly created Class I position.”

Matt J. Tobolski was appointed as President and CEO at AAON, INC..

“Matt J. Tobolski, PhD, 41, was appointed as President and CEO, effective May 13, 2025.”

Gary D. Fields changed role as special advisor at AAON, INC..

“Gary D. Fields, Chief Executive Officer of AAON, Inc. (the “Company”), transitioned to the role of special advisor to the Board, effective May 13, 2025.”

Matt J. Tobolski was appointed as Chief Executive Officer at AAON, INC..

“Matt J. Tobolski, PhD, will assume the role of Chief Executive Officer (in addition to his current position of President), also to be effective May 13, 2025.”

Christopher Eason changed role as Principal Accounting Officer at AAON, INC..

“Christopher Eason, 43, the Company's Chief Accounting Officer since 2021, will become the Principal Accounting Officer.”

Casey Kidwell changed role as Chief Administration Officer at AAON, INC..

“Casey Kidwell, 47, the Company's Vice President of Administration since 2022, will become the Chief Administration Officer.”

Matthew Shaub was appointed as Executive Vice President of the Company & General Manager of the BASX products business unit at AAON, INC..

“Matthew Shaub, 47, has been appointed to the position of Executive Vice President of the Company & General Manager of the BASX products business unit.”

Stephen Wakefield was appointed as Executive Vice President of the Company & General Manager of the AAON products business unit at AAON, INC..

“Stephen Wakefield, 48, has been appointed to the position of Executive Vice President of the Company & General Manager of the AAON products business unit.”

Doug Wichman departed as President of AAON Coil Products at AAON, INC..

“Effective January 1, 2025, Rob Teis, Dave Benson, and Doug Wichman will each no longer serve as officers of AAON, Inc.”

Dave Benson departed as Vice President of the Company and President of BASX at AAON, INC..

“Effective January 1, 2025, Rob Teis, Dave Benson, and Doug Wichman will each no longer serve as officers of AAON, Inc.”

Rob Teis departed as other_named_officer at AAON, INC..

“Effective January 1, 2025, Rob Teis, Dave Benson, and Doug Wichman will each no longer serve as officers of AAON, Inc.”
Earnings Releases

AAON, INC. reported the first quarter of 2024 results: revenue $262.1 million, net income $39,016, EPS $0.46.

“Net sales for the first quarter of 2024 decreased 1.4% to $262.1 million from $266.0 million in the first quarter of 2023.”
Earnings Releases

AAON, INC. reported the year ended December 31, 2023 results: revenue $1,168,518, net income $177,623, EPS $2.13.

“Financial Highlights: Three Months Ended December 31, % Years Ended December 31, % 2023 2022 Change 2023 2022 Change (in thousands, except share and per share data) (in thousands, except share and per share data) GAAP Measures Net sales $ 306,638 $ 254,598 20.4 % $ 1,168,518 $ 888,788 31.5 % Gross profit $ 111,739 $ 78,541 42.3 % $ 399,020 $ 237,572 68.0 % Gross profit margin 36.4 % 30.8 % 34.1 % 26.7 % Operating income $ 63,884 $ 46,598 37.1 % $ 227,494 $ 126,761 79.5 % Operating margin 20.8 % 18.3 % 19.5 % 14.3 % Net income $ 47,049 $ 38,898 21.0 % $ 177,623 $ 100,376 77.0 % Earnings per diluted share $ 0.56 $ 0.47 19.1 % $ 2.13 $ 1.24 71.8 % Diluted average shares 83,446,051 82,211,418 1.5 % 83,295,290 81,145,610 2.6 % Non-GAAP Measures EBITDA 1 $ 77,046 $ 56,184 37.1 % $ 274,465 $ 162,266 69.1 % EBITDA margin 1 25.1 % 22.1 % 23.5 % 18.3 % Adjusted EBITDA 1 $ 77,046 $ 56,184 37.1 % $ 281,215 $ 162,266 73.3 % Adjusted EBITDA margin 1 25.1 % 22.1 % 24.1 % 18.3 %”
Earnings Releases

AAON, INC. reported the fourth quarter ended December 31, 2023 results: revenue $306,638, net income $47,049, EPS $0.56.

“Financial Highlights: Three Months Ended December 31, % Years Ended December 31, % 2023 2022 Change 2023 2022 Change (in thousands, except share and per share data) (in thousands, except share and per share data) GAAP Measures Net sales $ 306,638 $ 254,598 20.4 % $ 1,168,518 $ 888,788 31.5 % Gross profit $ 111,739 $ 78,541 42.3 % $ 399,020 $ 237,572 68.0 % Gross profit margin 36.4 % 30.8 % 34.1 % 26.7 % Operating income $ 63,884 $ 46,598 37.1 % $ 227,494 $ 126,761 79.5 % Operating margin 20.8 % 18.3 % 19.5 % 14.3 % Net income $ 47,049 $ 38,898 21.0 % $ 177,623 $ 100,376 77.0 % Earnings per diluted share $ 0.56 $ 0.47 19.1 % $ 2.13 $ 1.24 71.8 % Diluted average shares 83,446,051 82,211,418 1.5 % 83,295,290 81,145,610 2.6 % Non-GAAP Measures EBITDA 1 $ 77,046 $ 56,184 37.1 % $ 274,465 $ 162,266 69.1 % EBITDA margin 1 25.1 % 22.1 % 23.5 % 18.3 % Adjusted EBITDA 1 $ 77,046 $ 56,184 37.1 % $ 281,215 $ 162,266 73.3 % Adjusted EBITDA margin 1 25.1 % 22.1 % 24.1 % 18.3 %”

Rob Teis changed role as Vice President of Business Technology at AAON, INC..

“Rob Teis is changing roles from Vice President of Sales and Marketing to Vice President of Business Technology.”

Stephen Wakefield changed role as Vice President of the Company and Executive Vice President of AAON Inc. (an Oklahoma Corporation) at AAON, INC..

“Stephen Wakefield, who currently serves as Vice President and Chief Operating Officer, will now serve as Vice President of the Company and Executive Vice President of the Company's wholly-owned subsidiary, AAON Inc. (an Oklahoma Corporation).”

Dave Benson was appointed as Vice President of the Company and President of BASX at AAON, INC..

“Additionally, the Company announced the promotion of Dave Benson to the position of Vice President of the Company and President of BASX.”

Matt Tobolski was appointed as President and Chief Operating Officer at AAON, INC..

“Matt Tobolski has been appointed to the position of President and Chief Operating Officer of the Company.”

Rob Teis changed role as Vice President of Business Technology at AAON, INC..

“Rob Teis is changing roles from Vice President of Sales and Marketing to Vice President of Business Technology.”

Stephen Wakefield changed role as Vice President of the Company and Executive Vice President of AAON Inc. at AAON, INC..

“Stephen Wakefield, who currently serves as Vice President and Chief Operating Officer, will now serve as Vice President of the Company and Executive Vice President of the Company's wholly-owned subsidiary, AAON Inc.”

Dave Benson changed role as Vice President of the Company and President of BASX at AAON, INC..

“the Company announced the promotion of Dave Benson to the position of Vice President of the Company and President of BASX.”

Matt Tobolski was appointed as President and Chief Operating Officer at AAON, INC..

“Matt Tobolski has been appointed to the position of President and Chief Operating Officer of the Company.”
Earnings Releases

AAON, INC. reported nine months ended September 30, 2023 results: net income Net income $ 130,574, EPS Earnings per diluted share 1 $ 1.57.

“Net income $ 48,078 $ 27,473 75.0 % $ 130,574 $ 61,478 112.4 %”
Earnings Releases

AAON, INC. reported third quarter ended September 30, 2023 results: revenue Net sales for the third quarter of 2023 increased 28.6% to $312.0 million, net income Net income for the quarter was $48.1 million, EPS Earnings per diluted share for the three months ended September 30, 2023, was $0.58.

“Net sales for the third quarter of 2023 increased 28.6% to $312.0 million from $242.6 million in the third quarter of 2022.”
Earnings Releases

AAON, INC. reported second quarter ended June 30, 2023 results: revenue $284.0 million, net income $45,682 thousand, EPS $0.82.

“bring long-term value to customers and owners, today announced its results for the second quarter of 2023. Net sales for the second quarter of 2023 increased 36.0% to a record $284.0 million from $208.8 million in the second quarter of 2022. Organic volume growth contributed approximately 16.0% to year over year growth. Volume growth reflects the efficiencies gained”
Shareholder Votes

AAON, INC. shareholders approved Ratification of Grant Thornton, LLP as independent registered public accounting firm for fiscal 2023 at the 2023-05-16 meeting.

“The voting results with respect to the ratification of the selection of Grant Thornton, LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023 were as follows: For Against Abstain Broker Non-Votes 48,124,308 579,893 5,597 —”
Shareholder Votes

AAON, INC. shareholders approved Advisory vote on executive compensation at the 2023-05-16 meeting.

“The voting results to approve, on an advisory basis, a resolution on the compensation of the Company's named executive officers as set forth in the Proxy Statement were as follows: For Against Abstain Broker Non-Votes 43,031,932 2,877,225 43,516 2,757,125”
Shareholder Votes

AAON, INC. shareholders approved Election of directors at the 2023-05-16 meeting.

“The voting results with respect to the election of each director were as follows: Nominees For Against Abstain Broker Non-Votes Caron A. Lawhorn 44,547,503 1,358,831 46,339 2,757,125 Stephen O. LeClair 39,835,018 6,073,963 43,692 2,757,125 David R. Stewart 44,561,602 1,354,912 36,159 2,757,125”
Earnings Releases

AAON, INC. reported first quarter ended March 31, 2023 results: revenue $265,953, net income $36,814, EPS $0.67.

“tax benefit of $3.8 million. Financial Highlights: Three Months Ended March 31, % 2023 2022 Change (in thousands, except share and per share data) GAAP Measures Net sales $ 265,953 $ 182,771 45.5 % Gross profit 77,154 46,064 67.5 % Gross profit margin 29.0 % 25.2 % Operating income $ 44,206 $ 23,010 92.1 % Operating margin 16.6 % 12.6 % Net income 36,814”
Governance Changes

AAON, INC.: Amended and restated bylaws to incorporate universal proxy rule changes, add compliance representation requirements, clarify election of Vice Chairperson, and make administrative updates (effective 2023-03-09).

“On March 9, 2023, the Board of Directors (the “Board”) of AAON, Inc. (the “Company”) amended and restated the Company’s existing bylaws (as so amended and restated, the “Amended and Restated Bylaws”), effective immediately.”
Earnings Releases

AAON, INC. reported Three Months Ended December 31, 2022 results: revenue $254.6 million, net income $38,898, EPS $0.71.

“bring long-term value to customers and owners, today announced its results for the fourth quarter of 2022. Net sales for the fourth quarter of 2022 increased 86.8% to a record $254.6 million from $136.3 million in the fourth quarter of 2021. Organic volume growth and product mix contributed approximately 41.0% to year-over-year growth. Volume growth reflected the”

Doug Wichman changed role as President of AAON Coil Products at AAON, INC..

“The Board of Directors of AAON Coil Product, Inc. ("AAON Coil Products"), a wholly-owned subsidiary of AAON, Inc. (the "Company"), promoted Doug Wichman as President of AAON Coil Products, effective February 24, 2023.”
Earnings Releases

AAON, INC. reported the third quarter ended September 30, 2022 results: revenue $242.6 million, net income $27,473, EPS $0.51.

“AAON REPORTS RECORD SALES, EARNINGS & BACKLOG FOR THE THIRD QUARTER OF 2022 TULSA, OK, November 7, 2022 - AAON, INC. (NASDAQ-AAON), a provider of premier, configurable HVAC solutions that bring long-term value to customers and owners, today announced its results for the third quarter of 2022. Net sales for the third quarter of 2022 increased 75.1% to a record $242.6 million from $138.6 million in the third quarter of 2021.”

Gene Stewart resigned as Executive Vice President at AAON, INC..

“Gene Stewart notified Company leadership of his decision to resign as Executive Vice President effective as of August 16, 2022.”

Rob Teis was appointed as Vice President, Sales and Marketing at AAON, INC..

“AAON, Inc. (“AAON” or the “Company”), announced that its Board of Directors has appointed Rob Teis as Vice President, Sales and Marketing, effective August 3, 2022.”

Rony Gadiwalla departed as Chief Information Officer at AAON, INC..

“current VP of Information Technology and Chief Information Officer, Rony Gadiwalla, would be stepping down to pursue other opportunities.”

Casey R. Kidwell was appointed as Vice President of Administration at AAON, INC..

“the Company announced its Board of Directors has promoted Casey R. Kidwell as Vice President of Administration, effective May 12, 2022.”

Norman H. Asbjornson retired as Executive Chairman at AAON, INC..

“Effective May 12, 2022, Norman H. Asbjornson retired from his position as Executive Chairman, as previously disclosed.”

Paul K. Lackey, Jr. retired as Director at AAON, INC..

“Paul K. Lackey, Jr. retired from the Board of Directors, as previously disclosed.”

Norman H. Asbjornson retired as Executive Chairman at AAON, INC..

“AAON, Inc. (“AAON” or the “Company”), announced April 22, 2022, that Norman H. Asbjornson, Director, Executive Chairman and Founder of AAON, Inc. (the “Company”), intends to retire from his position of Executive Chairman effective May 12, 2022, and will continue to serve as a member of the Company’s Board of Directors.”

Paul K. Lackey, Jr. departed as Director at AAON, INC..

“Paul K. (“Ken”) Lackey, Jr. will retire from the Company’s Board of Directors (the "Board') following the end of his current term at AAON's 2022 Annual Meeting of Stockholders on May 12, 2022.”

Doug Wichman was elected as Executive Vice President of AAON Coil Products and Vice President of AAON, Inc. at AAON, INC..

“the Board of Directors of the Company’s wholly-owned subsidiary, AAON Coil Products, Inc. (“AAON Coil Products”), has elected Doug Wichman as Executive Vice President of AAON Coil Products, also effective January 1, 2022.”

Gene Stewart was elected as Executive Vice President of AAON, Inc. at AAON, INC..

“AAON, Inc. (“AAON” or the “Company”), announced that its Board of Directors elected Gene Stewart as Executive Vice President of AAON, Inc., effective January 1, 2022.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.