DOUGLAS DYNAMICS, INC: Amendment to certificate of incorporation to provide for exculpation from personal liability for certain officers as permitted by Delaware law (effective 2026-04-30).
“On April 30, 2026, Douglas Dynamics, Inc. (the “Company”) amended the Company’s Fourth Amended and Restated Certificate of Incorporation to provide for exculpation from personal liability for certain officers as permitted by Delaware law (the “Amendment”) by filing a Certificate of Amendment with the Secretary of State of Delaware.”
Debt Financings
DOUGLAS DYNAMICS, INC incurred revolving credit of $125.0 million with JPMorgan Chase Bank, N.A., as administrative agent at Term SOFR Rate plus a margin ranging from 1.375% to 2.000%, or a margin ranging maturing March 26, 2030.
“a senior secured revolving credit facility available to the Revolving Loan Borrowers in the amount of $125.0 million”
Debt Financings
DOUGLAS DYNAMICS, INC incurred credit facility of $150.0 million with JPMorgan Chase Bank, N.A., as administrative agent at Term SOFR Rate plus a margin ranging from 1.375% to 2.000% maturing March 26, 2030.
“The Credit Agreement provides for a senior secured term loan to the Term Loan Borrower in the amount of $150.0 million”
James L. Janik departed as Interim President and Chief Executive Officer at DOUGLAS DYNAMICS, INC.
“Mr. Janik will no longer serve as an executive officer of the Company.”
Mark Van Genderen was elected as member of the Board at DOUGLAS DYNAMICS, INC.
“the Board of Directors (the “ Board ”) of Douglas Dynamics, Inc. (the “ Company ”) elected Mark Van Genderen, the Company’s then-current Chief Operating Officer, as President and Chief Executive Officer of the Company and a member of the Company’s Board, effective March 3, 2025.”
Mark Van Genderen was elected as President and Chief Executive Officer at DOUGLAS DYNAMICS, INC.
“the Board of Directors (the “ Board ”) of Douglas Dynamics, Inc. (the “ Company ”) elected Mark Van Genderen, the Company’s then-current Chief Operating Officer, as President and Chief Executive Officer of the Company and a member of the Company’s Board, effective March 3, 2025.”
Mark Van Genderen changed role as President, Work Truck Attachments at DOUGLAS DYNAMICS, INC.
“Mark Van Genderen, the Company’s Chief Operating Officer since September 17, 2024, has also been serving as President, Work Truck Attachments since his promotion to Chief Operating Officer. Mr. Van Genderen will remain in the role of Chief Operating Officer following the effective date of Mr. Bernauer’s election, and his compensation will remain unchanged.”
Chris Bernauer was elected as President, Work Truck Attachments at DOUGLAS DYNAMICS, INC.
“On February 19, 2025, the Board of Directors of Douglas Dynamics, Inc. (the “ Company ”) elected Chris Bernauer as President, Work Truck Attachments of the Company, effective February 28, 2025.”
Linda R. Evans departed as Chief Human Resources Officer at DOUGLAS DYNAMICS, INC.
“On September 13, 2024, Linda R. Evans, the Company's Chief Human Resources Officer, provided notice of her intention to retire as of January 2, 2025.”
James L. Janik was appointed as Interim President and Chief Executive Officer at DOUGLAS DYNAMICS, INC.
“after which Mr. Janik will serve as elected by the Board as the Company’s Interim President and Chief Executive Officer”
James L. Janik was elected as Executive Chairman at DOUGLAS DYNAMICS, INC.
“The Company has announced the election of James L. Janik, current Chairman of the Board and the former President, Chief Executive Officer and Executive Chairman of the Company, to serve as Executive Chairman from May 16, 2024 through the Retirement Date”
Robert McCormick retired as Director at DOUGLAS DYNAMICS, INC.
“Effective as of the Retirement Date, Mr. McCormick will also retire from the Company’s Board of Directors (the “ Board ”).”
Robert McCormick retired as President and Chief Executive Officer at DOUGLAS DYNAMICS, INC.
“On May 15, 2024, Robert (Bob) McCormick indicated his intent to retire as the President and Chief Executive Officer of Douglas Dynamics, Inc. (the “ Company ”), effective as of July 8, 2024 (the “ Retirement Date ”).”
Earnings Releases
DOUGLAS DYNAMICS, INC reported financial results for first quarter ended March 31, 2024.
“On April 29, 2024, Douglas Dynamics, Inc. issued a press release announcing its financial results for the quarter ended March 31, 2024.”
Shareholder Votes
DOUGLAS DYNAMICS, INC shareholders approved Ratification of the Appointment of Deloitte & Touche LLP as Independent Registered Public Accounting Firm for 2024.
“Ratification of the Appointment of Deloitte & Touche LLP as Independent Registered Public Accounting Firm for 2024 Shares Voted For Shares Voted Against Abstentions 21,240,604 15,898 8,142”
Shareholder Votes
DOUGLAS DYNAMICS, INC shareholders approved Affirmative Vote on Approval of the Company's 2024 Stock Incentive Plan.
“Affirmative Vote on Approval of the Company ’ s 2024 Stock Incentive Plan Shares Voted For Shares Voted Against Abstentions Broker Non-Votes 19,026,390 713,121 17,847 1,507,285”
Shareholder Votes
DOUGLAS DYNAMICS, INC shareholders approved Advisory Vote on Approval of the Compensation of the Company's Named Executive Officers.
“Advisory Vote on Approval of the Compensation of the Company ’ s Named Executive Officers Shares Voted For Shares Voted Against Abstentions Broker Non-Votes 19,176,407 479,937 101,014 1,507,285”
Shareholder Votes
DOUGLAS DYNAMICS, INC shareholders approved Election of Two Directors to Terms Expiring at the 2027 Annual Meeting of Stockholders.
“Election of Two Directors to Terms Expiring at the 2027 Annual Meeting of Stockholders Name of Nominee Shares Voted For Shares Withheld Broker Non-Votes Kenneth W. Krueger 17,716,911 2,040,448 1,507,285 Lisa R. Bacus 19,091,024 666,335 1,507,285”
Earnings Releases
DOUGLAS DYNAMICS, INC reported the quarter and full year ended December 31, 2023 results: revenue Net Sales of $568.2 million, net income Net Income of $23.7 million, EPS Diluted Earnings per Share of $0.98.
“hindered by unprecedented weather trends ● Implementation of 2024 Cost Savings Program on track to deliver $8 – 10 million in annualized savings ● Delivered Net Sales of $568.2 million, Net Income of $23.7 million, and Diluted Earnings per Share of $0.98 ● Announced 1Q24 quarterly dividend of $0.295 per share ● Outlined 2024 full year outlook February 26, 2024”
Earnings Releases
DOUGLAS DYNAMICS, INC reported the full year ended December 31, 2023 results: revenue $568, net income $24, EPS $0.98. Guidance initiated.
“Preliminary Consolidated Fourth Quarter and Full Year 2023 Results $ in millions (except EPS) Preliminary Q4 2023 Q4 2022 Preliminary Full Year 2023 Full Year 2022 Net Sales $134 $159.8 $568 $616.1 Net Income $7 $11.5 $24 $38.6 Diluted EPS $0.29 $0.49 $0.98 $1.63”
Earnings Releases
DOUGLAS DYNAMICS, INC reported the quarter ended December 31, 2023 results: revenue $134, net income $7, EPS $0.29. Guidance initiated.
“Preliminary Consolidated Fourth Quarter and Full Year 2023 Results $ in millions (except EPS) Preliminary Q4 2023 Q4 2022 Preliminary Full Year 2023 Full Year 2022 Net Sales $134 $159.8 $568 $616.1 Net Income $7 $11.5 $24 $38.6 Diluted EPS $0.29 $0.49 $0.98 $1.63”
Material Agreements
DOUGLAS DYNAMICS, INC amended Amendment No. 3 to Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders listed therein (effective 2024-01-29).
“On January 29, 2024, the Company entered into that certain Amendment No. 3 to Credit Agreement ("Amendment No. 3") by and among the Company, the Borrowers, the financial institutions listed in Amendment No. 3 as lenders, and JPMorgan Chase Bank, N.A., as administrative agent, which amended the Credit Agreement by modifying the minimum required Leverage Ratio”
Earnings Releases
DOUGLAS DYNAMICS, INC reported financial results for the quarter ended September 30, 2023.
“issued a press release announcing its financial results for the quarter ended September 30, 2023. The Company will host a conference call on Tuesday, October 31, 2023, at 9:00 am Central Time to discuss the financial results.”
Earnings Releases
DOUGLAS DYNAMICS, INC reported the third quarter ended September 30, 2023 results: revenue $144.1 million, net income $5.8 million, EPS $0.24 of diluted earnings per share.
“DOUGLAS DYNAMICS REPORTS THIRD QUARTER 2023 RESULTS Work Truck Solutions Improved Both Top and Bottom-Line Results Third Quarter Highlights: ● Produced Net Sales of $144.1 million ● Delivered Net Income of $5.8 million, or $0.24 of Diluted EPS ● Solutions Net Sales increased approximately 18% and Adjusted EBITDA margin improved to 7.3% ● Updated 2023”
Earnings Releases
DOUGLAS DYNAMICS, INC reported 2023 results: revenue between $620 million and $650 million, EPS $1.55 per share to $2.00 per share. Guidance lowered.
“2023 financial outlook: ● Net Sales are expected to be between $620 million and $650 million. ● Adjusted EBITDA is predicted to range from $85 million to $100 million. ● Adjusted Earnings Per Share are expected to be in the range of $1.55 per share to $2.00 per share.”
Earnings Releases
DOUGLAS DYNAMICS, INC reported the first quarter ended March 31, 2023 results: revenue $82.5 million, net income $13.1 million, EPS $(0.58).
“Douglas Dynamics, Inc. Nathan Elwell 847-530-0249 investorrelations@douglasdynamics.com DOUGLAS DYNAMICS REPORTS FIRST QUARTER 2023 RESULTS Highlights: ● Delivered Net Sales of $82.5 million ● Recorded Net Loss of $13.1 million, or $(0.58) of Diluted EPS ● Work Truck Attachments performance impacted by lowest East Coast snowfall season in decades ● Work Truck”
Shareholder Votes
DOUGLAS DYNAMICS, INC shareholders approved Ratification of the Appointment of Deloitte & Touche LLP as Independent Registered Public Accounting Firm for 2023 at the 2023-04-25 meeting.
“Ratification of the Appointment of Deloitte & Touche LLP as Independent Registered Public Accounting Firm for 2023 Shares Voted For Shares Voted Against Abstentions 21,255,859 5,963 9,596”
Shareholder Votes
DOUGLAS DYNAMICS, INC shareholders approved Advisory Vote on Frequency of Future Advisory Stockholder Votes on Compensation of the Company’s Name Executive Officers at the 2023-04-25 meeting.
“Advisory Vote on Frequency of Future Advisory Stockholder Votes on Compensation of the Company ’ s Name Executive Officers Votes for 1 Year Votes for 2 Years Votes for 3 Years Abstentions Broker Non-Votes 19,090,734 8,132 965,446 12,858 1,194,247”
Shareholder Votes
DOUGLAS DYNAMICS, INC shareholders approved Advisory Vote on Approval of the Compensation of the Company’s Named Executive Officers at the 2023-04-25 meeting.
“Advisory Vote on Approval of the Compensation of the Company ’ s Named Executive Officers Shares Voted For Shares Voted Against Abstentions Broker Non-Votes 19,908,869 142,403 25,898 1,194,247”
Shareholder Votes
DOUGLAS DYNAMICS, INC shareholders approved Election of Two Directors to Terms Expiring at the 2026 Annual Meeting of Stockholders at the 2023-04-25 meeting.
“Election of Two Directors to Terms Expiring at the 2026 Annual Meeting of Stockholders Name of Nominee Shares Voted For Shares Withheld Broker Non-Votes Joher Akolawala 19,807,338 269,833 1,194,247 James L. Janik 18,631,458 1,445,712 1,194,247”
Earnings Releases
DOUGLAS DYNAMICS, INC reported full year ending December 31, 2023 results: revenue $620 million to $650 million, EPS $1.55 per share to $2.00 per share. Guidance lowered.
“Updated 2023 financial outlook: ● Net Sales are expected to be between $620 million and $650 million. ● Adjusted EBITDA is predicted to range from $85 million to $100 million. ● Adjusted Earnings Per Share are expected to be in the range of $1.55 per share to $2.00 per share.”
Earnings Releases
DOUGLAS DYNAMICS, INC reported quarter ended March 31, 2023 results: revenue $82.5, net income $(13.1), EPS $(0.58).
“today announced preliminary results for the quarter ended March 31, 2023, and updated its 2023 financial outlook. Preliminary Consolidated First Quarter 2023 Results $ in millions (except EPS) Q1 2023 Q1 2022 Net Sales $82.5 $102.6 Net Loss $(13.1) $(3.9) Diluted EPS $(0.58) $(0.18)”
Earnings Releases
DOUGLAS DYNAMICS, INC reported the fiscal year ended December 31, 2022 results: revenue $616.1 million, net income $38.6 million, EPS $1.63 per diluted share. Guidance initiated.
“DYNAMICS REPORTS FOURTH QUARTER AND FULL YEAR 2022 RESULTS Delivered Significantly Improved Full Year 2022 Results Full Year 2022 Highlights: ● Net Sales increased 13.8% to $616.1 million ● Net Income increased 25.8% to $38.6 million ● Diluted Earnings per Share increased 26.4% to $1.63 ● Both segments produced improved year-over-year results ● Announced 1Q23”
Debt Financings
DOUGLAS DYNAMICS, INC amended credit facility of the Revolving Loan Borrowers exercised a portion of the Revolving Commitment Increase Option and increased the revolving with JPMorgan Chase Bank, N.A. at the Term SOFR Rate for the applicable interest period plus (ii) a margin ranging.
“On January 5, 2023, the Company entered into that certain Amendment No. 1 to Credit Agreement and Revolving Credit Commitment Increase Supplement (“Amendment No. 1”) by and among the Company, the Borrowers, the financial institutions listed in Amendment No. 1 as lenders, and JPMorgan Chase Bank, N.A., as administrative agent, which amended the Credit Agreement and pursuant to which, among other things, (i) the Revolving Loan Borrowers exercised a portion of the Revolving Commitment Increase Option and increased the revolving commitment under the Credit Agreement by $50.0 million for a total of $150.0 million in the aggregate and (ii) the London Interbank Offered Rate pricing option under the Credit Agreement was replaced with a Term SOFR Rate pricing option.”
Material Agreements
DOUGLAS DYNAMICS, INC amended Amendment No. 1 to Credit Agreement and Revolving Credit Commitment Increase Supplement with the financial institutions listed in Amendment No. 1 as lenders, and JPMorgan Chase Bank, N.A., as administrative agent valued at increased the revolving commitment under the Credit Agreement by $50.0 million for a total of $150.0 (effective 2023-01-05).
“On January 5, 2023, the Company entered into that certain Amendment No. 1 to Credit Agreement and Revolving Credit Commitment Increase Supplement (“Amendment No. 1”) by and among the Company, the Borrowers, the financial institutions listed in Amendment No. 1 as lenders, and JPMorgan Chase Bank, N.A., as administrative agent, which amended the Credit Agreement and pursuant to which, among other things, (i) the Revolving Loan Borrowers exercised a portion of the Revolving Commitment Increase Option and increased the revolving commitment under the Credit Agreement by $50.0 million for a total of $150.0 million in the aggregate and (ii) the London Interbank Offered Rate pricing option under the Credit Agreement was replaced with a Term SOFR Rate pricing option.”
Earnings Releases
DOUGLAS DYNAMICS, INC reported the third quarter ended September 30, 2022 results: revenue $166.1 Million, net income $13.3 million, EPS $0.56. Guidance raised.
“Highlights: ● Net Sales of $166.1 Million, a 30.1% increase compared to 3Q21 ● Net Income increased 88.9% to $13.3 million, or $0.56 of Diluted EPS”
Keith Hagelin departed as President, Work Truck Attachments at DOUGLAS DYNAMICS, INC.
“On October 10, 2022, Keith Hagelin notified Douglas Dynamics, Inc. that he intends to retire from his position as President, Work Truck Attachments effective December 31, 2022.”
James D. Staley departed as director at DOUGLAS DYNAMICS, INC.
“James D. Staley announced to the Board that he does not intend to stand for re-election as a director and will retire from the Board at the end of his current term as a director, effective immediately following the 2023 annual meeting of stockholders.”
Joher Akolawala was elected as director at DOUGLAS DYNAMICS, INC.
“the Company’s Board of Directors (the “Board”) elected Joher Akolawala as a director of the Company”
Jon Sievert was appointed as VP, Business Development at DOUGLAS DYNAMICS, INC.
“Mr. Sievert is continuing in the employment of the Company as VP, Business Development until March 30, 2022”
Jon Sievert departed as President – Work Truck Solutions at DOUGLAS DYNAMICS, INC.
“informed Jon Sievert, that his current position as President – Work Truck Solutions would be eliminated, effective as of such date.”
Jon Sievert departed as President – Work Truck Solutions at DOUGLAS DYNAMICS, INC.
“On November 30, 2021, Douglas Dynamics, Inc. (the “Company”) informed Jon Sievert, that his current position as President – Work Truck Solutions would be eliminated, effective as of such date.”
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.