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.”
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”
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