secwatch / observer

SPX Technologies, Inc. — fact timeline

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

SPXC SPX Technologies, Inc. JSON

John W. Swann III retired as President, Detection and Measurement Segment at SPX Technologies, Inc..

“On June 18, 2026, John W. Swann III, President, Detection and Measurement Segment of SPX Technologies, Inc. (the “Company”), informed the Company of his decision to retire in January 2027.”
Shareholder Votes

SPX Technologies, Inc. shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2026 at the 2026-05-12 meeting.

“Proposal 3: Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2026. For Against Abstain 47,186,482 1,071,387 37,734”
Shareholder Votes

SPX Technologies, Inc. shareholders approved Approval of named executive officers’ compensation as disclosed in the 2026 Proxy Statement, on a non-binding advisory basis ("Say-on-Pay") at the 2026-05-12 meeting.

“Proposal 2: Approval of named executive officers’ compensation as disclosed in the 2026 Proxy Statement, on a non-binding advisory basis (“Say-on-Pay”). For Against Abstain Broker Non-Votes 43,785,463 2,737,610 61,256 1,711,274”
Shareholder Votes

SPX Technologies, Inc. shareholders approved Election of directors at the 2026-05-12 meeting.

“Proposal 1: Election of directors. Director Nominee Term Expiring For Against Abstain Broker Non-Votes Ricky D. Puckett 2027 46,077,470 471,357 35,502 1,711,274 Meenal A. Sethna 2027 45,770,431 771,676 42,222 1,711,274 Tana L. Utley 2027 46,192,240 311,113 80,976 1,711,274”
Earnings Releases

SPX Technologies, Inc. reported first quarter ended March 28, 2026 results: revenue $566.8 million, net income $64.4 million, EPS $1.27. Guidance raised.

“SPX Technologies, Inc. (NYSE:SPXC) (“SPX”, the “Company”, “we” or “our”) today reported results for the first quarter ended March 28, 2026. First Quarter Highlights (amounts presented for continuing operations; all comparisons against the first quarter of 2025, unless otherwise noted) • Revenue of $566.8 million, up 17.4%, including 7.4% organically • GAAP income from continuing operations of $64.4 million, up 24.6% • GAAP EPS of $1.27, up 15.5% • Adjusted EPS* of $1.69, up 22.5% • Adjusted EBITDA* of $126.1 million, up 22.9% Raising 2026 Guidance”
Debt Financings

SPX Technologies, Inc. amended credit facility of $2.025 billion with Bank of America, N.A. at Term SOFR rate plus an applicable margin maturing September 9, 2030.

“Bank AG, as foreign trade facility agent, and the Administrative Agent. The Amended Credit Agreement provides for committed senior secured financing in the aggregate amount of $2.025 billion, consisting of the following facilities (collectively, the “Senior Credit Facilities”), each with a final maturity of September 9, 2030: · A term loan facility in the aggregate”
Governance Changes

SPX Technologies, Inc.: Amended and restated bylaws to conform to charter amendments and correct internal section references (effective 2024-05-14).

“Following the effectiveness of the Charter Amendments, on May 14, 2024, the Company’s Board of Directors approved an amendment and restatement of the Company’s amended and restated by-laws, which effected amendments to provisions of the by-laws otherwise inconsistent with the provisions of the Charter Amendments to conform to the provisions of the Charter Amendments and corrections to internal section references.”
Governance Changes

SPX Technologies, Inc.: Amended certificate of incorporation to provide for annual election of directors, exculpation of officers, Delaware forum selection provision, and federal forum selection provision for Securities Act claims (effective 2024-05-14).

“On May 14, 2024, following the adjournment of the 2024 Annual Meeting of Stockholders (the “Annual Meeting”) of SPX Technologies, Inc. (the “Company”) at which the Company’s stockholders approved the amendments to the Company’s Amended and Restated Certificate of Incorporation as specified in Item 5.07 of this report (collectively, the “Charter Amendments”), the Company filed with the Delaware Secretary of State a certificate of amendment to the Company’s Amended and Restated Certificate of Incorporation to effect the Charter Amendments. Upon such filing, the Charter Amendments became effective.”
Shareholder Votes

SPX Technologies, Inc. shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2024 at the 2024-05-14 meeting.

“Proposal 7: Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2024. For Against Abstain 43,851,590 712,735 44,101”
Shareholder Votes

SPX Technologies, Inc. shareholders approved Approval of the amendment to the Company’s Amended and Restated Certificate of Incorporation to add a federal forum selection provision for claims under the Securities Act of 1933, as amended at the 2024-05-14 meeting.

“Proposal 6: Approval of the amendment to the Company’s Amended and Restated Certificate of Incorporation to add a federal forum selection provision for claims under the Securities Act of 1933, as amended. For Against Abstain Broker Non-Votes 37,571,169 5,622,864 64,552 1,349,841”
Shareholder Votes

SPX Technologies, Inc. shareholders approved Approval of the amendment to the Company’s Amended and Restated Certificate of Incorporation to add a Delaware forum selection provision for certain legal actions at the 2024-05-14 meeting.

“Proposal 5: Approval of the amendment to the Company’s Amended and Restated Certificate of Incorporation to add a Delaware forum selection provision for certain legal actions. For Against Abstain Broker Non-Votes 39,276,569 3,917,981 64,035 1,349,841”
Shareholder Votes

SPX Technologies, Inc. shareholders approved Approval of the amendment to the Company’s Amended and Restated Certificate of Incorporation to provide for exculpation of certain officers as permitted by recent amendments to Delaware law at the 2024-05-14 meeting.

“Proposal 4: Approval of the amendment to the Company’s Amended and Restated Certificate of Incorporation to provide for exculpation of certain officers as permitted by recent amendments to Delaware law. For Against Abstain Broker Non-Votes 38,120,572 5,087,544 50,469 1,349,841”
Shareholder Votes

SPX Technologies, Inc. shareholders approved Approval of the amendment to the Company’s Amended and Restated Certificate of Incorporation to provide for the annual election of the Board of Directors at the 2024-05-14 meeting.

“Proposal 3: Approval of the amendment to the Company’s Amended and Restated Certificate of Incorporation to provide for the annual election of the Board of Directors. For Against Abstain Broker Non-Votes 43,185,959 42,837 29,789 1,349,841”
Shareholder Votes

SPX Technologies, Inc. shareholders approved Approval of named executive officers’ compensation as disclosed in the 2024 Proxy Statement, on a non-binding advisory basis (“Say-on-Pay”) at the 2024-05-14 meeting.

“Proposal 2: Approval of named executive officers’ compensation as disclosed in the 2024 Proxy Statement, on a non-binding advisory basis (“Say-on-Pay”). For Against Abstain Broker Non-Votes 42,030,376 1,160,756 67,453 1,349,841”
Shareholder Votes

SPX Technologies, Inc. shareholders approved Election of directors at the 2024-05-14 meeting.

“Proposal 1: Election of directors. Director Nominee Term Expiring For Against Abstain Broker Non-Votes Ruth G. Shaw 2027 40,384,225 2,849,670 24,690 1,349,841”
Earnings Releases

SPX Technologies, Inc. reported Full-Year 2024 results: EPS $4.85 to $5.15. Guidance initiated.

“Introducing 2024 Full-Year Adjusted EPS* Guidance Range of $4.85-$5.15”
Earnings Releases

SPX Technologies, Inc. reported the year ended December 31, 2023 results: revenue $1,741.2 million, net income $144.7 million, EPS $3.10.

“For the full year of 2023, the Company reported revenue of $1,741.2 million and operating income of $221.9 million, compared with revenue of $1,460.9 million and operating income of $51.0 million in 2022.”
Earnings Releases

SPX Technologies, Inc. reported the fourth quarter ended December 31, 2023 results: revenue $469.4 million, net income $31.6 million, EPS $0.67.

“midpoint, and Adjusted EPS* in a range of $4.85 to $5.15, which reflects 16% growth at the midpoint.” Fourth Quarter 2023 Overview: Revenue for the fourth quarter of 2023 was $469.4 million, compared with $429.3 million in the fourth quarter of 2022. Operating income in the fourth quarter of 2023 was $63.1 million. This compares with an operating loss of $(24.9)”
Material Agreements

SPX Technologies, Inc. entered into Share Purchase Agreement with 15737338 Canada Inc., Giuseppe Racanelli Family Trust, Lise Daigle Family Trust valued at approximately $(Cdn.)405 million in cash (effective 2024-02-07).

“the Purchaser purchased from the Vendors all of the issued and outstanding shares of the Target Corporations (which are the ultimate parent entities of 382 and the Operating Companies and together with 382 and the Operating Companies are referred to as the “Ingénia Group”) for aggregate consideration of approximately $(Cdn.)405 million in cash”
Earnings Releases

SPX Technologies, Inc. reported third quarter ended September 30, 2023 results: revenue $448.7 million, net income Income from continuing operations 35.7, EPS $0.76. Guidance raised.

“ends our involvement with these projects and allows us to further focus on growth.” Third Quarter 2023 Overview: For the third quarter of 2023, the Company reported reve nue of $448.7 million and operating income of $57.7 million, compared with revenue of $370.5 million and operating income of $37.3 million in the third quarter of 2022. Diluted income per share from”
Earnings Releases

SPX Technologies, Inc. reported the second quarter ended July 1, 2023 results: revenue $423.3 million, net income $38.3 million, EPS $0.82. Guidance raised.

“progressing toward our ‘SPX 2025’ target of $5 per share of Adjusted EPS*.” Second Quarter 2023 Overview: For the second quarter of 2023, the company reported revenue of $423.3 million and operating income of $51.3 million, compared with revenue of $354.0 million and operating income of $27.2 million in the second quarter of 2022. Diluted income per share from”
Shareholder Votes

SPX Technologies, Inc. shareholders approved Ratification of independent registered public accounting firm. at the 2023-05-09 meeting.

“Item 5.07. Submission of Matters to a Vote of Security Holders. SPX Technologies, Inc. (the “Company”) held its 2023 Annual Meeting of Stockholders (the “Annual Meeting”) on May 9, 2023. At the Annual Meeting, the proposals listed below were submitted to a vote of the stockholders. The proposals are described in the Company’s definitive proxy statement for the Annual Meeting as filed with the Securities and Exchange Commission on March 28, 2023 (the “2023 Proxy Statement”). The voting results for each proposal are set forth below. As of the record date for the Annual Meeting, there were 45,538,397 shares of common stock outstanding and entitled to vote on each matter presented at the Annual Meeting. At the Annual Meeting, 40,651,612 shares of common stock, or approximately 89% of the outstanding shares of common stock entitled to vote, were represented in person or by proxy. Proposal 1: The Company’s stockholders elected the following nominees named in the 2023 Proxy Statement to se”
Shareholder Votes

SPX Technologies, Inc. shareholders approved Advisory vote on frequency of future advisory votes on named executive officer compensation. at the 2023-05-09 meeting.

“Item 5.07. Submission of Matters to a Vote of Security Holders. SPX Technologies, Inc. (the “Company”) held its 2023 Annual Meeting of Stockholders (the “Annual Meeting”) on May 9, 2023. At the Annual Meeting, the proposals listed below were submitted to a vote of the stockholders. The proposals are described in the Company’s definitive proxy statement for the Annual Meeting as filed with the Securities and Exchange Commission on March 28, 2023 (the “2023 Proxy Statement”). The voting results for each proposal are set forth below. As of the record date for the Annual Meeting, there were 45,538,397 shares of common stock outstanding and entitled to vote on each matter presented at the Annual Meeting. At the Annual Meeting, 40,651,612 shares of common stock, or approximately 89% of the outstanding shares of common stock entitled to vote, were represented in person or by proxy. Proposal 1: The Company’s stockholders elected the following nominees named in the 2023 Proxy Statement to se”
Shareholder Votes

SPX Technologies, Inc. shareholders approved Advisory vote on named executive officer compensation (Say-on-Pay). at the 2023-05-09 meeting.

“Item 5.07. Submission of Matters to a Vote of Security Holders. SPX Technologies, Inc. (the “Company”) held its 2023 Annual Meeting of Stockholders (the “Annual Meeting”) on May 9, 2023. At the Annual Meeting, the proposals listed below were submitted to a vote of the stockholders. The proposals are described in the Company’s definitive proxy statement for the Annual Meeting as filed with the Securities and Exchange Commission on March 28, 2023 (the “2023 Proxy Statement”). The voting results for each proposal are set forth below. As of the record date for the Annual Meeting, there were 45,538,397 shares of common stock outstanding and entitled to vote on each matter presented at the Annual Meeting. At the Annual Meeting, 40,651,612 shares of common stock, or approximately 89% of the outstanding shares of common stock entitled to vote, were represented in person or by proxy. Proposal 1: The Company’s stockholders elected the following nominees named in the 2023 Proxy Statement to se”
Shareholder Votes

SPX Technologies, Inc. shareholders approved Election of the following nominees named in the 2023 Proxy Statement to serve as directors until the 2026 Annual Meeting of Stockholders or until a successor is duly elected and qualified. at the 2023-05-09 meeting.

“Item 5.07. Submission of Matters to a Vote of Security Holders. SPX Technologies, Inc. (the “Company”) held its 2023 Annual Meeting of Stockholders (the “Annual Meeting”) on May 9, 2023. At the Annual Meeting, the proposals listed below were submitted to a vote of the stockholders. The proposals are described in the Company’s definitive proxy statement for the Annual Meeting as filed with the Securities and Exchange Commission on March 28, 2023 (the “2023 Proxy Statement”). The voting results for each proposal are set forth below. As of the record date for the Annual Meeting, there were 45,538,397 shares of common stock outstanding and entitled to vote on each matter presented at the Annual Meeting. At the Annual Meeting, 40,651,612 shares of common stock, or approximately 89% of the outstanding shares of common stock entitled to vote, were represented in person or by proxy. Proposal 1: The Company’s stockholders elected the following nominees named in the 2023 Proxy Statement to se”
Earnings Releases

SPX Technologies, Inc. reported first quarter ended April 1, 2023 results: revenue $399.8 million, EPS $0.84. Guidance raised.

“For the first quarter of 2023, the company reported revenue of $399.8 million and operating income of $49.8 million”
Material Agreements

SPX Technologies, Inc. entered into Agreement and Plan of Merger with ASPEQ Parent Holdings, Inc. valued at approximately $418 million (effective 2023-04-28).

“entered into an Agreement and Plan of Merger dated as of April 28, 2023 (the “Merger Agreement”) with ASPEQ Parent Holdings, Inc.”
Debt Financings

SPX Technologies, Inc. incurred term loan of $300.0 million with Bank of America, N.A., as administrative agent, and the lenders party thereto at Term SOFR rate plus 0.10%, plus an applicable margin percentage maturing August 12, 2027.

“The Incremental Amendment provides for additional senior secured term loans in the aggregate amount of $300.0 million (the “Incremental Term Loans”)”
Material Agreements

SPX Technologies, Inc. amended Incremental Amendment with Bank of America, N.A., as administrative agent, and the lenders party thereto valued at $300.0 million (effective 2023-04-21).

“On April 21, 2023 (the “Incremental Amendment Effective Date”), SPX Enterprises, LLC (“SPXE”), a wholly owned subsidiary of SPX Technologies, Inc. (the “Company”), as the U.S. borrower, entered into an Incremental Facility Activation Notice (the “Incremental Amendment”) with Bank of America, N.A., as administrative agent (the “Administrative Agent”), and the lenders party thereto, which amends the Amended and Restated Credit Agreement, dated as of August 12, 2022 (as amended, the “Credit Agreement”), among the Company, as parent, SPXE, as the U.S. borrower, the foreign subsidiary borrowers party thereto, the lenders party thereto, Deutsche Bank AG, as foreign trade facility agent, and the Administrative Agent. The Incremental Amendment provides for additional senior secured term loans in the aggregate amount of $300.0 million”

Wayne M. McLaren was appointed as Vice President, Chief Accounting Officer and Corporate Controller at SPX Technologies, Inc..

“Wayne M. McLaren, age 44, Corporate Controller of the Company, will become Vice President, Chief Accounting Officer and Corporate Controller, effective as of the Transition Date.”

Michael A. Reilly departed as Chief Accounting Officer and Vice President, Finance at SPX Technologies, Inc..

“On March 14, 2023, Michael A. Reilly, Chief Accounting Officer and Vice President, Finance of SPX Technologies, Inc. (the “Company”), informed the Company of his decision to retire effective as of April 7, 2023 (the “Transition Date”).”
Earnings Releases

SPX Technologies, Inc. reported the fourth quarter and year ended December 31, 2022 results: revenue $429.3 million, net income ($0.55), EPS $(0.55).

“we are well-positioned to continue driving value, and remain on track to achieve our ‘SPX 2025’ plan.” Fourth Quarter 2022 Overview: Revenue for the fourth quarter of 2022 was $429.3 million, compared with $350.0 million in the fourth quarter of 2021. Operating loss in the fourth quarter of 2022 was $24.9 million, which includes the effects of a $73.9 million loss”
Governance Changes

SPX Technologies, Inc.: Amended and restated by-laws to update procedural requirements for director nominations in light of universal proxy rules under Rule 14a-19, including enhanced information submissions, proxy solicitation requirements, and other administrative changes (effective 2022-12-12).

“On December 12, 2022, the board of directors of SPX Technologies, Inc. (the “Company”) approved an amendment and restatement of the Company’s amended and restated by-laws (as so amended and restated, the “Amended By-laws”), effective as of such date.”

Michael A. Reilly changed role as Vice President, Finance and Chief Accounting Officer at SPX Technologies, Inc..

“On the Transition Date, Mr. Reilly will continue to serve as the Company’s Vice President, Finance and Chief Accounting Officer.”

Mark A. Carano was appointed as Vice President, Chief Financial Officer and Treasurer at SPX Technologies, Inc..

“the Board of Directors of the Company has appointed Mark A. Carano as Vice President, Chief Financial Officer and Treasurer of the Company, to be effective upon the commencement of his employment with the Company on January 3, 2023”
M&A Transactions

SPX Technologies, Inc. completed a disposition involving Canvas Holdco, LLC (closed 2022-11-01).

“On November 1, 2022, the Company transferred to the Purchaser the issued and outstanding limited liability company membership interests of SPX, LLC (the “ Sale ”).”
Material Agreements

SPX Technologies, Inc. entered into Purchase Agreement with Canvas Holdco, LLC (effective 2022-11-01).

“nto a Sale and Purchase Agreement (the “ Purchase Agreement ”) with Canvas Holdco, LLC, a Delaware limited liability company (the “ Purchaser ”), an entity formed by a joint venture of Global Risk Capital and Premia Holdings.”
Earnings Releases

SPX Technologies, Inc. reported the third quarter ended October 1, 2022 results: revenue $370.5 million, net income $12.5 million, EPS $0.27. Guidance raised.

“For the third quarter of 2022, the company reported revenue of $370.5 million and operating income of $37.3 million, compared to revenue of $285.7 million and operating income of $17.7 million in the third quarter of 2021. Diluted income per share from continuing operations in the third quarter of 2022 was $0.27, compared to $0.30 in the third quarter of 2021.”

Michael A. Reilly was appointed as Interim Chief Financial Officer at SPX Technologies, Inc..

“On September 1, 2022, the Company issued a press release announcing Mr. Harris’ departure and the appointment of Michael A. Reilly as Interim Chief Financial Officer of the Company, effective as of the Transition Date.”

James E. Harris resigned as Vice President, Chief Financial Officer and Treasurer at SPX Technologies, Inc..

“On August 29, 2022, James E. Harris, Vice President, Chief Financial Officer and Treasurer of SPX Technologies, Inc. (the “Company”), informed the Company of his decision to resign as an officer and employee of the Company in order to accept a position with another firm.”

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.