Form 8-K · Current Report · Filed 2024-02-01
Trimble Appoints New CFO with Comprehensive Compensation and Severance Agreements
Trimble Inc. announced on January 29, 2024, that Phillip Sawarynski will be appointed as its new Chief Financial Officer effective at the end of May 2024. Sawarynski will receive an annual base salary of $450,000, a target bonus at 80% of his base salary, and $1,000,000 in restricted stock units as a promotional grant. He will also be eligible for severance benefits under both standard and change of control scenarios. The appointment details and severance agreements are consistent with existing company policies. The offer letter is attached as Exhibit 10.1.
- Filer
- Trimble Inc. TRMB · NASDAQ
- Filed
- Accession
- 0000864749-24-000011
- CIK
- 0000864749
- Signal
- High impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Financial Statements and Exhibits
Market reaction
Close before filing
$50.86
Next session
+3.4%
Since filing
+16.9%
Latest close
$59.47
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from TRMB reporting the same item, with the next session's move:
Exhibits (1)
About Trimble Inc.
Trimble Inc. is a technology company that develops positioning and productivity solutions for various industries. It focuses on connecting the physical and digital worlds through advanced integrated solutions. Trimble's portfolio includes industries like agriculture, construction, geospatial, transportation, and natural resources, where accurate positioning and measurement are crucial. The company offers products such as GPS receivers, laser rangefinders, unmanned aerial vehicle systems, and software tools. Founded in 1978 and headquartered in Sunnyvale, California, Trimble has consistently contributed to technological advancements by providing systems that improve productivity, quality, safety, and compliance. Trimble's solutions are vital in automating and streamlining workflows, thus fostering efficiency and innovation across sectors. Its presence is felt globally as it enables businesses to make data-driven decisions, promoting sustainable practices and operational intelligence.
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