Posted 27 January, 2023
FULLER H B CO appointed new CEO
CEO Change detected for ticker NYSE:FUL in a 8-K filed on 27 January, 2023.
The Company's long-time President and Chief Executive Officer (CEO), James Owens, announced his resignation during late fiscal 2022.
Don't how to trade CEO change? Read Reasons for CEO Turnover and Effect on Stock Performance.
Overview of FULLER H B CO
Basic Materials/Resources • Chemicals
H.B. Fuller Co. engages in the manufacture and marketing of adhesives, sealants, and other chemical products. It operates through the following business segments: Hygiene, Health, and Consumable Adhesives, Engineering Adhesives, and Construction Adhesives. The Hygiene, Health, and Consumable Adhesives segment supplies adhesive products in the assembly, packaging, converting, nonwoven, hygiene, health and beauty, flexible packaging, graphic arts, and envelope markets. The Engineering Adhesives segment provides adhesives to the transportation, electronics, medical, clean energy, aerospace and defense, performance wood, insulating glass, textile, appliance, and heavy machinery markets. The Construction Adhesives segment manufactures adhesives, sealants, tapes, mortars, and grouts for construction activities. The company was founded by Harvey Benjamin Fuller in 1887 and is headquartered in St. Paul, MN.Market Cap
$4.32B
View Company Details
$4.32B
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) Effective January 24, 2023, the Compensation Committee of H.B. Fuller Company (the "Company") approved a one-time grant of time-based restricted stock units with an approximate grant date fair market value of $500,000 to Zhiwei Cai, Executive Vice President, Engineering Adhesives of the Company. The Company's long-time President and Chief Executive Officer (CEO), James Owens, announced his resignation during late fiscal 2022. Due to this transition in CEO leadership, our Compensation Committee determined that a retention stock award for Mr. Cai was appropriate to ensure stability and continuity in a key executive role throughout this transition and to position the Company for continued success in fiscal 2023. The Compensation Committee decided to make this grant as a result of unusual circumstances that it does not expect to reoccur regularly. The time-based restricted stock units will cliff-vest on January 24, 2025 subject to Mr. Cai remaining employed by H.B. Fuller Company in his present role until the vesting date. There are no provisions for accelerated vesting of the units upon an earlier retirement. 2
Interested in special situations?
Join Tickerverse
- customize event filters
- create watchlists, bookmarks
- get email notifications for the latest special situations
- browse and analyze public companies, executives and SEC filings
Tickerverse is a great way to find investment opportunities in corporate actions.
By signing up you agree to our Terms of Service and Privacy Policy.