8-KLeadership ChangesExhibits & Filings

Eaton Corp plc 8-K Report, Executive Changes (Apr 22, 2024)

Filed April 22, 2024For Securities:ETN

Summary

Eaton Corp plc (ETN) has filed an 8-K reporting a key executive change within its finance department. Daniel R. Hopgood, Senior Vice President and Controller, will be resigning from his position effective May 10, 2024, to pursue other opportunities. This transition marks a change in a critical financial leadership role for the company. Stepping into the role of Senior Vice President and Controller, and as the registrant's principal accounting officer, will be Adam A. Wadecki. Mr. Wadecki brings a wealth of experience from previous senior financial roles at General Electric Healthcare and W.W. Grainger, Inc., and most recently served as Senior Vice President, Internal Audit at Eaton. His appointment is effective April 22, 2024, aligning with the company's announcement.

Key Highlights

  • 1Daniel R. Hopgood, SVP and Controller, to resign effective May 10, 2024.
  • 2Adam A. Wadecki appointed as the new SVP and Controller, and Principal Accounting Officer, effective April 22, 2024.
  • 3Mr. Wadecki's background includes significant financial leadership roles at GE Healthcare and W.W. Grainger.
  • 4Mr. Wadecki most recently served as Eaton's Senior Vice President, Internal Audit.
  • 5Wadecki's compensation will align with existing executive compensation plans, details to be found in the proxy statement.
  • 6No undisclosed arrangements or family relationships exist between Mr. Wadecki and other company officers/directors.
  • 7The filing includes a press release dated April 22, 2024, as an exhibit.

Frequently Asked Questions

This 8-K filing is primarily to announce a change in a key executive position: the resignation of Daniel R. Hopgood as Senior Vice President and Controller and the appointment of Adam A. Wadecki as his successor.

Adam A. Wadecki has extensive financial experience, including serving as chief financial officer at General Electric Healthcare, holding various finance leadership roles at W.W. Grainger, Inc., and most recently serving as Eaton's Senior Vice President of Internal Audit.

According to the filing, Mr. Wadecki will continue to receive his current base salary and participate in applicable executive compensation and benefit plans. The Compensation and Organization Committee will continue to review his compensation, with further details available in the company's 2024 Annual General Meeting proxy statement.

The filing explicitly states there are no arrangements or understandings with other persons regarding his selection, no family relationships with current directors or executive officers, and no undisclosed material interest in any company transactions.