01—Abstract
Summary
Summary of the 8-K filed July 15, 2025. Cited figures are marked; the original filing is the authoritative source.
Ingersoll Rand Inc. (NYSE: IR) reported in this Form 8-K filed July 15, 2025 that its Board of Directors, on July 14, 2025, reset the Board size to nine directors and appointed Aurobind Satpathy as a director effective July 15, 2025, to serve until the 2026 Annual Meeting of Stockholders.
The Board also appointed Mr. Satpathy to the Nominating and Corporate Governance Committee and the Sustainability Committee, and determined he is independent under New York Stock Exchange listing standards and the Company's Corporate Governance Guidelines. As a non-employee director, Mr. Satpathy will be compensated on a prorated basis under the Company's director compensation policy, including a restricted stock unit award under the Amended and Restated 2017 Omnibus Incentive Plan, to be granted on August 6, 2025. The filing states he has no arrangements with others for his selection and is not party to any related-person transaction requiring disclosure under Item 404(a) of Regulation S-K.
The Company issued a press release on July 15, 2025, furnished as Exhibit 99.1 under Regulation FD. The release describes Mr. Satpathy as a senior partner at McKinsey & Company with nearly 30 years of experience, and quotes Chairman and CEO Vicente Reynal on his expertise. The filing presents this as a governance update and contains no financial results or guidance.
02—Key points
Key Highlights
- Aurobind Satpathy appointed to the Board of Directors effective July 15, 2025, with the Board size reset to nine directors
- Term runs until the Company's 2026 Annual Meeting of Stockholders
- Satpathy named to the Nominating and Corporate Governance Committee and the Sustainability Committee
- Board determined Satpathy is independent under NYSE listing standards and the Company's Corporate Governance Guidelines
- Non-employee director compensation prorated, including an RSU award to be granted August 6, 2025
- Satpathy is a senior partner at McKinsey & Company with nearly 30 years of experience
- No financial results, guidance, or transactions reported in the filing
03—Questions
Frequently Asked Questions
Who was appointed to Ingersoll Rand's Board of Directors?
Aurobind Satpathy, a senior partner at McKinsey & Company, was appointed a director effective July 15, 2025, to serve until the 2026 Annual Meeting of Stockholders.
What committees will Mr. Satpathy serve on?
He was appointed to the Nominating and Corporate Governance Committee and the Sustainability Committee of the Board, effective upon becoming a director.
How will Mr. Satpathy be compensated?
As a non-employee director, he will receive prorated compensation under the Company's director compensation policy, including an award of restricted stock units under the Amended and Restated 2017 Omnibus Incentive Plan, to be granted on August 6, 2025.
Is Mr. Satpathy considered independent?
Yes. The Board determined he qualifies as an independent director under the New York Stock Exchange listing standards and the Company's Corporate Governance Guidelines, as applicable.
Does this filing report any financial results?
No. The filing concerns the Board appointment and a press release announcing it, and does not include financial results or guidance.
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