01—Abstract
Summary
Summary of the 8-K filed March 17, 2026. Cited figures are marked; the original filing is the authoritative source.
This 8-K filing from Parker-Hannifin Corporation (PH) reports the upcoming departure of a long-standing board member, Kevin A.
Lobo. Mr. Lobo, who has served on the board since 2013, has decided not to stand for reelection at the upcoming 2026 Annual Meeting of Shareholders. This decision is attributed to his election to the Board of Directors of GE HealthCare Technologies Inc., indicating a potential reallocation of his time and focus to his new role.
Importantly, the filing explicitly states that Mr. Lobo's decision is not due to any disagreements with Parker-Hannifin regarding its operations, policies, or practices. Investors can take comfort in knowing that this change appears to be driven by Mr. Lobo's increased commitments elsewhere, rather than any internal company issues. Mr. Lobo is expected to continue his service as a director until the end of his current term, ensuring a smooth transition.
02—Key points
Key Highlights
- Kevin A. Lobo will not seek reelection to the Parker-Hannifin Board of Directors at the 2026 Annual Meeting.
- Mr. Lobo has been a director since 2013, signifying a departure of significant experience.
- The reason for non-reelection is Mr. Lobo's election to the Board of Directors of GE HealthCare Technologies Inc.
- There are no disagreements cited as the cause for Mr. Lobo's departure.
- Mr. Lobo will continue to serve as a director until his current term expires.
03—Questions
Frequently Asked Questions
Why is Kevin A. Lobo leaving the Board of Directors?
Kevin A. Lobo is not standing for reelection to the Board of Directors because he has been elected to the Board of Directors of GE HealthCare Technologies Inc. and wishes to focus his time there.
Is Mr. Lobo's departure due to any problems at Parker-Hannifin?
No, the filing explicitly states that Mr. Lobo's decision is not a result of any disagreement with Parker-Hannifin regarding the company's operations, policies, or practices.
When will Mr. Lobo officially step down from the board?
Mr. Lobo is expected to continue serving as a Director of Parker-Hannifin until the expiration of his current term, which will be at the 2026 Annual Meeting of Shareholders.
How long has Mr. Lobo been on the board?
Mr. Lobo has served as a Director of Parker-Hannifin since 2013.
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