Nordson said on April April 23, 2024 that its Board of Directors appointed Daniel R. Hopgood, 52, as Executive Vice President and Chief Financial Officer, effective on his first day of employment, expected to be May 20, 2024.

1. 01

   Nordson said on April April 23, 2024 that its Board of Directors appointed Daniel R. Hopgood, 52, as Executive Vice President and Chief Financial Officer, effective on his first day of employment, expected to be May 20, 2024.

2. 02

   The company said Stephen Shamrock has been acting as interim Chief Financial Officer since November 1, 2023 and will be appointed Chief Accounting Officer effective from the Start Date. Joseph Kelley took on the role of Segment Leader for the Industrial Precision Solutions segment at that time.

3. 03

   The company said Hopgood's annual base salary will be $520,000 and his annual cash incentive target will be 75% of base salary, pro-rated from the Start Date, with payout ranging from 0% to 200% of target. It also said Hopgood will receive a sign-on bonus of $175,000, before taxes, to be paid within 90 days of the Start Date.

4. 04

   The company said it will grant Hopgood equity worth about $2,000,000 on the first day of the month following the Start Date, consisting of performance share units worth about $1,000,000, stock options worth about $600,000, and restricted share units worth about $400,000.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.