Manitowoc Co Inc 8-K, filed Mar 30, 2026
Manitowoc Co Inc (MTW)
About this 8-K
Manitowoc Co Inc filed this 8-K on March 30, 2026, reporting on events of March 27, 2026.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 27, 2026, James S. Cook resigned, effective as of March 29, 2026, from his position as Executive Vice President, Human Resources of The Manitowoc Company, Inc. (the “Company”), and, effective as of June 19, 2026 (the “Separation Date”), from his transitional employment with the Company.
In connection with his resignation, on March 27, 2026, the Company entered into a separation agreement (the “Agreement”) with Mr. Cook. Pursuant to the Agreement, during a transition period beginning on March 29, 2026 and ending on the Separation Date, Mr. Cook will continue to be employed by the Company to perform transitionary tasks at the Company’s request, subject to any approved leaves of absence. Mr. Cook will receive base salary and health insurance benefits during the transition period, but he will not be eligible to receive or vest in any additional equity-based or other incentive compensation during or following the transition period.
Following the Separation Date, if Mr. Cook timely elects COBRA coverage with respect to health insurance benefits, the Company will pay for the employer portion of the cost of such coverage for Mr. Cook and his eligible dependents through September 30, 2026, contingent on Mr. Cook providing a release of claims and continuing to comply with the Agreement.
The Agreement also includes a customary release of claims and restrictive covenants. However, following the Separation Date, Mr. Cook will be released from certain non-compete and non-solicitation obligations under his employment agreement.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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THE MANITOWOC COMPANY, INC. |
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Date: |
March 30, 2026 |
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/s/ Jennifer L. Paterson |
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Jennifer L. Peterson |