Trimble Inc 8-K, filed Nov 1, 2023
Trimble Inc. (TRMB)
8-K
2023-11-01
For: 2023-11-01
View Original
Added on
July 04, 2026
About this 8-K
Trimble Inc filed this 8-K on November 1, 2023.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
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
Date of Report (Date of earliest event reported): November 1, 2023
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer I.D. No.) | ||||||||||||
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (720 ) 887-6100
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
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).
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; Compensation Arrangements of Certain Officers.
On November 1, 2023, Trimble Inc. (“Trimble” or the “Company”) announced that David G. Barnes, current Chief Financial Officer of the Company, will be retiring and leaving the Company at the end of May 2024. The Company has named Phillip Sawarynski as Mr. Barnes’s successor in that role. Mr. Sawarynski currently serves as Vice President of Corporate Development, Treasurer, and Managing Director and Co-Lead at Trimble Ventures.
Mr. Sawarynski joined the Company in 2009 and has served as the Company’s Treasurer since 2018 as well as Managing Director and Co-Head of Trimble Ventures since 2021 and Vice President of Corporate Development since 2022. Mr. Sawarynski served as Finance Director in the Company’s agriculture division from 2009 to 2011 and in the Company’s Geospatial business segment from 2011 to 2013. From 2013 to 2015, Mr. Sawarynski served as General Manager of the Company’s imaging division and, from 2015 to 2018, as Sector Vice President of Finance in the Company’s mobility and intelligent transportation sectors.
Prior to joining the Company, Mr. Sawarynski served as CFO of Nexus Corporation and held a variety of finance and engineering positions at Ford Motor Company, Dow Chemical Company, and International Paper Company. He holds a Bachelor of Science degree in Chemical Engineering from the University of Michigan, and a Master of Science in Industrial Administration (MBA) from Carnegie Mellon University.
The selection of Mr. Sawarynski to serve as Chief Financial Officer was not pursuant to any arrangement or understanding with respect to any other person. In addition, there are no family relationships between Mr. Sawarynski and any director or other executive officer of the Company and there are no related persons transactions between the Company and Mr. Sawarynski reportable under Item 404(a) of Regulation S-K.
The Company expects to enter into a new compensation arrangement with Mr. Sawarynski and will disclose the material terms of this arrangement in a subsequent filing.
Item 7.01 Regulation FD Disclosure.
The Company issued a press release on November 1, 2023, announcing the changes described herein. The press release making this announcement is filed as Exhibit 99.1 to this Current Report on Form 8-K and hereby incorporated by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |||||||
| 99.1 | ||||||||
| 104 | The cover page from this Report on Form 8-K, formatted in Inline XBRL | |||||||
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.
| TRIMBLE INC. | |||||||||||
| a Delaware corporation | |||||||||||
Dated: November 1, 2023 | By: | /s/ JENNIFER A. ALLISON | |||||||||
| Jennifer A. Allison General Counsel and Secretary | |||||||||||
Exhibit 99.1
Trimble Announces David Barnes to Retire from the Company;
Phil Sawarynski Named CFO effective May 2024
Phil Sawarynski Named CFO effective May 2024
WESTMINSTER, Colo., Nov. 1, 2023 – Trimble (NASDAQ:TRMB) today announces on its third quarter fiscal 2023 earnings call that Chief Financial Officer David Barnes will retire from the company in May 2024. The company has named Phil Sawarynski, Vice President of Treasury, Corporate Development and Co-Lead of Trimble Ventures, its new CFO effective May 2024. Mr. Barnes and Mr. Sawarynski will work together over the next six months to ensure a seamless transition. Click here - https://investor.trimble.com/events-and-presentations/default.aspx - for the transcript and replay of today's earnings announcement.
“I want to thank David for his significant contributions to Trimble over the past four years. He has provided tremendous leadership to both the finance organization and the entire company. Phil Sawarynski brings over 14 years of Trimble experience to the CFO role, with a mandate to unlock shareholder value. David, Phil, and our strong finance team will work together to ensure a smooth transition over the next six months,” said Rob Painter, President and Chief Executive Officer.
Mr. Sawarynski, 51, joined Trimble in 2009 and served in various leadership roles including head of finance for the Agriculture, Geospatial and Transportation sectors. In 2018, he assumed the role of Treasurer and has since added responsibilities for Corporate Development and Co-Lead for Trimble Ventures. Prior to Trimble, Mr. Sawarynski served as CFO at Nexus Corporation along with various finance roles at Ford Motor Company. He earned a Master of Science in Industrial Administration (MBA) from Carnegie Mellon University and a BS from the University of Michigan.
About Trimble
Dedicated to the world's tomorrow, Trimble is a technology company delivering solutions that enable our customers to work in new ways to measure, build, grow and move goods for a better quality of life. Core technologies in positioning, modeling, connectivity and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products and enterprise lifecycle solutions to industry cloud services, Trimble is transforming critical industries such as construction, geospatial, agriculture and transportation to power an interconnected world of work. For more information about Trimble (NASDAQ: TRMB), visit trimble.com.