Business Context and Reporting Period
Company: NN, Inc. (NNBR)
Filing Type: Form 8-K (Current Report)
Date of Report: June 10, 2026
Reporting Period: Event date June 10, 2026; Transition effective July 9, 2026
Key Financial Metrics
This filing is a current report regarding executive personnel changes and does not contain financial statements. Consequently, data regarding revenue, profit, cash flow, margins, debt, and liquidity are not provided in this document.
Material Changes
- Executive Departure: Jami A. Statham notified the Company of her intention to step down as Senior Vice President, General Counsel, and Corporate Secretary.
- Effective Date: Her departure is effective as of the close of business on July 9, 2026.
- Reason for Departure: The filing explicitly states the decision was not the result of any disagreement with the Company regarding operations, policies, or practices.
- Succession Plan: The Company intends to retain an external search firm to identify candidates for the vacant roles.
Guidance, Outlook, and Management Commentary
Transition Arrangements: A Transition Agreement dated June 11, 2026, was executed with Ms. Statham. Key terms include:
- Continued service through the Transition Date.
- Receipt of current base salary and standard benefits.
- Continued vesting of outstanding equity awards through the Transition Date.
- Eligibility for a pro-rated portion of the 2026 annual target bonus.
- Condition: Receipt of payments and benefits is contingent upon the execution of a customary release of claims in favor of the Company.
Outlook: No financial guidance or forward-looking statements regarding business performance were included in this filing.
Investor Verification Checklist
- Verify the terms of the Transition Agreement (Exhibit 10.1) for specific details on severance or bonus calculations not fully detailed in the summary.
- Monitor future filings for the appointment of a new General Counsel and Corporate Secretary.
- Review the Company's next quarterly report (10-Q) or annual report (10-K) for any financial impact related to executive compensation changes.