American Vanguard Corporation (NYSE: AVD) — Form 8-K Summary
Event date: October 1, 2026. This filing reports executive appointments and related compensation and transition arrangements; it does not report quarterly or annual operating results.
Leadership changes
- Matthew Horwath was appointed Chief Financial Officer effective October 1, 2026. He previously served as CFO of Kustom US, Inc. and, most recently, FARO Technologies.
- David Johnson ceased serving as CFO and became Chief Accounting Officer on October 1, 2026.
Compensation and transition arrangements
- Horwath’s compensation includes a $450,000 annual base salary and a target annual bonus equal to 60% of base salary. He will also receive monthly relocation and travel allowances of $6,667 and $10,000, respectively, for 15 months.
- Horwath was granted an option for 150,000 common shares and 100,000 restricted shares, each vesting evenly on the first three anniversaries of his start date. The filing does not provide grant-date values.
- Johnson is expected to serve as Chief Accounting Officer through the end of the month in which the company files its fiscal 2026 Form 10-K, expected in March 2027. He will then continue in a non-executive role through September 30, 2027, at $20,834 per month, unless employment ends earlier.
- Under specified termination circumstances and subject to a release, Johnson may receive severance equal to 1.5 times his annual base salary plus average annual cash incentives for the prior three complete fiscal years, continued health coverage for 18 months, accelerated vesting of outstanding equity awards, and up to $10,000 in outplacement benefits.
Financial results, outlook, and risks
The filing provides no revenue, earnings, cash-flow, margin, debt, liquidity, or operating guidance information. It does not identify new business risks or contingencies beyond the disclosed compensation and severance arrangements.
Key facts for investors to verify
- Horwath’s appointment took effect October 1, 2026; confirm subsequent company disclosures on his role and compensation.
- Review the timing and terms of Horwath’s equity awards, including any further details in the referenced October 1 press release.
- Track Johnson’s transition timeline, actual termination date, and whether severance provisions are triggered.