Owens Corning 8-K Summary: Executive Leadership Changes
Business Context and Reporting Period
This Form 8-K, dated July 24, 2026, reports significant changes to Owens Corning's executive leadership team effective August 10, 2026. The filing details the appointment of a new Chief Financial Officer (CFO) and the promotion of the current CFO to President and Chief Operating Officer (COO).
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on executive compensation and organizational restructuring.
Material Changes
- New CFO Appointment: Jonathan M. Collins, formerly CFO of Clarivate Plc, is appointed Executive Vice President and Chief Financial Officer.
- COO Promotion: Todd W. Fister, currently Executive Vice President, Chief Financial and Operating Officer, is promoted to President and Chief Operating Officer.
- Reporting Structure: The Presidents of the Roofing, Doors, and Insulation businesses will now report to Mr. Fister.
- CEO Continuity: Brian D. Chambers continues to serve as Chief Executive Officer.
Compensation, Risks, and Unusual Items
Compensation for Jonathan M. Collins (New CFO):
- Base Salary: $775,000 annually.
- Target Cash Incentive: 100% of base salary ($775,000), with a range of 0% to 200%.
- Sign-on Bonus: $500,000, subject to repayment if employment ends voluntarily within 12 months.
- Initial Equity Award:
- $1.5 million in performance share units (0% to 200% payout potential).
- $1 million in restricted stock units (RSUs) cliff-vesting in 30 months.
- $2 million in RSUs vesting 50% at 12 months and 50% at 18 months.
- Long-Term Incentives (2027): Target award value of $2.75 million.
- Severance: Standard Key Management Severance Agreement providing up to 2x (base + target incentive) cash severance upon qualifying involuntary termination.
Retention Awards for Business Presidents:
- Nicolas Del Monaco (President, Roofing) and Rachel Marcon (President, Doors) each received $1 million in RSUs.
- Awards cliff-vest after three years contingent on continued service.
Investor Verification Checklist
- Verify the effective date of Jonathan M. Collins' tenure (August 10, 2026) and the transition timeline for Todd W. Fister.
- Confirm the total potential equity value granted to Mr. Collins, noting the performance-based nature of the $1.5 million PSU award.
- Review the specific performance criteria for the 2026-2028 performance share units to understand payout risks.
- Assess the impact of the new reporting structure on the Roofing, Doors, and Insulation business segments.
- Check for any subsequent filings regarding the departure of the previous CFO or other executive changes not detailed here.