Business Context and Reporting Period
This Form 8-K is a current report filed by Gardner Denver Holdings, Inc. on October 24, 2017, regarding events occurring on October 23, 2017. The filing addresses corporate governance changes specifically related to the Board of Directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
- Board Resignation: Pastor Velasco resigned as a member of the Board of Directors effective immediately on October 23, 2017, to pursue other opportunities.
- Reason for Departure: The resignation is not in connection with any disagreement with the Company regarding operations, policies, or practices.
- Committee Reorganization: Effective October 24, 2017, the composition of the Audit and Compensation Committees was updated:
- Audit Committee: William P. Donnelly (Chair), William E. Kassling, and Peter M. Stavros.
- Compensation Committee: Peter M. Stavros (Chair), Joshua T. Weisenbeck, and Nickolas Vande Steeg.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies beyond the standard disclosure regarding the director's departure.
Investor Verification Checklist
- Confirm the effective date of Pastor Velasco's resignation (October 23, 2017).
- Verify the new composition of the Audit and Compensation Committees as of October 24, 2017.
- Review subsequent filings to determine if a replacement director was appointed to fill the vacancy.