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(Address of principal executive offices, including Zip Code)
(i312) i861-5900
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
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the appropriate box below if the Forms 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Securities registered pursuant to section 12(b) of the Act:
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symbol(s)
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iCommon Stock, par value $0.01 per share
iJBT
iNew
York Stock Exchange
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 Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On
August 15, 2022, Carlos Fernandez, Executive Vice President, President Diversified Food & Health, of John Bean Technologies Corporation (the “Company”) resigned from such position, effective October 1, 2022. Mr. Fernandez will transition into the role of Executive Vice President, Customer Sustainability and Market Development. Mr. Fernandez will no longer serve as an executive officer of the Company after his role is transitioned.
On August 16, 2022, the Board of Directors of the Company appointed Luiz “Augusto” Rizzolo to serve as the
Company’s Executive Vice President, President Diversified Food & Health, effective October 1, 2022. Mr. Rizzolo currently serves as the Company’s President, Protein North America. In connection with and at the effective time of Mr. Rizzolo’s appointment to his new role, his annual salary will be increased to $415,000, his annual management incentive plan (“MIP”) target payout will be 60% of his base salary for 2023 (for 2022, targets will be pro-rated based on time served in each role), and he will receive a long-term incentive plan (“LTIP”) award in 2023 with an expected grant date value of $425,000. Mr. Rizzolo will become party to an Amended and Restated Executive Severance Agreement with the Company, effective upon his
appointment to his new role, in the form of agreement previously filed by the Company with the Securities and Exchange Commission.
Mr. Rizzolo, age 44, joined the Company in September 2019 as the Vice President, General Manager of Protein North America Customer Care, becoming President, Protein North America in July 2020. From March 2018 to August 2019, he was the Group President, Specialty Retail Business at Marmon Holdings, Inc. Prior to that, Mr. Rizzolo worked at Illinois Tool Works from 2014 as VP/GM at various times of each of the Global Weight & Wrap Division and the North America Service Division, and at Whirlpool Corporation from March 2003 to January 2014 in
positions of increasing responsibility. Mr. Rizzolo holds a B.Sc. in Mechanical & Industrial Engineering from Politecnico di Torino (Torino, Italy) and an Executive MBA from the University of Illinois Urbana-Champaign.
There are no arrangements or understandings between Mr. Rizzolo and any other persons pursuant to which he was selected as an officer of the Company, he has no family relationships with any of the Company’s directors or executive officers, and he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
A letter describing the changes to Mr. Rizzolo’s employment
terms and compensation is attached as Exhibit 10.1 to this Current Report on Form 8-K.A Transition Agreement between Mr. Fernandez and the Company is attached as Exhibit 10.2 to this Current Report on Form 8-K.The foregoing descriptions of these agreements are qualified in their entirety by the full text of the agreements, which are incorporated herein by reference.
Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document).
SIGNATURE
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.
