Short answer
AMERICAN VANGUARD CORP (AVD) filed an 8-K current report with the SEC on October 1, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers), Item 7.01 (Regulation FD Disclosure), Item EX-99.1 (Exhibit EX-99.1). Matthew Horwath appointed CFO effective October 1, 2026, bringing FARO finance, M&A, capital markets, and reporting experience.
AMERICAN VANGUARD CORP 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Matthew Horwath appointed CFO effective October 1, 2026, bringing FARO finance, M&A, capital markets, and reporting experience
- CFO compensation: $450,000 base salary, 60% bonus target, plus $6,667 monthly relocation and $10,000 monthly travel allowances
- Equity package: options for 150,000 shares and 100,000 restricted shares, vesting over three years
- David Johnson transitioned from CFO to Chief Accounting Officer through expected March 2027 Form 10-K filing
- Johnson’s transition includes $20,834 monthly salary through September 30, 2027 and potential 1.5x severance, benefits, and accelerated equity vesting
Item 7.01 · Regulation FD Disclosure
- Exhibit 99.1 furnished under Regulation FD, not deemed filed under Exchange Act Section 18
- Disclosure excluded from automatic incorporation into other Securities Act or Exchange Act filings
- No operating, financial, or strategic information provided in the Item 7.01 text
Item EX-99.1 · Exhibit EX-99.1
- Matt Horwath becomes CFO October 1, 2026, replacing David Johnson in a planned leadership transition
- David Johnson remains Chief Accounting Officer through March 2027, then non-executive employment through September 2027
- New CFO’s mandate centers on financial discipline, capital allocation, operational performance and strategic execution
- Horwath brings nearly 20 years of finance experience and prior public-company CFO leadership at FARO Technologies
- Transition continuity reduces near-term disruption while signaling potential changes to resource allocation and performance management
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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