Short answer
CTS CORP (CTS) filed an 8-K current report with the SEC on June 25, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). CEO succession effective July 6, 2026: Pratik Trivedi replaces Kieran O’Sullivan, who becomes Executive Chairman.
CTS CORP 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CEO succession effective July 6, 2026: Pratik Trivedi replaces Kieran O’Sullivan, who becomes Executive Chairman
- Trivedi’s appointment adds a ninth director, expanding the Board from eight members
- New CEO compensation: $675,000 salary, 100% target bonus, and $2.15 million long-term incentive award
- Trivedi’s equity award mix: 60% performance-based PSUs and 40% service-based RSUs
- O’Sullivan retains $625,000 salary, 100% target bonus, existing equity vesting, and CIC protections as Executive Chairman
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