Short answer
Eaton Corporation (ETN) filed an 8-K current report with the SEC on March 2, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). Eaton names David B. Foster (54) as EVP & CFO effective March 2, 2026: an internal veteran with ~29 years prior Eaton finance experience, including roles in M&A, Treasury, and FP&A.
Eaton Corporation 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Eaton names David B. Foster (54) as EVP & CFO effective March 2, 2026: an internal veteran with ~29 years prior Eaton finance experience, including roles in M&A, Treasury, and FP&A
- Foster's total compensation package: $815K base salary, 100% target STI, plus $3.5M in equity grants (stock options $875K, RSUs $875K, PSUs $1.75M at target)
- Outgoing CFO Olivier Leonetti departs March 13, 2026: succession was planned, reducing transition risk (Leonetti's departure announced November 14, 2025)
- Foster previously consulted for Eaton on its Mobility segment spin-off; paid ~$233,600 from Jan 2025 through appointment: signals continuity on strategic spin-off execution
- Change of control severance = 3x base + target incentive (~$4.9M cash) plus 3 years health benefits: standard for C-suite but notable given active spin-off activity
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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