Short answer
TEREX CORP (TEX) filed an 8-K current report with the SEC on March 6, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). Stephen Johnston out as VP/Chief Accounting Officer & Controller effective March 2, 2026: departure tied to post-merger REV integration, not disagreement.
TEREX CORP 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Stephen Johnston out as VP/Chief Accounting Officer & Controller effective March 2, 2026: departure tied to post-merger REV integration, not disagreement
- Joseph LaDue, 46, named replacement: previously REV's VP/Corporate Controller & CAO since Dec 2022, prior 13 years at KPMG
- LaDue base salary $357,500 with 40% annual bonus target and initial LTI award of $139,000
- Annual LTI awards expected at ~85% of base salary (~$304K), subject to performance
- Leadership continuity risk modest: LaDue's direct REV background smooths integration of accounting functions across merged entity
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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