Mettler-Toledo International Inc. filed SEC Form 8-K: Leadership Update
$MTD
Biotechnology: Laboratory Analytical Instruments
Industrials
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
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(Exact name of registrant as specified in its charter)
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and Im Langacher, P.O. Box MT-100 CH Greifensee, Switzerland | and 8606 | |||||||||||||
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Registrant’s telephone number, including area code: 1-614 -438-4511 and +41-44-944-22-11
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2). 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 May 8, 2025, the Compensation Committee of the Board of Directors of Mettler-Toledo International Inc. (the “Company”), with guidance from the Committee’s independent compensation consultant, approved the grant of 2025 long-term incentive (“LTI”) awards to the Company’s named executive officers (“NEOs”).
The Committee approved a bifurcated grant structure and composition for 2025 LTI awards that will comprise 1/3 performance share units, 1/3 non-qualified stock options, and 1/3 restricted stock units, of which half will be granted in May 2025 and half will be granted in November 2025.
The Committee believes that bifurcating the 2025 LTI awards into two grants and modifying the composition of each grant improves the retentive and motivational objectives of the compensation program in the current environment.
General vesting schedules remain unchanged.
The awards were granted under the Company’s Equity Incentive Plan, as amended. Additional details follow for the May 2025 grant:
| Named Executive Officer and Title | PSUs* | Non-qualified Stock Options* | RSUs* | ||||||||
Patrick Kaltenbach, Chief Executive Officer | 679 | 1,855 | 728 | ||||||||
Shawn P. Vadala, Chief Financial Officer | 235 | 640 | 252 | ||||||||
Marc de La Gueronniere, Head of European and North American Market Organizations | 174 | 475 | 186 | ||||||||
Gerhard Keller, Head of Process Analytics | 82 | 225 | 88 | ||||||||
Richard Wong, Head of Asia and Pacific | 84 | 230 | 90 | ||||||||
*For the May 2025 grant, share amounts were determined using the Company’s closing stock price and other valuation assumptions on the grant date, May 8, 2025. Under this grant, the CEO’s target LTI value increased by approximately 5% versus 2024, while the NEOs’ target LTI value increased by approximately 10%.
The foregoing description is qualified in its entirety by reference to the Company’s Equity Incentive Plan, as amended.
SIGNATURES
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.
| METTLER-TOLEDO INTERNATIONAL INC. | ||||||||
| Date: May 12, 2025 | By: | /s/ Michelle M. Roe | ||||||
| Michelle M. Roe | ||||||||
| Chief Legal Officer | ||||||||