UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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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 2, 2025, Ms. Stephanie W. Everett, Chief Accounting Officer of Chart Industries, Inc. (the “Company”), announced her intention to retire from the Company effective as of May 31, 2025. Mr. Mark Durham, age 47, currently the Company’s Senior Vice President of Finance, will become the Company’s Chief Accounting Officer upon Ms. Everett’s retirement. Ms. Everett will assist with the transition of her responsibilities to Mr. Durham through the date of her retirement.
Mr. Durham has served as the Company’s Senior Vice President of Finance since May 2023, and in that role he has focused on the Company’s financial activities across the globe including regional FP&A and consolidation, shared business services and operational accounting. Prior to that, Mr. Durham was most recently the Global Finance Director at Howden, where he led, among other tasks, day-to-day finance and controlling operations, SOX and internal control and ERP/data strategy.
In connection with Mr. Durham’s promotion and additional responsibilities, the following will apply:
| • | Mr. Durham’s base salary will be increased to £315,000 on an annualized basis; |
| • | Mr. Durham’s target incentive amount for 2025 under the Company’s annual cash incentive (“STI”) program will be increased to 40% of his base salary; and |
| • | Mr. Durham’s long-term incentive (“LTI”) target will be increased to 50% of his base salary. |
The revised STI and LTI targets will apply for the full fiscal 2025.
There are no arrangements or undertakings between Mr. Durham and other persons pursuant to which he was selected to serve as the Company’s Chief Accounting Officer, nor are there any family relationships between Mr. Durham and any of the Company’s directors or executive officers. Mr. Durham has no material interest in any transactions, relationships or arrangements with the Company that would require disclosure under Item 404(a) of Regulation S-K promulgated under the Securities Exchange Act of 1934, as amended.
SIGNATURE
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.
| Chart Industries, Inc. | ||||||
| Date: May 5, 2025 |
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| By: | /s/ Jillian C. Evanko | |||||
| Name: | Jillian C. Evanko | |||||
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Title: | President and Chief Executive Officer | ||||