Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously announced, on June 20, 2021, Raven Industries, Inc. ("Raven"),
entered into an Agreement and Plan of Merger with CNH Industrial N.V., a
Netherlands public limited liability company ("CNH Industrial"), and CNH
Industrial South Dakota, Inc., a South Dakota corporation and wholly owned
subsidiary of CNH Industrial.
Pending the successful completion of the transaction, Mr. Rykhus has provided
notice of his retirement from Raven Industries. Mr. Rykhus has served as the
President and Chief Executive Officer of Raven for the past 11 years and held
other significant leadership roles during his 31 years with Raven. Mr. Rykhus
plans on joining CNH Industrial as an Executive Strategic Advisor helping the
CNH Industrial executives and Raven leaders build a successful combined company.
In this new role Mr. Rykhus will report to Mr. Wine, CNH Industrial Chief
Executive Officer.
Additionally, Mr. Brazones has provided notice of his intent to terminate his
employment from Raven Industries pending the successful completion of the
transaction. Mr. Brazones has served as the Division Vice President and General
Manager of the Applied Technology Division for the previous year and the Vice
President and Chief Financial Officer for 6 years prior to his current position.
In the unlikely event that the transaction does not successfully reach
completion, Mr. Brazones will continue his employment as the Division Vice
President and General Manager of the Applied Technology Division.
Item 9.01. Financial Statements and Exhibits
Exhibit
No. Description
104 Cover page Interactive Data File (embedded within the Inline XBRL document)
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