SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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 June 2, 2021, Hillenbrand, Inc. (the “Company”) announced the decision of Joe A. Raver to retire from the Company as its President and Chief Executive Officer and a member of the Board of Directors (the “Board”), effective December 31, 2021. Concurrently, the Company announced that Kimberly K. Ryan, Hillenbrand Senior Vice President and President of its Coperion business, has been selected to succeed Mr. Raver as President and Chief Executive Officer, effective January 1, 2022, at which time she will also join the Board. In the interim, Ms. Ryan has been named Executive Vice President, effective immediately. Mr. Raver and Ms. Ryan will work closely together to ensure a smooth leadership transition.
Ms. Ryan, age 54, has been with the Company since 1989. During her tenure, she has served in a variety of senior leadership roles, including President of Batesville Casket Company, and most recently as President of Coperion since 2015. As Executive Vice President, Ryan moves out of her role as President of Coperion. Ulrich Bartel, President of Coperion’s Polymer Division, has been named Coperion President and joins the Hillenbrand Executive Management Team, effective immediately.
The Company expects to enter into a new employment agreement and change in control agreement with Ms. Ryan, and at such time will file an amendment to this Form 8-K summarizing the terms of these agreements.
There are no family relationships between Ms. Ryan and any director or executive officer of the Company that are required to be disclosed pursuant to Item 401(d) of Regulation S-K, and there are no transactions between the Company and Ms. Ryan that would require disclosure under Item 404(a) of Regulation S-K. Mr. Raver’s resignation was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices.
The press release attached as Exhibit 99.1 to this Report contains more detail regarding the retirement and appointments set forth above.
Item 7.01 Regulation FD Disclosure.
Exhibit 99.1 is incorporated into this Item 7.01 by reference. The information furnished in this Item 7.01 and Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any Company filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
|99.1||Press Release, dated June 2, 2021|
|104||Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.|
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.
|Date: June 2, 2021||HILLENBRAND, INC.|
|By:||/s/ Nicholas R. Farrell|
|Name:||Nicholas R. Farrell|
|Title:||Senior Vice President, General Counsel, Secretary and Chief Compliance Officer|