What changed in this filing

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Item 3. Legal Proceedings

2022-02-22 compared with 2021-02-16 · 48 added, 53 removed, 67 unchanged (60% of the section changed)

7 unchanged sentences

as of February 22, 2022:

McHale, 59, became President and Chief Executive Officer in June 2007.

He served as Vice President and General Manager, Lubrication Equipment Division from June 2003 to June 2007.

He was Vice President, Manufacturing and Distribution Operations from April 2001 to June 2003.

He served as Vice President, Contractor Equipment Division from February 2000 to April 2001.

From September 1999 to February 2000, he was Vice President, Lubrication Equipment Division.

Prior to September 1999, he held various manufacturing management positions in Minneapolis, Minnesota;

Plymouth, Michigan;

and Sioux Falls, South Dakota.

McHale joined the Company in 1989.

Sheahan, 57, became President and Chief Executive Officer in June 2021.

From June 2018 to June 2021, he served as Chief Financial Officer and Treasurer.

He was Vice President and General Manager, Applied Fluid Technologies Division from February 2008 until June 2018.

He served as Chief Administrative Officer from September 2005 until February 2008, and was Vice President and Treasurer from December 1998 to September 2005.

Prior to becoming Treasurer in December 1996, he was Manager, Treasury Services.

Sheahan joined the Company in 1995.

Ahlers, 63, became Executive Vice President, Human Resources and Corporate Communications in June 2018.

3 unchanged sentences

Ahlers held various human resources positions, including, most recently, Chief Human Resources Officer and Senior Managing Director of GMAC Residential Capital from August 2003 to August 2008.

He joined the Company in 2008.

Chambers, 56, became President, EMEA, and Executive Vice President, Information Systems in August 2020.

Ahlers joined the Company in 2008.

Chambers, 57, became President, EMEA, in August 2020.

From August 2020 to January 2022, she also held the additional role of Executive Vice President, Information Systems.

From June 2018 to August 2020, she served as Executive Vice President, Corporate Controller and Information Systems.

5 unchanged sentences

Prior to becoming Director of Information Systems, she held various management positions in the internal audit and accounting departments.

Prior to joining Graco, Ms.

Chambers was an auditor with Deloitte & Touche in Minneapolis, Minnesota and Paris, France.

Prior to joining Graco, she was an auditor with Deloitte & Touche in Minneapolis, Minnesota and Paris, France.

Chambers joined the Company in 1992.

Karen Park Gallivan, 64, became Executive Vice President, General Counsel and Corporate Secretary in June 2018.

She was Vice President, General Counsel and Secretary from September 2005 to June 2018.

She was Vice President, Human Resources from January 2003 to September 2005.

Prior to joining Graco, she was Vice President of Human Resources and Communications at Syngenta Seeds, Inc.

from January 1999 to January 2003.

From 1988 through January 1999, she was General Counsel of Novartis Nutrition Corporation.

Prior to joining Novartis, Ms.

Gallivan was an attorney with the law firm of Rider, Bennett, Egan & Arundel, L.L.P.

She joined the Company in 2003.

Gargano, 51, became President, Asia Pacific in July 2021.

From October 2020 to July 2021, he was Vice President of Sales and Marketing for the Advanced Fluid Dispense business segment in Asia Pacific.

He served as Vice President of Sales and Marketing for the global High Performance Coatings and Foams business segment from September 2018 until October 2020.

From January 2017 to December 2018, he served as President of Global Automotive.

He served as Director of Sales and Marketing for the Applied Fluid Technologies Division in Asia Pacific from February 2012 to January 2017.

From June 2008 to February 2012, he was Director of Sales and Marketing for the PMG business in the Lubrication Equipment Division.

Prior to becoming Director of Sales and Marketing for the PMG business in the Lubrication Equipment Division, he held various product and sales management positions.

Gargano joined the Company in 2005.

Inge Grasdal, 51, became Executive Vice President, Corporate Development in January 2022.

Prior to joining Graco, he was Vice President Corporate Development at Ecolab Inc., a global provider of water, hygiene and infection prevention solutions and services, from November 2018 to January 2022.

Prior to joining Ecolab, he was Senior Director Corporate Development at 3M Company, a diversified global technology company, from 2012 to October 2018.

From 2007 to 2012, he was Vice President Investment Banking at Piper Jaffray & Co.

Prior to joining Piper Jaffray, he held various roles in finance, consulting and engineering, including most recently as Director of Finance – Analytics at United Health Group from 2003 to 2007.

Grasdal joined the Company in January 2022.

Humke, 51, became Executive Vice President, General Counsel and Corporate Secretary in July 2021.

Before joining Graco, he was an equity partner in the Mergers & Acquisitions and Private Equity practice groups at Ballard Spahr LLP and Lindquist & Vennum LLP (which combined in January 2018) from 2004 to June 2021, and an associate from 2001 to 2003.

Prior to joining Lindquist & Vennum, he worked as an associate in the Corporate & Securities practice group of Mayer Brown LLP in Chicago from 1998 to 2001, and served as a law clerk to the Honorable John L.

Coffey on the United States Court of Appeals for the Seventh Circuit from 1997 to 1998.

Humke joined the Company in July 2021.

Johnson, 67, became President, Worldwide Contractor Equipment Division in February 2017.

3 unchanged sentences

Prior to becoming Director of Marketing, Contractor Equipment Division in June 1996, he held various marketing and sales positions in the Contractor Equipment Division and the Industrial Equipment Division.

He joined the Company in 1976.

Johnson joined the Company in 1976.

Johnson, 62, became President, Electric Motor Division in April 2020.

5 unchanged sentences

Prior to joining Graco, he held various sales and marketing positions, including, most recently, President of Johnson Krumwiede Roads, a full-service advertising agency, and European sales manager at General Motors Corp.

He joined the Company in 2006.

Lowe, 65, became President, Worldwide Process Division in April 2020.

From June 2018 to April 2020, he was President, Worldwide Industrial Products Division.

Johnson joined the Company in 2006.

Lowe, 66, became Chief Financial Officer and Treasurer in June 2021.

From April 2020 until June 2021, he served as President, Worldwide Process Division.

He was President, Worldwide Industrial Products Division from June

2018 to April 2020.

From April 2012 to June 2018, he was Executive Vice President, Industrial Products Division.

3 unchanged sentences

Lowe joined the Company in 1995.

Moreau, 60, became President, South and Central America in June 2018.

He was Vice President and General Manager, South and Central America from January 2013 to June 2018.

From November 2003 to December 2012, he was Sales and Marketing Director, EMEA, Industrial/Automotive Equipment Division.

From January 1997 to October 2003, he was Sales Manager, Middle East, Africa and East Europe.

Prior to 1997, he worked in various Graco sales engineering and sales management positions, mainly to support Middle East, Africa and southern Europe territories.

Moreau joined the Company in 1985.

O’Shea, 56, became President, Worldwide Industrial Products Division in April 2020.

From June 2018 to April 2020, he was President, Worldwide Lubrication Equipment Division.

O’Shea, 57, became President, Worldwide Lubrication Equipment Division, and President, South and Central America in January 2022.

From July 2021 to January 2022, he was President, Worldwide Industrial Products Division, and President, South and Central America.

From April 2020 to January 2022, he was President, Worldwide Lubrication Equipment Division.

He was Vice President and General Manager, Lubrication Equipment Division from January 2016 to June 2018.

4 unchanged sentences

O’Shea joined the Company in 1995.

Rothe, 47, became President, Worldwide Applied Fluid Technologies Division in June 2018.

Rothe, 48, became President, Worldwide Industrial Division in January 2022.

From June 2018 to January 2022, he was President, Worldwide Applied Fluid Technologies Division.

He was Chief Financial Officer and Treasurer from September 2015 to June 2018.

3 unchanged sentences

Rothe joined the Company in 2011.

Schoenrock, 43, became Executive Vice President, Corporate Controller and the Company’s principal accounting officer in August 2020.

Schoenrock, 44, became Executive Vice President, Corporate Controller and Information Systems in January 2022.

From August 2020 to January 2022, she was Executive Vice President, Corporate Controller.

She has served as the Company’s principal accounting officer since August 2020.

From December 2018 to August 2020, she served as Director of Corporate Finance.

She served as Director of Financial Reporting from August 2012 to December 2018.

Prior to joining Graco, Ms.

Schoenrock served as a Senior Manager in the audit practice of Deloitte & Touche LLP from 2008 to 2012, and held various positions in the audit practice of Deloitte & Touche LLP from 2002 to 2008 and in the audit practice of Arthur Andersen LLP from 2000 to 2002.

Prior to joining Graco, she served as a Senior Manager in the audit practice of Deloitte & Touche LLP from 2008 to 2012, and held various positions in the audit practice of Deloitte & Touche LLP from 2002 to 2008 and in the audit practice of Arthur Andersen LLP from 2000 to 2002.

Schoenrock joined the Company in 2012.

Sheahan, 56, became Chief Financial Officer and Treasurer in June 2018.

He was Vice President and General Manager, Applied Fluid Technologies Division from February 2008 until June 2018.

He served as Chief Administrative Officer from September 2005 until February 2008, and was Vice President and Treasurer from December 1998 to September 2005.

Prior to becoming Treasurer in December 1996, he was Manager, Treasury Services.

Sheahan joined the Company in 1995.

White, 51, became President, White Knight and QED Environmental Systems in August 2020.

White, 52, became President, Worldwide Process Division in June 2021.

From August 2020 to June 2021, he served as President, White Knight and QED Environmental Systems.

From December 2018 to August 2020, he served as President, EMEA.

6 unchanged sentences

White joined the Company in 1992.

Wordell, 49, became Executive Vice President, Operations, and President, Worldwide Oil & Natural Gas Division in April 2020.

Wordell, 50, became Executive Vice President, Operations in January 2022.

From April 2020 to January 2022, she was Executive Vice President, Operations, and President, Worldwide Oil & Natural Gas Division.

From December 2018 to April 2020, she was Executive Vice President, Operations.

5 unchanged sentences

Wordell joined the Company in 1993.

Zumbolo, 51, became President, Asia Pacific in June 2018.

From January 2016 to June 2018 he was Vice President and General Manager, Asia Pacific.

From August 2007 to December 2015, he was Vice President and General Manager, Lubrication Equipment Division.

He was Director of Sales and Marketing, Lubrication Equipment and Applied Fluid Technologies, Asia Pacific, from November 2006 through July 2007.

From February 2005 to November 2006, he was Director of Sales and Marketing, High Performance Coatings and Foam, Applied Fluid Technologies Division.

Zumbolo was Director of Sales and Marketing, Finishing Equipment from May 2004 to February 2005.

Prior to May 2004, he held various marketing positions in the Industrial Equipment division.

Zumbolo joined the Company in 1999.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 3. Legal Proceedings