What changed in this filing

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Item 3. Legal Proceedings

2024-02-20 compared with 2023-02-21 · 39 added, 33 removed, 96 unchanged (43% of the section changed)

9 unchanged sentences

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.

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

He served as Chief Administrative Officer from September 2005 to 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, 64, became Executive Vice President, Human Resources and Corporate Communications in June 2018.

From April 2010 to June 2018, he was Vice President, Human Resources and Corporate Communications.

From September 2008 through March 2010, he served as the Company’s Vice President, Human Resources.

Prior to joining Graco, Mr.

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.

Ahlers joined the Company in 2008.

Ronita Banerjee, 46, became Executive Vice President and Chief Human Resources Officer in May 2023.

Before joining Graco, Ms.

Banerjee was Global Human Resources Vice President and Chief Human Resources Officer at Westinghouse Electric Company LLC, a provider of nuclear products and services to utilities globally, from May 2019 to April 2023.

From December 2017 to May 2019, she served as Global Human Resources Vice President, Building Solutions, and Global Human Resources Director, at Honeywell Inc., a diversified technology and manufacturing company, prior to which she served as Global Human Resources Director from April 2015 to December 2017.

Prior to her time at Honeywell, Ms.

Banerjee was Senior Human Resources Manager at General Mills, Inc., a global manufacturer and marketer of branded consumer foods, from May 2007 to March 2015, and Compensation Consultant and Staffing Specialist at Dell Technologies Inc., from October 2003 to May 2005 and March 2003 to September 2003, respectively.

Banerjee joined the Company in May 2023.

Chambers, 59, became President, EMEA in August 2020.

11 unchanged sentences

From September 2021 to December 2022, she served as Vice President of Marketing for the Lubrication Equipment Division and Vice President of Marketing for South and Central America.

From 2017 to 2021, she served as the Director of Marketing for the Lubrication Equipment Division.

From 2015 to 2017 she served as a Senior Global Marketing Manager for the Lubrication Equipment Division.

From 2010 to 2015, she was a Senior Global Product Marketing Manager for the Lubrication Equipment Division.

From July 2017 to September 2021, she served as the Director of Marketing for the Lubrication Equipment Division.

From December 2015 to July 2017 she served as a Senior Global Marketing Manager for the Lubrication Equipment Division.

From 2010 to December 2015, she was a Senior Global Product Marketing Manager for the Lubrication Equipment Division.

Prior to that, she worked in various product marketing and channel marketing roles for the Lubrication Equipment Division and Industrial Products Division.

2 unchanged sentences

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.

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

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.

11 unchanged sentences

Humke joined the Company in July 2021.

Johnson, 68, became President, Worldwide Contractor Equipment Division in February 2017.

Johnson, 69, became Chief Commercial Development Officer in January 2024, prior to which he was President, Worldwide Contractor Equipment Division, from February 2017 to December 2023.

From April 2001 through January 2017, he served as Vice President and General Manager, Contractor Equipment Division.

3 unchanged sentences

Johnson joined the Company in 1976.

Johnson, 63, became President, Electric Motor Division in April 2020.

From December 2018 to April 2020, he was President, New Ventures.

From June 2018 to December 2018, he was President, EMEA.

He served as Vice President and General Manager, EMEA from January 2013 to June 2018.

From February 2008 to December 2012, he was Vice President and General Manager, Asia Pacific.

He served as Director of Sales and Marketing, Applied Fluid Technologies Division, from June 2006 until February 2008.

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.

Johnson joined the Company in 2006.

Christopher D.

Knutson, 46, became Executive Vice President, Corporate Controller in May 2023.

He has served as the Company’s principal accounting officer since May 2023.

From April 2020 to May 2023, he was Director of Corporate Treasury and Investor Relations, and from July 2017 to April 2020, was Director of Corporate Treasury and Regional Controller, South and Central America.

From May 2016 to July 2017, he was Vice President of Finance at United Skin Specialists, after which he returned to Graco.

From June 2010 to May 2016, he served in several Controller roles at Graco, including in the Applied Fluid Technologies Division, the Asia Pacific region, and the Lubrication Equipment Division, and from August 2008 to August 2010 was Internal Audit Manager.

Prior to joining Graco, Mr.

Knutson worked at PricewaterhouseCoopers for seven years within their audit practice.

He joined the Company in 2008.

Lowe, 68, became Chief Financial Officer and Treasurer in June 2021.

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

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

He was President, Worldwide Industrial Products Division from June 2018 to April 2020.

4 unchanged sentences

Lowe joined the Company in 1995.

Claudio Merengo, 53, became President, Worldwide Gema in 2007.

Claudio Merengo, 54, became President, Worldwide Gema in 2007, his title having been changed to President, Worldwide Powder Division in February 2024.

During this time, he also served as Group President, ITW Finishing from 2010 to 2012 and Group President, ITW Dynatec from 2008 to 2009.

2 unchanged sentences

From 1994 to 1999, he held different positions in R&D, Sales and After Sales for Gema.

He joined Gema in 1994.

Gema has been part of Graco since the acquisition of the ITW Finishing Group in 2012.

Merengo became an executive officer of Graco in 2023.

Merengo joined Gema in 1994.

O’Shea, 59, became President, Worldwide Lubrication Equipment Division, and President, South and Central America in January 2022.

3 unchanged sentences

From January 2013 to December 2015, he was Vice President and General Manager, Asia Pacific.

From January 2012 until December 2012, he was Director of Sales and Marketing, Industrial Products Division, and from 2008 to 2012, he was Director of Sales and Marketing, Industrial Products Division and Applied Fluid Technologies Division.

From January 2012 to December 2012, he was Director of Sales and Marketing, Industrial Products Division, and from 2008 to January 2012, he was Director of Sales and Marketing, Industrial Products Division and Applied Fluid Technologies Division.

He was Country Manager, Australia - New Zealand from 2005 to 2008, and from 2002 to 2005 he served as Business Development Manager, Australia - New Zealand.

8 unchanged sentences

Rothe joined the Company in 2011.

Schoenrock, 45, 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.

Schoenrock, 46, became Executive Vice President and Chief Technology Officer in May 2023, her title having been changed to Executive Vice President and Chief Information Officer in February 2024.

From January 2022 to April 2023, she was Executive Vice President, Corporate Controller and Information Systems, and from August 2020 to January 2022, she was Executive Vice President, Corporate Controller.

She also served as the Company’s principal accounting officer from August 2020 to April 2023.

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

2 unchanged sentences

Schoenrock joined the Company in 2012.

Thompson, 56, became President, Worldwide Contractor Equipment Division in January 2024.

From December 2021 to December 2023, he was Vice President of Engineering, Worldwide Contractor Equipment Division, and from 2007 to December 2021, he was Director of Engineering, Worldwide Contract Equipment Division.

Prior to 2007, he held various engineering-related positions within the Contractor Equipment Division.

Thompson joined the Company in 1988.

White, 54, became President, Worldwide Process Division, in June 2021.

5 unchanged sentences

From May 2011 to April 2012, he was North American Sales Manager, Applied Fluid Technologies Division.

From January 2008 until April 2011, he was Operations Director, Contractor Equipment Division.

From January 2008 to April 2011, he was Operations Director, Contractor Equipment Division.

Prior to January 2008, he held various manufacturing management positions.

5 unchanged sentences

From January 2017 to April 2017, she served as Strategic Sourcing Director.

From March 2010 until January 2017, she was Operations Director, Industrial Products Division and China Factory.

From February 2008 until March 2010, she was Operations Manager, Industrial Products Division.

From March 2010 to January 2017, she was Operations Director, Industrial Products Division and China Factory.

From February 2008 to March 2010, she was Operations Manager, Industrial Products Division.

Prior to February 2008, she held various manufacturing management and engineering positions.

1 unchanged sentence

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