1 unchanged sentence
Twin Disc is a defendant in certain product liability or related claims of which the ultimate outcome and liability to the Company, if any, are not presently determinable.
−Removed: Management believes that the final disposition of such litigation will not have a material impact on the Company’s results of operations, financial position or cash flows.
+Added: Management believes that the final disposition of such litigation will not have a material impact on the Company’s results of operations, financial position or cash flows.
Mine Safety Disclosures
1 unchanged sentence
Information About Our Executive Officers
−Removed: Pursuant to General Instruction G(3) of Form 10-K, the following list is included as an unnumbered Item in Part I of this Report in lieu of being included in the Proxy Statement for the Annual Meeting of Shareholders to be held on October 29, 2020.
+Added: Pursuant to General Instruction G(3) of Form 10‑K, the following list is included as an unnumbered Item in Part I of this Report in lieu of being included in the Proxy Statement for the Annual Meeting of Shareholders to be held on October 28, 2021.
Chief Executive Officer
President, Chief Operating Officer
−Removed: Vice President – Finance, Chief Financial Officer, Treasurer and Secretary
−Removed: Vice President – Engineering
−Removed: Vice President – Hybrid Engineering
+Added: Vice President – Finance, Chief Financial Officer, Treasurer and Secretary
Corporate Controller
−Removed: Vice President – Human Resources
Officers are elected annually by the Board of Directors at the Board meeting held in conjunction with each Annual Meeting of the Shareholders.
4 unchanged sentences
Prior to that, Mr.
−Removed: Batten served as President and Chief Executive Officer since July 2013, President and Chief Operations Officer since July 2008, Executive Vice President since October 2004, Vice President and General Manager – Marine Products since October 2001 and Commercial Manager – Marine since 1998.
+Added: Batten served as President and Chief Executive Officer since July 2013, President and Chief Operations Officer since July 2008, Executive Vice President since October 2004, Vice President and General Manager –
+Added: Marine Products since October 2001 and Commercial Manager –
+Added: Marine since 1998.
Batten joined Twin Disc in 1996 as an Application Engineer.
7 unchanged sentences
Feiertag was the Vice President of Manufacturing for the Drives and System Group of Rockwell Automation.
−Removed: Knutson, Vice President – Finance, Chief Financial Officer, Treasurer and Secretary.
+Added: Knutson, Vice President –
+Added: Finance, Chief Financial Officer, Treasurer and Secretary.
Knutson was named Chief Financial Officer and Treasurer in June 2015.
−Removed: Knutson was named Vice President – Finance, Interim Chief Financial Officer and Interim Treasurer in February 2015.
+Added: Knutson was named Vice President –
+Added: Finance, Interim Chief Financial Officer and Interim Treasurer in February 2015.
Knutson was appointed Corporate Secretary in June 2013, and was Corporate Controller from his appointment in October 2005 until August 2015.
2 unchanged sentences
Knutson held Operational Controller positions with Tower Automotive (since August 2002) and Rexnord Corporation (since November 1998).
−Removed: Bratel, Vice President – Engineering.
−Removed: Bratel assumed his current role on July 13, 2020, after serving as Vice President, Sales and Applied Technology since August 2016.
−Removed: He served as Vice President, Sales and Marketing (since 2015), Vice President, Americas (since June 2013), Vice President, Engineering (since November 2004), Director of Corporate Engineering (since January 2003), Chief Engineer (since October 2001) and Engineering Manager (since December 1999).
−Removed: Bratel joined Twin Disc in 1987.
−Removed: Gee, Vice President – Hybrid Engineering.
−Removed: Gee assumed his current role on July 13, 2020, after serving as Vice President, Engineering since January 2015.
−Removed: Prior to that, he was Director of Engineering (since July 2013), Chief Engineer (since September 2004) and has held several other positions in the Company, including Engineering Manager, Project Engineer, Design Engineer, and Experimental Engineer.
Lange, Corporate Controller.
4 unchanged sentences
Lange held the position of Director of Global Accounting and Reporting at Diversey, Inc.
−Removed: Wilcox, Vice President - Human Resources.
−Removed: Wilcox was promoted to her current role in November 2004, after serving in the role of Director, Corporate Human Resources since 2002.
−Removed: Prior to that, she held the role of Manager, Compensation and Benefits since her hire in 1998.
−Removed: Before joining the Company, Ms.
−Removed: Wilcox held positions at Johnson International and Runzheimer International.
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.