Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 24, 2020, John Bean Technologies Corporation (the "Company")
announced that Brian A. Deck will resume his role as Interim President and Chief
Executive Officer, effective immediately.
Following further discussions with the Company's Board of Directors, Thomas W.
Giacomini has decided that he is unable to return as Chief Executive Officer of
the Company and has stepped down, effective immediately, to focus on his health
and recovery. He resigned from the Board of Directors on September 22, 2020.
Alan Feldman will continue in his role as Non-Executive Chairman on a permanent
basis. Matt Meister, Vice President and CFO for JBT Protein, has been named
Interim Chief Financial Officer. Mr. Meister joined JBT in May 2019 and has
responsibility for all finance activity for the Protein Division within the
FoodTech segment. He brings a strong track record of driving results and
developing process improvements in complex, global businesses to the role of
Interim CFO.
Matt Meister, age 42, joined the Company in May 2019 as Vice President and CFO
for JBT Protein. Prior to joining the Company, Mr. Meister served as Group Vice
President, Health and Science Technologies, of IDEX Corporation ("IDEX") from
January 2019 to May 2019, as Group Vice President of Finance and IT of IDEX from
2015 to January 2019 and as Vice President of Finance and IT of IDEX from 2013
to 2015. Prior to joining IDEX in 2013, he held various roles of increasing
responsibility at Navistar International Corporation. Mr. Meister holds an MBA
from The University of Chicago Booth School of Business and an undergraduate
degree in Finance and Operations Management from Washington University in St.
Louis.
In connection with Mr. Deck's appointment as Interim President and Chief
Executive Officer, Mr. Deck's bi-weekly salary will remain at an annual rate of
$820,000, instead of returning to the annual rate he received prior to assuming
the Interim Chief Executive Officer role, and will continue for the period he
serves in the role of Interim President and Chief Executive Officer. The terms
of the compensation arrangements with Mr. Meister with respect to his service as
Interim Chief Financial Officer, and with Mr. Giacomini with respect to his
separation from the Company, will be disclosed in a subsequent Current Report on
Form 8-K.
Item 7.01. Regulation FD Disclosure.
On September 24, 2020, the Company issued a press release with respect to the
matters described in Item 5.02. A copy of the press release is furnished with
this report as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Exhibit No. Description
99.1 Press Release issued on September 24, 2020.
104 Cover Page Interactive Data File (the cover page XBRL tags are
embedded within the Inline XBRL document).
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