UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 17, 2023
(Exact name of registrant as specified in its charter)
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Registrant’s telephone number, including area code: (706 ) 629-7721
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities Registered Pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
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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 July 17, 2023, Mohawk Industries, Inc. (the “Company”) announced that Wim Messiaen, who has served for the past five years as Chief Executive Officer of the corrugated packaging division of VPK Group, will join the Company on October 16, 2023, following the completion of his contractual notice, and will succeed Bernard Thiers as president of the Company’s Flooring Rest of the World segment effective February 1, 2024. Mr. Thiers will continue in a senior advisory role after February 1, 2024, to ensure a successful transition of the business and its strategies.
Item 7.01 Regulation FD Disclosure.
On July 17, 2023, the Company issued a press release announcing the leadership change set forth in Item 5.02 above. A copy of the Company’s press release is attached hereto as Exhibit 99.1.
This information, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any 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 a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
104 Interactive Data File
SIGNATURES
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.
Mohawk Industries, Inc. | ||||||||||||||||||||
Date: | July 17, 2023 | By: | /s/ R. David Patton | |||||||||||||||||
R. David Patton | ||||||||||||||||||||
Vice President - Business Strategy and General Counsel | ||||||||||||||||||||
| NEWS RELEASE | |||||||||||||||||
For Release: Immediately
Contact: Robert Webb
robert_webb@mohawkind.com
robert_webb@mohawkind.com
MOHAWK ANNOUNCES PLANNED TRANSITION OF
FLOORING REST OF THE WORLD SEGMENT LEADERSHIP
Calhoun, Georgia, July 17, 2023 —Mohawk Industries, Inc. (NYSE: MHK) today announced that Wim Messiaen will join the Company on October 16, 2023, following the completion of his contractual notice, and will succeed Bernard Thiers as president of the Company’s Flooring Rest of the World segment effective February 1, 2024. Mr. Thiers will continue in a senior advisory role after February 1 to ensure a successful transition of the business and its strategies.
For the past five years, Mr. Messiaen has served as CEO of the corrugated packaging division of VPK Group. Prior to that, he worked for sixteen years with Etex, a leading global building materials company, where his last position was division manager of Roofing - Central and Eastern Europe. Earlier, Mr. Messiaen served as managing director of Domo Group’s contract carpet tile division.
“Wim has an excellent record as an inspirational leader,” said Jeffrey S. Lorberbaum, Mohawk’s chairman and chief executive officer. “His expertise includes driving organic growth on an international scale, including brown and green field initiatives and numerous acquisitions and divestments. Wim has successfully launched new product categories and built brands from the ground up as well as reorganizing businesses to optimize their results. His background encompasses many product categories, including fiber-based packaging, exterior cladding, roofing, internal partitions and flooring. Wim will complement our outstanding Flooring Rest of the World team and continue our profitable growth.”
Since 2009, Mr. Thiers has led Mohawk’s Flooring Rest of the World segment. He dramatically expanded the business into new geographies and product categories while developing a talented leadership team. Under Mr. Thiers’ leadership, the business executed multiple transformational acquisitions, including IVC Group in Europe and Godfrey Hirst, the largest flooring business in Australia and New Zealand. He built the panels and insulation businesses into industry leaders both through organic growth and acquisitions. Mr. Thiers’ focus on product innovation led to the creation of breakthrough innovations in flooring, resulting in a leading patent portfolio and licensing business.
“I appreciate Bernard’s many important contributions to the growth of our business,” said Lorberbaum. “He will continue to play an important role in the long-term success of Mohawk Industries.”
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Certain of the statements in the immediately preceding paragraphs, particularly anticipating future performance, business prospects, growth and operating strategies and similar matters and those that include the words “could,” “should,” “believes,” “anticipates,” “expects,” and “estimates,” or similar expressions constitute “forward-looking statements.” For those statements, Mohawk claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. There can be no assurance that the forward-looking statements will be accurate because they are based on many assumptions, which involve risks and uncertainties. The following important factors could cause future results to differ: changes in economic or industry conditions; competition; inflation and deflation in raw material prices and other input costs; inflation and deflation in consumer markets; energy costs and supply; timing and level of capital expenditures; timing and implementation of price increases for the Company’s products; impairment charges; integration of acquisitions; international operations; introduction of new products; rationalization of operations; taxes and tax reform, product and other claims; litigation; and other risks identified in Mohawk’s SEC reports and public announcements.
ABOUT MOHAWK INDUSTRIES
Mohawk Industries is the leading global manufacturer of flooring products that enhance residential and commercial spaces around the world. Mohawk’s industry leading innovation has yielded products and technologies that differentiate its brands in the marketplace and satisfy all remodeling and new construction requirements. During the past three decades, Mohawk has transformed its business from an American carpet manufacturer into the world’s largest flooring company with operations on five continents. Mohawk’s vertically integrated manufacturing and distribution processes provide competitive advantages in the production of carpet, rugs, ceramic tile, laminate, wood, stone and vinyl flooring as well as chipboard, melamine board, high pressure laminate decorative panels and insulation products. Mohawk’s brands are among the most recognized in the industry and include American Olean, Daltile, Durkan, Eliane, Elizabeth, Feltex, Grupo Daltile, Godfrey Hirst, IVC Commercial, IVC Home, Karastan, Marazzi, Mohawk, Mohawk Group, Mohawk Home, Pergo, Quick-Step, Unilin and Vitromex. For more information, please visit mohawkind.com.