AAON Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
$AAON
Industrial Machinery/Components
Industrials
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): April 2, 2026
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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
(c) Appointment of certain Officers
On April 2, 2026, AAON, Inc. (the "Company") announced a transition in the Chief Financial Officer ("CFO") role. Andy Cheung will join AAON on April 20, 2026, as its Executive Vice President and Chief Financial Officer.
Mr. Cheung, age 51, most recently served as Executive Vice President and Chief Financial Officer of a publicly traded manufacturing company, where he served for the past three years. Prior to that, he held senior financial leadership positions for more than 25 years in the HVAC and automotive industries. Mr. Cheung was born in Hong Kong and received his Bachelor of Business Administration in Accounting from Hong Kong University of Science & Technology, and an MBA from the University of Chicago. Mr. Cheung is also a Certified Public Accountant.
In connection with Mr. Cheung's role, he will receive the following compensation: (i) annual base salary of $525,000, (ii) 2026 target annual incentive compensation of $341,250, and (iii) 2026 target long-term incentive compensation of $787,500. Additionally, Mr. Cheung will receive a one-time equity grant valued at $1,500,000 and a one-time cash award of $300,000 to cover costs associated with relocating and forfeited equity from his prior job. The one-time cash award must be repaid if Mr. Cheung leaves within 18 months.
Mr. Cheung does not have any family relationships with any of the Company's directors or officers and is not party to any transactions of the type listed in Item 404(a) of Regulation S-K.
Rebecca Thompson, who currently serves as Executive Vice President and CFO of AAON, will transition to AAON Chief Accounting Officer, effective April 20, 2026.
A copy of the Company's press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit Number | Description | |||||||||||||
Press Release Announcing Leadership Transition | ||||||||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||||||||
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.
| AAON, INC. | |||||||||||
| Date: | April 2, 2026 | By: | /s/ Luke A. Bomer | ||||||||
| Luke A. Bomer, General Counsel and Secretary | |||||||||||