HYSTER-YALE, INC. (HY) Form 8-K — Oct 15, 2026
Hyster-Yale has appointed Matthew Cornell as Senior Vice President and CFO, effective November 1, 2026. Cornell previously served as CFO of Stanley Black & Decker's Industrial Segment and most recently as President and General Manager of its Specialty Tools & Storage business. The transition is orderly: CEO Rajiv Prasad, who has served as principal financial officer since January 2026, will continue in that role until the Q3 2026 10-Q is filed, after which Cornell assumes principal financial officer duties on November 4. Cornell's compensation includes a $605,000 base salary, a $75,000 sign-on bonus, a 3,500-share one-time award, and incentive targets tied to a $626,800 salary midpoint.
Key figures
- Ltip target
- 90% of salary midpoint plus 15% uplift
- Base salary usd
- 605000
- Sign on bonus usd
- 75000
- Annual incentive target
- 60% of salary midpoint ($626,800)
- Perquisite allowance usd
- 20000
- One time share award shares
- 3500
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