On March 27, 2026, The Manitowoc Company, Inc. disclosed in an 8-K filing that James S. Cook has resigned from his position as Executive Vice President of Human Resources, effective March 29, 2026. This resignation is part of a transition plan, as Mr. Cook will continue to work with the company until June 19, 2026, under a separation agreement. During this transition period, he will perform tasks as requested by the company and will receive his base salary and health insurance benefits. However, he will not be eligible for any additional equity-based or incentive compensation during or after this period. Following his separation date, the company will cover the employer portion of his COBRA health insurance costs until September 30, 2026, contingent upon Mr. Cook's compliance with the agreement. The agreement also includes a customary release of claims and modifies certain non-compete obligations. This leadership change may have a small negative impact on the company's operations as it transitions to new leadership in the human resources department.

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