8-KThe WireRed Alert
Executive Change · Material Agreement
Filed Feb 13, 2026 · 4mo ago · Accession 0001104659-26-015182
Plain English
Material event — a significant development the company must disclose promptly.
Read the source below for the full document.
Filing text
View original ↗Securities and Exchange Commission on March 18, 2025, including
a pro-rata amount of the annual compensation for their service from their election until the 2026 annual meeting of shareholders.
Mr. Allen does not have any family relationship
with any officer or director of the Company. Other than as provided under the Cooperation Agreement, there are no arrangements or understandings
between Mr. Allen and any other persons pursuant to which Mr. Allen was elected as a director, and Mr. Allen has not been involved in
any related transactions or relationships with the Company as defined in Item 404(a) of Regulation S-K.
Pursuant to the Cooperation Agreement, the Vision
One Parties agreed to abide by certain customary standstill restrictions, mutual non-disparagement provisions, voting commitments, including
supporting each director nominated and recommended by the Board for election, and other obligations until the Expiration Date.
The foregoing description of the Cooperation Agreement
does not purport to be complete and is qualified in its entirety by reference to the full text of the Cooperation Agreement, a copy of
which is attached hereto as Exhibit 10.1 and is incorporated by reference herein.
Item 5.02. Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 12, 2026, the Company appointed James
T. Glerum, Jr. to the Board, to serve as a Class III director with a term expiring at the 2028 annual meeting of shareholders, and until
his successor is elected and qualified or until his earlier death, resignation, disqualification or removal. Mr. Glerum was appointed
to serve on the Executive Committee of the Board, effective as of February 12, 2026, and the Audit Committee of the Board, effective as
of March 1, 2026.
As a non-management director of the Company, Mr.
Glerum will be entitled to receive the standard non-employee director compensation, the terms of which were disclosed in the Company’s
Proxy Statement for the 2025 annual meeting of shareholders filed with the Securities and Exchange Commission on March 18, 2025, including
a pro-rata amount of the annual compensation for their service from their election until the 2026 annual meeting of shareholders.
Mr. Glerum does not have any family relationship
with any officer or director of the Company. Other than as provided under the Cooperation Agreement, there are no arrangements or understandings
between Mr. Allen and any other persons pursuant to which Mr. Glerum was elected as a director, and Mr. Glerum has not been involved in
any related transactions or relationships with the Company as defined in Item 404(a) of Regulation S-K.
The information set forth in Item 1.01 of this
Current Report on Form 8-K (the “Form 8-K”) is incorporated herein by reference.
Item 7.01. Regulation FD Disclosure.
On February 12, 2026, the Company issued a press
release announcing its appointment of James T. Glerum, Jr. and Patrick E. Allen to the Board, entry into the Cooperation Agreement and
related information. A copy of such press release is furnished as Exhibit 99.1 hereto and incorporated by reference into this Item 7.01
to this Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
10.1
Cooperation Agreement, dated as of February 12, 2026, by and among Tennant Company, Vision One Fund, LP, and certain of its affiliates listed on the signature pages thereto
99.1
Press Release dated February 12, 2026
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.
Tennant
Company
Date:
February 13, 2026
By:
/s/ Kristin Erickson
Kristin Erickson
Senior Vice President, General Counsel and Corporate Secretary
Filing details
- Company
- TENNANT CO
- Ticker
- TNC
- CIK
- 97134
- Form type
- 8-K
- Filing date
- Feb 13, 2026
- Report date
- Feb 12, 2026
- Document
- tm266208d1_8k.htm
- Size
- 323 KB