Franklin Electric (FELE)
NASDAQIndustrialsIndustrial - MachinerySnapshot 2026-09-04
NASDAQIndustrialsIndustrial - MachinerySnapshot 2026-09-04
QuarterlyIQ Insights · FELE
Material updates from SEC filings (8-K, 10-Q, 10-K) ranked by impact, with no firehose noise.
Results of Operations and Financial Condition On July 28, 2026, Franklin Electric Co., Inc. issued a press release announcing its earnings for the second quarter of 2026. A copy of the release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. This Current Report on Form 8-K and the press release attached hereto are being furnished pursuant to
Regulation FD Disclosure On May 1, 2026, Franklin Electric Co., Inc. completed the acquisition of 100% of the equity interest in the following three operating companies for a combined purchase price of $50 million subject to working capital adjustments: – Piertek, Inc d/b/a Wood Bros Industries – Piertek III, LLC d/b/a Reverse Osmosis Superstore – Vistar Water Technologies, Inc The three combined entities are herein referred to as the Acquired Entity. The Acquired Entity is a wholesale suppli…
Results of Operations and Financial Condition On April 28, 2026, Franklin Electric Co., Inc. issued a press release announcing its earnings for the first quarter of 2026. A copy of the release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. This Current Report on Form 8-K and the press release attached hereto are being furnished pursuant to
Results of Operations and Financial Condition On February 17, 2026, Franklin Electric Co., Inc. issued a press release announcing its earnings for the fourth quarter of 2025. A copy of the release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. This Current Report on Form 8-K and the press release attached hereto are being furnished pursuant to
Results of Operations and Financial Condition On October 28, 2025, Franklin Electric Co., Inc. issued a press release announcing its earnings for the third quarter of 2025. A copy of the release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. This Current Report on Form 8-K and the press release attached hereto are being furnished pursuant to
Entry into a Material Definitive Agreement. As previously reported in a Form 8-K filed by Franklin Electric Co., Inc. on May 15, 2024, (the “May 8-K”), Franklin Electric Co., Inc. ("the Company”), and Franklin Electric B.V., a Netherlands private company with limited liability (“Franklin B.V”, and together with the Company, collectively, the “Borrowers”), entered into two Private Shelf Agreements (the “Private Shelf Agreements”) with the purchasers named therein (the “Purchasers”). On Septemb…
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The disclosure in response to
Results of Operations and Financial Condition On July 29, 2025, Franklin Electric Co., Inc. issued a press release announcing its earnings for the second quarter of 2025. A copy of the release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. This Current Report on Form 8-K and the press release attached hereto are being furnished pursuant to
Other Events On July 9, 2025, the Company settled approximately $59.9 million of lump sum payouts to 1,405 Plan participants who elected a lump sum payment of their vested retirement benefit in lieu of an annuity. The lump sum payments to Plan participants are funded directly by the Plan's assets. The Company expects to recognize a non-cash pension settlement charge of approximately $60 million (approximately $40 million, or $1 of earnings per share, on an after-tax basis), subject to finaliz…
Entry into a Material Definitive Agreement On July 22, 2025, Franklin Electric Co., Inc. (the “Company”) entered into a Single Premium Guaranteed Annuity Contract Purchase Agreement (the “Agreement”) with Principal Life Insurance Company (the “Insurer”). The Company entered into the Agreement as plan sponsor, and in connection with the termination of the Franklin Electric Co., Inc. Pension Plan (the “Plan”) effective May 12, 2025. The Agreement provides for the purchase of an irrevocable nonp…
CFO — Jennifer Wolfenbarger: The filing announces the appointment of a new external CFO to succeed an interim officer, which is a standard succession event rather than a sudden loss of a sitting executive.
Other Events On June 9, 2025, the Board of Directors of the Company approved an increase to the Company’s existing share repurchase authorization. As a result of the increase, and after the completion of the transaction described above, the Company is authorized to repurchase up to 1,126,635 shares of its common stock. Repurchases may be made from time to time in the open market, through privately negotiated transactions, or by other means, subject to market conditions and other factors. This…
Entry into Material Definitive Agreement On June 9, 2025, Franklin Electric Co., Inc. (the “Company”) entered into a Share Repurchase Agreement (the “Repurchase Agreement”) with the trustees of Patricia Schaefer Settlement Trust, a significant shareholder of the Company. Under the terms of the Repurchase Agreement, the Company agreed to repurchase 1,200,000 shares of its common stock, par value $0.10 per share, from the shareholder in a privately negotiated transaction. The acquisition of sha…
Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant. On May 14, 2025, Franklin Electric Co., Inc. (the "Company") entered into the Fifth Amended and Restated Credit Agreement among the Company, Franklin Electric B.V., a Netherlands private company with limited liability (“Franklin B.V”, and together with the Company, collectively, the “Borrowers”), JPMorgan Chase Bank, N.A. (“JPMorgan”), as administrative agent, and Bank of America…
Director — Mark A. Carano: The filing discloses the election of a new director and the appointment of a board chair, which are routine governance actions rather than executive departures.
Executive Chairperson — Gregg C. Sengstack: The Executive Chairperson retired from his executive role but continues to serve on the Board and as a consultant, representing an orderly transition rather than a sudden loss of leadership.
Results of Operations and Financial Condition On April 29, 2025, Franklin Electric Co., Inc. issued a press release announcing its earnings for the first quarter of 2025. A copy of the release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. This Current Report on Form 8-K and the press release attached hereto are being furnished pursuant to
CFO — Jeffery Taylor: The CFO resigned but an interim successor was immediately appointed, indicating an orderly transition rather than a sudden loss of leadership.
CFO — Jeffery Taylor: The CFO is resigning, which is a significant executive departure, but the mutual agreement and lack of disagreement suggest an orderly transition rather than a negative shock.
Results of Operations and Financial Condition On February 18, 2025, Franklin Electric Co., Inc. issued a press release announcing its earnings for the fourth quarter of 2024. A copy of the release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. This Current Report on Form 8-K and the press release attached hereto are being furnished pursuant to
Results of Operations and Financial Condition On October 29, 2024, Franklin Electric Co., Inc. issued a press release announcing its earnings for the third quarter of 2024. A copy of the release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. This Current Report on Form 8-K and the press release attached hereto are being furnished pursuant to
Results of Operations and Financial Condition On July 23, 2024, Franklin Electric Co., Inc. issued a press release announcing its earnings for the second quarter of 2024. A copy of the release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. This Current Report on Form 8-K and the press release attached hereto are being furnished pursuant to
CEO — Joseph Ruzynski: The filing discloses the appointment of a new CEO (Joseph Ruzynski) and the concurrent step-down of the previous CEO (Sengstack) to Executive Chairperson, representing an orderly succession rather than a sudden loss of leadership.
CEO — Gregg C. Sengstack: The CEO is retiring with a named external successor (Joseph Ruzynski) and will remain as Executive Chairperson, indicating an orderly succession rather than a sudden loss of leadership.
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The disclosure in response to
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