Amendment: Pentair plc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
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Industrial Machinery/Components
Industrials
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
(Amendment No. 1)
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 15, 2025
(Exact name of registrant as specified in its charter)
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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
Pentair plc (the “Company”) filed a Current Report on Form 8-K on October 21, 2025 (the “Original Form 8-K”) reporting, under Item 5.02, the appointment of Nicholas J. Brazis as the Company’s Executive Vice President and Chief Financial Officer effective as of March 1, 2026. Because the Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”) had not yet determined the compensation that would be applicable to Mr. Brazis as the Company’s Executive Vice President and Chief Financial Officer at the time the Original Form 8-K was filed, disclosure of such compensation was not included in the Original Form 8-K in accordance with Instruction 2 to Item 5.02. The Company hereby amends Item 5.02 of the Original Form 8-K to include information on the compensation that will be applicable to Mr. Brazis as the Company’s Executive Vice President and Chief Financial Officer. Other than providing this additional information, no other disclosure in the Original Form 8-K is amended by this Current Report on Form 8-K/A.
On February 23, 2026, the Compensation Committee approved the compensation for Mr. Brazis as the Company’s Executive Vice President and Chief Financial Officer. Mr. Brazis will receive an annual base salary of $600,000 and will have an annual cash bonus target opportunity of 80% of his base salary, which bonus for 2026 will be pro rated for the number of eligible months and based on the terms and performance goals established by the Compensation Committee. Mr. Brazis will also receive an annual incentive equity award for 2026 in the amount of $1,250,000 to be allocated 50% performance share units, 25% restricted stock units and 25% stock options.
Mr. Brazis is also eligible to participate in other standard benefit plans and programs in which other executive officers of the Company participate as disclosed in the Company’s 2025 Proxy Statement, including a Key Executive Employment and Severance Agreement (the “KEESA”). The KEESA will provide that Mr. Brazis could be entitled to certain severance and other benefits following a “change in control” (as defined in the KEESA) of the Company if Mr. Brazis is involuntarily terminated, other than for death, disability or “cause” (as defined in the KEESA), or if Mr. Brazis terminates his employment for conditions that constitute “good reason” (as defined in the KEESA). The foregoing description of the KEESA is qualified in its entirety by reference to the full text of the KEESA, a copy of the form of which is filed as Exhibit 10.27 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and is incorporated herein by reference.
ITEM 9.01 Financial Statements and Exhibits
(a) Financial Statements of Businesses Acquired
Not applicable.
(b) Pro Forma Financial Information
Not applicable.
(c) Shell Company Transactions
Not applicable.
(d) Exhibits
| EXHIBIT INDEX | |||||||||||
| Exhibit | Description | ||||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||||||||
SIGNATURE
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, thereunto duly authorized, on February 25, 2026.
| PENTAIR PLC | ||||||||
| Registrant | ||||||||
| By | /s/ Lance T. Bonner | |||||||
Lance T. Bonner | ||||||||
Executive Vice President, General Counsel and Secretary | ||||||||