Mueller Water Products, Inc. — Form 8-K
Filed October 13, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 42/100
What the filing says
Melissa Rasmussen, SVP and CFO of Mueller Water Products (market cap ~$4.0B), transitions effective November 2026 (post-10-K filing) to Senior Advisor through December 31, 2026. Michael Morgan joins as EVP Finance on October 28, 2026, becoming EVP and CFO in November 2026. Rasmussen receives: base salary continuation, $431,897 retention payment, FY2026 bonus (amount unspecified), and severance per Executive Severance Plan. Morgan's offer: $575,000 salary, 80% bonus target ($460,000), $500,000 initial equity (50% vesting at years 1 and 2), $700,000 sign-on bonus (repayable if he leaves within 1 year), $100,000 commuter benefit, $1,500/month car allowance, and $1.3M annual LTI target beginning FY2027.
Why this rating
Standard executive succession with smooth transition. New CFO compensation (~$3.9M first-year comp + equity) represents <0.1% of $4B market cap. No financial restatement, no operational disruption announced, transition planned and orderly.
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