Enersys (ENS) SEC Filing 8-K Material Event for the period ending Friday, April 1, 2022


CIK: 1289308 Ticker: ENS

Washington, D.C. 20549  
FORM 8-K   
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 1, 2022
(Exact name of registrant as specified in its charter)  

Commission File Number: 1-32253
(State or other jurisdiction
of incorporation)
(IRS Employer
Identification No.)
2366 Bernville Road, Reading, Pennsylvania 19605
(Address of principal executive offices, including zip code)
(610) 208-1991
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading SymbolName of each exchange on which registered
Common Stock, $0.01 par value per share ENSNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On April 1, 2022, EnerSys announced the appointment of Andrea J. Funk as Executive Vice President and Chief Financial Officer. Ms. Funk succeeds Michael J. Schmidtlein, who retired from EnerSys on March 31, 2022.

Ms. Funk, 52, joined EnerSys in December 2018 as Vice President Finance, Americas. Prior thereto, from 2013 to 2018, she served as the Chief Executive Officer for Cambridge Lee Industries LLC, and as its Chief Financial Officer and Treasurer from 2011 to 2013. Ms. Funk has served in positions of increasing responsibility at Carpenter Technology, Arrow International, Rhone-Poulenc Rorer, Bell Atlantic Corporation and Ernst & Young. Since July 2017, she has served on the Board of Directors of Crown Holdings Inc., a packaging company whose shares are traded on The New York Stock Exchange, and is a member of its Audit and Compensation Committees. Ms. Funk holds a Master of Business Administration degree from The Wharton School of Business and a Bachelor of Science degree in accounting from Villanova University and was a certified public accountant.

In her new role, Ms. Funk will be entitled to receive: (i) an annual base salary of $540,000; (ii) an annual bonus opportunity equal to 70% of her annual base salary, upon the achievement of target-level performance under the EnerSys Management Incentive Plan; and (iii) annual long term incentive plan grants beginning with the 2022 long term incentive program under the Amended and Restated 2017 Equity Plan. Ms. Funk also entered into a letter agreement that provides for severance benefits upon a termination of her employment in connection with a change in control and a non-competition covenant, the form of which is attached hereto as Exhibit 10.1. Ms. Funk shall also be eligible to participate in all of EnerSys’ benefit plans or arrangements in effect from time to time with respect to employees and to other named executive officers.

Ms. Funk is not a party to any transaction with the Company that would require disclosure under Item 404(a) of Regulation S-K promulgated by the Securities and Exchange Commission.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits
104Cover Page Interactive Data File (embedded within the Inline XBRL document)


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.
Date: April 4, 2022
By:  /s/ Joseph G. Lewis
Joseph G. Lewis
Senior Vice President, General Counsel,
Chief Compliance Officer & Secretary

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Enersys provided additional information to their SEC Filing as exhibits

Ticker: ENS
CIK: 1289308
Form Type: 8-K Corporate News
Accession Number: 0001289308-22-000022
Submitted to the SEC: Mon Apr 04 2022 4:14:45 PM EST
Accepted by the SEC: Mon Apr 04 2022
Period: Friday, April 1, 2022
Industry: Wholesale Electrical Apparatus And Equipment Wiring Supplies
  1. Event for Officers

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