WD 40 CO 8-K

What Happened
WD-40 Company announced leadership changes in an 8-K filed June 4, 2026. CFO and principal accounting officer (PAO) Sara K. Hyzer informed the company she will transition to Division President, Americas once a new CFO is appointed; she will remain CFO until a successor is named and will remain PAO through June 29, 2026. The board designated Nicholas D. Giordano as PAO on June 1, 2026; he will assume PAO duties and the title Vice President, Corporate Controller and Chief Accounting Officer on June 29, 2026. The company issued a press release on June 4, 2026 announcing these appointments.

Key Details

• Sara K. Hyzer will transition from CFO/PAO to Division President, Americas after a successor CFO is appointed; she stays PAO until June 29, 2026. An external search for a new CFO is underway.
• Patricia Q. Olsem, current Division President, Americas, will move to a newly created role: Chief Strategy and Innovation Officer effective when Hyzer assumes Division President. Compensation changes for Hyzer and Olsem will be considered in the normal annual review (typically October).
• Nicholas D. Giordano (age 37) designated PAO June 1, 2026; effective June 29, 2026 he will be VP, Corporate Controller and Chief Accounting Officer. Giordano joined WD‑40 in 2014 and held roles including Global Accounting Controller (Apr 2023–Apr 2024).
• Giordano’s pay and incentive terms: $250,000 base salary; Growth Reward Program target 25% of eligible earnings (max 50%); annual PSUs target 25% of base salary; October 2026 long-term equity awards equal to 28% of base as of Aug 31, 2026, split 50% RSUs (vest annually over 3 years) and 50% MSUs (3-year performance period).

Why It Matters
These changes affect senior finance and regional leadership at WD‑40. The company has signaled continuity in financial oversight by naming an internal accounting leader (Giordano) as PAO/Chief Accounting Officer and keeping Hyzer in place until a CFO successor is found. For investors, this reduces near‑term risk to financial reporting continuity; any material compensation or strategy shifts will be disclosed in the company’s normal compensation cycle or future filings.