WHIRLPOOL CORP /DE/ 8-K

What Happened
Whirlpool Corporation filed an 8-K on April 3, 2026 stating that Alessandro Perucchetti stepped down from his executive officer role (Executive Vice President and President, Whirlpool North America) effective January 1, 2026 as part of the company’s talent planning. His employment terminated March 31, 2026 under a Waiver and Release Agreement filed as Exhibit 10.1.

Key Details

• Mr. Perucchetti will receive $2,997,560 in two installments: the first within 30 days of his March 31, 2026 termination date and the second in March 2027.
• He is eligible for a prorated 2026 annual incentive under the Executive Performance Excellence Plan, determined by the Human Resources Committee in February 2027.
• Payments and other consideration are contingent on his compliance with the Agreement, including a waiver and release of claims, a two‑year customary restrictive covenant, and an ongoing covenant to cooperate.
• The full Waiver and Release Agreement is filed as Exhibit 10.1 to the Current Report.

Why It Matters
This filing documents a leadership change in Whirlpool’s North America business and a defined separation package. Investors should note the explicit cash obligation ($2,997,560) timing and the conditional nature of additional incentive pay; monitor future disclosures for any related charges, succession updates, or operational impacts tied to North America leadership.