ITT INC. 8-K

What Happened

• ITT Inc. announced on May 6, 2026 (8-K filed May 7, 2026) that Chief Financial Officer Emmanuel Caprais will leave the company for personal reasons, effective May 8, 2026, after nearly 14 years with ITT. The departure is not due to any disagreement with the company.
• Mr. Caprais will remain as a business advisor reporting to the CEO through July 1, 2026, with compensation in that role materially consistent with his prior pay.
• Michael J. Savinelli (age 55), Vice President, Treasurer, Chief Tax Officer & Assistant Secretary, will serve as interim Chief Financial Officer while the company searches for a permanent successor.

Key Details

• Departure effective date: May 8, 2026; advisory role continues through July 1, 2026.
• Interim CFO: Michael J. Savinelli — ITT VP & Chief Tax Officer since 2011; Treasurer since 2020; prior roles at Terex, GE Capital, PepsiCo, and Ernst & Young.
• Interim compensation: $300,000 in restricted stock units granted under ITT’s Omnibus Equity Incentive Plan, plus a $25,000 monthly cash stipend; salary, bonus and equity otherwise consistent with his prior seniority.
• Filing item: Reported under Item 5.02 (departure/election of officers).

Why It Matters

• Leadership continuity: Appointing an experienced internal executive as interim CFO should support continuity for finance, tax and reporting functions while a permanent CFO search is conducted.
• Cost and governance: The company disclosed specific interim compensation (RSUs + stipend), which is a quantifiable, near-term expense for investors to note.
• No reported disagreements: The company stated the departure was for personal reasons and not due to disputes, which reduces governance risk concerns from this filing alone.