ENTEGRIS INC 8-K

What Happened
Entegris, Inc. (ENTG) announced that Michael Sauer (age 59), the company’s Vice President, Controller & Chief Accounting Officer, will become Interim Chief Financial Officer and principal financial officer effective March 1, 2026, while retaining his current role. Linda LaGorga will cease serving as CFO on February 28, 2026, transition to Senior Advisor, and separate from the company on May 15, 2026. The company and Ms. LaGorga executed a Separation Agreement dated January 19, 2026; the filing states the transition is not due to any disagreement regarding the company’s financial reporting or controls.

Key Details

• Interim CFO appointment: Michael Sauer effective March 1, 2026; he has served as VP, Controller & Chief Accounting Officer since June 2012 and has been with Entegris or predecessors since 1988.
• Compensation changes for Sauer: annual base salary set to $400,000; 2026 long-term incentive target increased to $300,000; plus a special retention grant of time‑based restricted stock units worth $300,000 vesting ratably over two years.
• LaGorga transition and separation terms: will stop serving as CFO Feb 28, 2026, serve as Senior Advisor through May 15, 2026; will continue base salary through the Separation Date, remains eligible for 2025 and 2026 short‑term incentive payments if earned, and will receive $280,000 upon separation (contingent on transition services/cooperation) plus severance per her April 1, 2023 Offer Letter.
• The Separation Agreement includes a general release of claims; no arrangements or understandings were disclosed relating to Sauer’s selection as Interim CFO.

Why It Matters
This filing signals a planned, orderly leadership transition in Entegris’ finance function with a long‑tenured internal executive stepping into the interim CFO role. Investors should note the disclosed compensation adjustments and retention award for Sauer (totaling $600,000 in incentive/retention value plus raised base pay) and the $280,000 separation payment to LaGorga, which represent identifiable near‑term costs. The company confirms there was no disagreement over financial reporting, reducing immediate governance concerns; investors may watch for a permanent CFO appointment and any related commentary in upcoming filings and earnings releases.