MANITOWOC CO INC 8-K

What Happened
Manitowoc Co., Inc. (MTW) filed an 8-K reporting that on January 20, 2026 the company increased its Board of Directors from eight to ten members and elected Mark B. Rourke and Randy A. Wood to fill the two new seats, effective immediately. Each director’s term runs until the Company’s 2026 annual meeting of shareholders and until a successor is duly elected and qualified.

Key Details

• Board size increased from 8 to 10 directors; two new seats were created and filled.
• New directors: Mark B. Rourke and Randy A. Wood; elections effective January 20, 2026.
• Terms expire at the Company’s 2026 annual shareholders meeting (and until successors are qualified).
• Messrs. Rourke and Wood will receive the same compensation as other non‑employee directors (per the Company’s 2025 proxy disclosure).
• A press release announcing the additions was filed as Exhibit 99.1 to the 8-K.

Why It Matters
A change in board composition is a governance event that affects who oversees company strategy and management. These additions increase the size of the board and may influence board committees, expertise and voting dynamics. The filing provides timing, compensation parity with existing non‑employee directors, and confirms these were newly created seats rather than replacements.