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Core Molding (NYSE: CMT) details CEO Duvall transition and $50k advisory fee

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Core Molding Technologies, Inc. approved a CEO transition arrangement with President and Chief Executive Officer David L. Duvall. Under a Transition Agreement effective June 1, 2026, he will move to a part-time advisory role through December 31, 2027.

During this Advisory Period, Mr. Duvall will be a part-time employee, advising senior management as requested. The Company will pay him a $50,000 Monthly Fee. If the Company terminates his employment without Cause during the Advisory Period, he will receive Monthly Fees for the remaining months.

Positive

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Negative

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Monthly advisory fee $50,000 per month Compensation to David L. Duvall during Advisory Period
Transition Agreement effective date June 1, 2026 Start of Advisory Period for part-time role
Advisory Period end date December 31, 2027 End of part-time advisory arrangement
Transition Agreement financial
"the Company and David L. Duvall ... entered into a Transition Agreement"
Advisory Period financial
"from June 1, 2026 until December 31, 2027 (the “Advisory Period”)"
Monthly Fee financial
"the Company will pay Mr. Duvall a monthly fee of $50,000 (the “Monthly Fee”)"
Cause financial
"If Mr. Duvall’s employment is terminated by the Company without Cause during the Advisory Period"
Emerging growth company regulatory
"Emerging growth company 02 Departure of Directors or Certain Officers"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Understanding 8-K Material Events →
0001026655false5/14/2026800 Manor Park DriveColumbusOhio00010266552026-05-142026-05-14

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 

FORM 8-K
 

CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 14, 2026
 

Core Molding Technologies, Inc.
(Exact name of registrant as specified in its charter)
 
Delaware
001-12505
31-1481870
(State or other jurisdiction
incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)
800 Manor Park Drive, Columbus, Ohio
43228-0183
(Address of principal executive office)
(Zip Code)
Registrant’s telephone number, including area code: (614) 870-5000
(Former name or former address if changed since last report.)
 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:





Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.01CMTNYSE American LLC
Preferred Stock purchase rights, par value $0.01N/ANYSE American LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


CEO Transition

On May 14, 2026, Core Molding Technologies, Inc. (the “Company”) and David L. Duvall the Company’s President and Chief Executive Officer entered into a Transition Agreement (the “Transition Agreement”), in connection with the previously announced planned transition and retirement of Mr. Duvall. The Transition Agreement is effective June 1, 2026. As previously disclosed in the Current Report on Form 8-K filed on August 5, 2025, the Transition Agreement provides that from June 1, 2026 until December 31, 2027 (the “Advisory Period”), Mr. Duvall will serve as a part time employee of the Company, making himself available to advise senior management and otherwise consult with the Company as reasonably requested by the Company from time to time. In exchange for such services, the Company will pay Mr. Duvall a monthly fee of $50,000 (the “Monthly Fee”) during the Advisory Period. If Mr. Duvall’s employment is terminated by the Company without Cause during the Advisory Period, he will be entitled to an amount equal to the Monthly Fee that he would have otherwise been entitled to during the remaining Advisory Period.

The description of the Transition Agreement is qualified in its entirety by reference to the complete text and exhibits of the Transition Agreement, which has been filed with this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.


Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit NumberDescription
10.1
Transition Agreement between Mr. Duvall and the Company
104Cover Page Interactive Data File (embedded within the Inline XBRL document).


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CORE MOLDING TECHNOLOGIES, INC.
Date: May 19, 2026By:
/s/ Alex J. Panda
Name:Alex J. Panda
Title:Executive Vice President, Treasurer, Secretary and Chief Financial Officer





Source: View Original Filing on SEC EDGAR

FAQ

What CEO transition did Core Molding Technologies (CMT) disclose?

Core Molding Technologies detailed a Transition Agreement for President and CEO David L. Duvall. Effective June 1, 2026, he will shift from CEO to a part-time advisory role through December 31, 2027, supporting senior management as needed.

What is David L. Duvall’s role at Core Molding Technologies during the Advisory Period?

During the Advisory Period, David L. Duvall will be a part-time employee. He will advise senior management and consult with the company as reasonably requested, rather than serving as full-time President and Chief Executive Officer.

How much will Core Molding Technologies (CMT) pay David L. Duvall under the Transition Agreement?

Core Molding Technologies will pay David L. Duvall a Monthly Fee of $50,000. This payment will continue for each month of the Advisory Period from June 1, 2026 through December 31, 2027, while he serves as a part-time advisor.

What happens if Core Molding Technologies ends David L. Duvall’s employment without Cause?

If the company terminates David L. Duvall without Cause during the Advisory Period, he will receive an amount equal to the Monthly Fee he would have earned. This payment covers all remaining months in the Advisory Period under the Transition Agreement.

When does the Transition Agreement with David L. Duvall become effective?

The Transition Agreement between Core Molding Technologies and David L. Duvall becomes effective on June 1, 2026. From that date until December 31, 2027, he will serve as a part-time employee in an advisory capacity to senior management.

What exhibit contains the full CEO Transition Agreement for Core Molding Technologies?

The full CEO Transition Agreement is filed as Exhibit 10.1. This exhibit contains the complete text and terms of the agreement between Core Molding Technologies and David L. Duvall, which is incorporated by reference into the report.

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

Other Documents