Hyster-Yale (NYSE: HY) CFO to resign; CEO to serve as principal financial officer

Rhea-AI Filing Summary

Hyster-Yale, Inc. reports that Senior Vice President, Chief Financial Officer and Treasurer Scott A. Minder has decided to resign, effective December 31, 2025.

The company has begun a search for his successor. During this transition, President and Chief Executive Officer Rajiv K. Prasad will serve as the company’s principal financial officer starting January 1, 2026. The company notes that Mr. Prasad’s background was previously detailed in its March 25, 2025 definitive proxy statement and that he is not a party to any transaction described in Item 404(a) of Regulation S-K involving the company or its subsidiaries.

Insights

Equity analyst – corporate governance

Hyster-Yale discloses CFO Scott Minder’s resignation and temporary reassignment of finance duties to CEO Rajiv Prasad.

Hyster-Yale states that Senior Vice President, Chief Financial Officer and Treasurer Scott A. Minder has decided to resign, effective December 31, 2025. His departure affects the senior leadership responsible for finance and treasury positions at the company.

The company explains that it is engaging in a search process for his replacement and that President and Chief Executive Officer Rajiv K. Prasad will serve as the company’s principal financial officer starting January 1, 2026. This means the same individual will hold both the chief executive officer role and the principal financial officer role during the interim period.

Hyster-Yale points readers to its definitive proxy statement filed on March 25, 2025 for information about Mr. Prasad under Items 401(b), (d), and (e) of Regulation S-K, and notes that he is not a party to any transaction described in Item 404(a). The disclosure centers on management succession and governance rather than specific financial or operating performance metrics.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

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.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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):						December 11, 2025
HYSTER-YALE, INC.
(Exact name of registrant as specified in its charter)
Delaware			000-54799			31-1637659
(State or other jurisdiction of incorporation)			(Commission File Number)			(IRS Employer Identification No.)
5875 Landerbrook Drive, Suite 300
Cleveland			(440)
OH			449-9600			44124-4069
(Address of principal executive offices)			(Registrant's telephone number, including area code)			(Zip code)
			N/A
(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 class			Trading Symbol(s)			Name of each exchange on which registered
Class A Common Stock, $0.01 par value per share			HY			New York Stock Exchange

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.

On December 11, 2025, Scott A. Minder notified Hyster-Yale, Inc. (the “Company”) of his decision to resign as Senior Vice President, Chief Financial Officer and Treasurer of the Company, effective December 31, 2025.

The Company is engaging in a search process for Mr. Minder’s replacement. In the interim, Rajiv K. Prasad, President and Chief Executive Officer of the Company, will serve as the Company’s principal financial officer, effective January 1, 2026. The information required by Items 401(b), (d), (e) of Regulation S-K regarding Mr. Prasad was previously reported in the Company's definitive proxy statement filed with the Securities and Exchange Commission on March 25, 2025, and such information is incorporated by reference herein. Mr. Prasad is not a party to any transaction described in Item 404(a) of Regulation S-K involving the Company or any of its subsidiaries.

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.

Date:			December 16, 2025						HYSTER-YALE, INC.
						By:			/s/ Suzanne Schulze Taylor
									Name: Suzanne Schulze Taylor
									Title: Senior Vice President, General Counsel and Secretary

FAQ

What leadership change did Hyster-Yale (HY) disclose in this report?

Hyster-Yale disclosed that Scott A. Minder decided to resign as Senior Vice President, Chief Financial Officer and Treasurer of the company, effective December 31, 2025.

When will Hyster-Yale CFO Scott Minder’s resignation become effective?

The resignation of Scott A. Minder as Senior Vice President, Chief Financial Officer and Treasurer will become effective on December 31, 2025.

Who will serve as Hyster-Yale’s principal financial officer after the CFO resigns?

Beginning January 1, 2026, Rajiv K. Prasad, the company’s President and Chief Executive Officer, will serve as Hyster-Yale’s principal financial officer.

Is Hyster-Yale searching for a new Chief Financial Officer?

Yes. Hyster-Yale states that it is engaging in a search process to find a replacement for departing CFO Scott A. Minder.

What roles does Rajiv K. Prasad hold at Hyster-Yale (HY)?

Rajiv K. Prasad serves as President and Chief Executive Officer of Hyster-Yale and, effective January 1, 2026, will also serve as the company’s principal financial officer.

Does Hyster-Yale disclose any related-party transactions involving Rajiv K. Prasad?

The company states that Mr. Prasad is not a party to any transaction described in Item 404(a) of Regulation S-K involving Hyster-Yale or its subsidiaries.

Where can investors find more background information on Rajiv K. Prasad?

Hyster-Yale indicates that the information required by Items 401(b), (d), and (e) of Regulation S-K regarding Mr. Prasad was previously reported in the company’s definitive proxy statement filed on March 25, 2025.