Manitowoc (NYSE: MTW) EVP HR James S. Cook resigns with transition deal

Rhea-AI Filing Summary

The Manitowoc Company, Inc. disclosed that James S. Cook resigned as Executive Vice President, Human Resources effective March 29, 2026, and will end transitional employment on June 19, 2026. The company and Mr. Cook entered into a separation agreement governing his transition period and post-employment terms.

During the transition period, he will perform transitionary tasks and continue to receive base salary and health insurance benefits but will not be eligible for additional equity-based or other incentive compensation. After the separation date, Manitowoc will pay the employer portion of COBRA health coverage for him and eligible dependents through September 30, 2026, contingent on his release of claims and compliance with the agreement. The agreement includes a release of claims and restrictive covenants, while releasing him from certain non-compete and non-solicitation obligations following the separation date.

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.

Key Terms

separation agreement, transition period, COBRA coverage, release of claims, +1 more

5 terms

separation agreement financial

"the Company entered into a separation agreement (the “Agreement”) with Mr. Cook"

A separation agreement is a written contract that spells out the financial and legal terms when an employee and a company part ways, such as final pay, severance, continued benefits, confidentiality, and any release of claims. For investors, it matters because these agreements determine immediate costs, potential future liabilities, and whether departing staff are restricted from competing or disclosing information—factors that can affect a company’s cash flow, risk profile, and leadership continuity.

transition period financial

"during a transition period beginning on March 29, 2026 and ending on the Separation Date"

COBRA coverage financial

"if Mr. Cook timely elects COBRA coverage with respect to health insurance benefits"

release of claims financial

"contingent on Mr. Cook providing a release of claims and continuing to comply"

non-compete and non-solicitation obligations financial

"Mr. Cook will be released from certain non-compete and non-solicitation obligations under his employment agreement"

Understanding 8-K Material Events →

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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): March 27, 2026

The Manitowoc Company, Inc.

(Exact name of Registrant as Specified in Its Charter)

Wisconsin			1-11978	39-0448110
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
11270 West Park Place Suite 1000
Milwaukee, Wisconsin				53224
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: 414 760-4600

(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
Common Stock, $.01 Par Value		MTW		The 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 March 27, 2026, James S. Cook resigned, effective as of March 29, 2026, from his position as Executive Vice President, Human Resources of The Manitowoc Company, Inc. (the “Company”), and, effective as of June 19, 2026 (the “Separation Date”), from his transitional employment with the Company.

In connection with his resignation, on March 27, 2026, the Company entered into a separation agreement (the “Agreement”) with Mr. Cook. Pursuant to the Agreement, during a transition period beginning on March 29, 2026 and ending on the Separation Date, Mr. Cook will continue to be employed by the Company to perform transitionary tasks at the Company’s request, subject to any approved leaves of absence. Mr. Cook will receive base salary and health insurance benefits during the transition period, but he will not be eligible to receive or vest in any additional equity-based or other incentive compensation during or following the transition period.

Following the Separation Date, if Mr. Cook timely elects COBRA coverage with respect to health insurance benefits, the Company will pay for the employer portion of the cost of such coverage for Mr. Cook and his eligible dependents through September 30, 2026, contingent on Mr. Cook providing a release of claims and continuing to comply with the Agreement.

The Agreement also includes a customary release of claims and restrictive covenants. However, following the Separation Date, Mr. Cook will be released from certain non-compete and non-solicitation obligations under his employment agreement.

2

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.

			THE MANITOWOC COMPANY, INC.
Date:	March 30, 2026	By:	/s/ Jennifer L. Paterson
			Jennifer L. Peterson Executive Vice President, General Counsel and Secretaty

FAQ

What executive leadership change did Manitowoc (MTW) announce?

Manitowoc announced that James S. Cook resigned as Executive Vice President, Human Resources, effective March 29, 2026. He will remain in a transitional employment role until June 19, 2026, to perform transitionary tasks at the company’s request under a separation agreement.

What is the transition period for James S. Cook at Manitowoc (MTW)?

The transition period for James S. Cook runs from March 29, 2026, through June 19, 2026. During this time, he will continue employment to handle transitionary tasks, receiving base salary and health insurance benefits, subject to any approved leaves of absence.

What compensation will James S. Cook receive during his transition from Manitowoc (MTW)?

During the transition period, James S. Cook will receive base salary and health insurance benefits. However, he will not be eligible to receive or vest in any additional equity-based or other incentive compensation during or following the transition period, under the separation agreement.

How will Manitowoc (MTW) handle COBRA health coverage for James S. Cook?

Following the separation date, if James S. Cook timely elects COBRA coverage, Manitowoc will pay the employer portion of the COBRA cost through September 30, 2026. This benefit covers him and eligible dependents and depends on his release of claims and continued compliance with the agreement.

What restrictive covenants are included in James S. Cook’s separation from Manitowoc (MTW)?

The separation agreement includes a customary release of claims and restrictive covenants. After the separation date, Mr. Cook will be released from certain non-compete and non-solicitation obligations under his employment agreement, while other covenants under the agreement continue to apply.

When is James S. Cook’s final separation date from Manitowoc (MTW)?

James S. Cook’s final separation date from Manitowoc is June 19, 2026. Until that date, he remains employed in a transitional role performing transitionary tasks, after which his COBRA-related benefits and certain post-employment covenants under the separation agreement will govern his relationship with the company.

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