NN, Inc. (NNBR) General Counsel plans July 2026 transition under new agreement
Rhea-AI Filing Summary
NN, Inc. announced that Jami A. Statham, its Senior Vice President, General Counsel and Corporate Secretary, will step down from her role effective at the close of business on July 9, 2026. She is expected to remain in her position and assist with transitioning her responsibilities until that date.
The company states that her decision is not due to any disagreement regarding operations, policies or practices. Under a Transition Agreement dated June 11, 2026, she will continue to receive her current base salary, standard benefits, continued vesting of outstanding equity awards through the transition date, and a pro-rated 2026 target bonus, subject to a customary release of claims. NN, Inc. plans to use an external search firm to identify her successor.
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8-K Event Classification
Key Figures
Key Terms
Transition Agreement financial
annual target bonus financial
equity awards financial
release of claims regulatory
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
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| Securities registered pursuant to Section 12(b) of the Act: | ||||
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| 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). | |
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On June 10, 2026, Jami A. Statham notified NN, Inc. (the “Company”) of her intention to step down from her role as the Company’s Senior Vice President, General Counsel and Corporate Secretary, effective as of the close of business on July 9, 2026 (such date, the “Transition Date”). Ms. Statham is expected to continue to serve as the Company’s Senior Vice President, General Counsel and Corporate Secretary through the Transition Date and will cooperate with the Company in effecting the transition of her duties and responsibilities to her successor. Ms. Statham’s decision was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. The Company intends to retain an external search firm to identify candidates for the Senior Vice President, General Counsel and Corporate Secretary role.
In connection with Ms. Statham’s transition, the Company entered into a Transition Agreement (the “Transition Agreement”), dated June 11, 2026, with Ms. Statham, which specifies the terms of her continuing employment during the transition period. Pursuant to the Transition Agreement, Ms. Statham will continue to serve as the Company’s Senior Vice President, General Counsel and Corporate Secretary through the Transition Date and will be eligible to (i) receive her current base salary, subject to applicable withholdings and deductions, throughout the term of the Transition Agreement, (ii) continue to be eligible for the Company’s standard benefits, subject to the terms and conditions applicable to such plans and programs, (iii) continue vesting in all of her outstanding equity awards pursuant to their respective terms and subject to their respective conditions through the Transition Date, and (iv) receive a pro-rated portion of her annual target bonus for 2026. Ms. Statham’s receipt of these payments and benefits is contingent upon her execution and effectiveness of a customary release of claims in favor of the Company.
The foregoing description of the Transition Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the complete text of the Transition Agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits.
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Exhibit No. |
Description of Exhibit | |
| 10.1* | Transition Agreement, dated June 11, 2026. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
| * | Certain exhibits and schedules to this Exhibit have been omitted in accordance with Item 601(a)(5) of Regulation S-K. The Company agrees to furnish supplementally a copy of all omitted exhibits and schedules to the United States Securities and Exchange Commission upon its request. |
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: June 12, 2026
| NN, INC. | ||
| By: | /s/ Christopher H. Bohnert | |
| Name: | Christopher H. Bohnert | |
| Title: | Senior Vice President and Chief Financial Officer | |