PACCAR (NASDAQ: PCAR) EVP C. Michael Dozier to retire April 2026

Rhea-AI Filing Summary

PACCAR Inc reported a leadership transition in its executive ranks. Executive Vice President C. Michael Dozier announced his retirement after 37 years with the company, effective April 1, 2026. His long tenure suggests deep experience and historical knowledge leaving the organization.

To support continuity, W. Lance Walters, currently Assistant Vice President, will be promoted to Vice President and will take responsibility for operations in Australia, Mexico and South America effective April 1, 2026. In addition, Raja Shembekar, a current Vice President, will assume responsibilities for international business development on the same effective date, indicating a redistribution of global leadership roles following the retirement.

Insights

Equity analyst – corporate governance focus

Planned EVP retirement with defined successors points to orderly transition.

The company disclosed that Executive Vice President C. Michael Dozier will retire after 37 years of service, effective April 1, 2026. This reads as a planned transition rather than an abrupt departure, which typically reduces governance concerns around leadership stability.

Two executives are taking on expanded roles: W. Lance Walters becomes Vice President overseeing operations in Australia, Mexico and South America, while Raja Shembekar will handle international business development, both effective April 1, 2026. The clear assignment of responsibilities suggests continuity in international operations, though the long experience of the departing EVP will no longer be available to the company.

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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) January 14, 2026

PACCAR Inc

(Exact name of registrant as specified in its charter)

Delaware		001-14817		91-0351110
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

777 106^th Avenue NE, Bellevue, WA 98004

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code (425) 468-7400

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 (see General Instruction A.2.):

☐ 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, $1 par value		PCAR		The NASDAQ Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

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.

(b) On January 14, 2026, C. Michael Dozier, Executive Vice President, announced his retirement from PACCAR after 37 years of service. Mr. Dozier’s retirement is effective April 1, 2026.

Item 8.01. Other Events

W. Lance Walters, Assistant Vice President, will be promoted to Vice President and will assume responsibilities for the Company’s operations in Australia, Mexico and South America effective April 1, 2026.

Raja Shembekar, Vice President, will assume responsibilities for international business development effective April 1, 2026.

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.

						PACCAR Inc
Date: January 16, 2026				By:		/s/ M. K. Walton
						M. K. Walton
						Vice President and General Counsel

FAQ

What executive leadership change did PACCAR (PCAR) announce?

PACCAR announced that C. Michael Dozier, Executive Vice President, will retire after 37 years with the company, effective April 1, 2026.

When will PACCAR Executive Vice President C. Michael Dozier retire?

Executive Vice President C. Michael Dozier will retire from PACCAR effective April 1, 2026.

Who is replacing C. Michael Dozier at PACCAR and what are their roles?

W. Lance Walters will be promoted to Vice President with responsibility for operations in Australia, Mexico and South America, and Raja Shembekar, Vice President, will take on international business development, all effective April 1, 2026.

What new responsibilities will W. Lance Walters have at PACCAR (PCAR)?

W. Lance Walters will become Vice President and assume responsibility for PACCAR’s operations in Australia, Mexico and South America effective April 1, 2026.

What role will Raja Shembekar assume at PACCAR following the leadership change?

Raja Shembekar, Vice President, will assume responsibilities for international business development effective April 1, 2026.

Does the PACCAR 8-K mention changes to financial results or guidance?

This 8-K focuses on management changes, specifically the retirement of an Executive Vice President and reassignment of international responsibilities; it does not discuss financial results or guidance.