STOCK TITAN

Kenneth Krause joins Sotera Health (NASDAQ: SHC) board, audit committee

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

Rhea-AI Filing Summary

Sotera Health Company announced a board transition. Constantine S. Mihas plans to resign as a Class I director effective March 16, 2026, and the company states his resignation is not due to any disagreement over operations, policies, or practices.

Effective the same date, the Board appointed Kenneth D. Krause as a Class I director. Krause is Executive Vice President and Chief Financial Officer of Rollins, Inc., with prior senior finance and strategy roles at MSA Safety. He will serve on Sotera Health’s Audit Committee and Litigation Committee, is deemed independent under Nasdaq rules, will enter into a customary indemnification agreement, and will receive standard non-employee director cash and restricted stock unit compensation under the company’s policy.

Positive

  • None.

Negative

  • None.
0001822479FALSE00018224792026-03-122026-03-12

 
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 12, 2026
_______________________
SOTERA HEALTH COMPANY
(Exact Name of Registrant as Specified in its Charter)
_______________________
Delaware001-3972947-3531161
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
9100 South Hills Blvd, Suite 300
Broadview Heights, Ohio 44147
(Address of Principal Executive Offices) (Zip Code)
(440) 262-1410
(Registrant’s telephone number, including area code)
Not Applicable
(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 (see General Instruction A.2. below):
 
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
Name of Exchange
on which registered
Common stock, $0.01 par value per shareSHCThe Nasdaq Stock Market LLC
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.
On March 12, 2026, as a result of a reduction in the number of directors that certain stockholders are entitled to designate for election to the Board of Directors (the “Board”) of Sotera Health Company (the “Company”), Constantine S. Mihas notified the Board of his intention to resign as a Class I director, effective March 16, 2026. Mr. Mihas’ resignation was not the result of any disagreement with the Company on any matter relating to its operations, policies or practices.
On March 15, 2026, the Board appointed Kenneth D. Krause as a Class I director of the Board, effective March 16, 2026.
Mr. Krause has served as Executive Vice President and Chief Financial Officer of Rollins, Inc. (“Rollins”), a global consumer and commercial pest control services company, since September 2022. In 2024, his role expanded to include oversight of Rollins’ International Brands. During his tenure at Rollins, he has led modernization initiatives that have driven improvements in growth, profitability, capital allocation and access to capital, enabling strong shareholder returns. Prior to joining Rollins, Mr. Krause served as Senior Vice President, Chief Financial Officer, Chief Strategy Officer and Treasurer of MSA Safety Incorporated (“MSA Safety”) from December 2015 to September 2022, after holding positions of increasing responsibility in the finance function at MSA Safety from 2006 to 2015. At MSA Safety, he led value creation initiatives that drove transformational change in the growth and profitability profile of the company. Earlier in his career, Mr. Krause served as a Senior Manager in the audit practice of KPMG LLP. He holds a Bachelor of Science in Business Administration in Accounting from Slippery Rock University and an M.B.A. from the University of Pittsburgh Katz Graduate School of Business and is a Certified Public Accountant (inactive) in Pennsylvania. Mr. Krause will serve as a member of the Audit Committee and the Litigation Committee of the Board.
Mr. Krause is entering into a customary indemnification agreement with the Company in connection with his appointment as a director, consistent with those entered into with the Company’s other directors, pursuant to which the Company agrees to provide indemnification and advancement of expenses to the fullest extent permitted by law and the Company’s amended and restated certificate of incorporation and amended and restated bylaws. Mr. Krause has been deemed to be “independent” in accordance with Rule 5605(a)(2) of the Nasdaq Listing Rules. There is no arrangement or understanding between Mr. Krause and any other persons pursuant to which Mr. Krause was appointed to serve on the Board. Additionally, there are no reportable transactions between Mr. Krause and the Company that require disclosure pursuant to Item 404(a) of Regulation S-K. As a director of the Company, Mr. Krause will receive compensation as a non-employee director in accordance with the Company’s non-employee director compensation policy as described in the Company’s Definitive Proxy Statement on Schedule 14A, filed with the U.S. Securities and Exchange Commission on April 10, 2025, as amended and supplemented, which generally consists of an annual cash retainer for Board service and an annual grant of restricted stock units.



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.
 
Sotera Health Company
(Registrant)
Date: March 16, 2026By:/s/ Jonathan M. Lyons
Jonathan M. Lyons
Senior Vice President and Chief Financial Officer

FAQ

What board changes did Sotera Health (SHC) disclose in this 8-K?

Sotera Health reported that Constantine S. Mihas will resign as a Class I director effective March 16, 2026, and the Board appointed Kenneth D. Krause as a new Class I director effective the same date, maintaining board continuity during the transition.

Why is Sotera Health director Constantine S. Mihas resigning?

The company states Mihas is resigning as a Class I director due to a reduction in the number of directors certain stockholders are entitled to designate. It specifically notes his resignation is not because of any disagreement regarding Sotera Health’s operations, policies, or practices.

Who is Kenneth D. Krause, the new Sotera Health (SHC) director?

Kenneth D. Krause is Executive Vice President and Chief Financial Officer of Rollins, Inc., previously holding senior finance, strategy, and treasurer roles at MSA Safety. He began his career at KPMG LLP and holds accounting and MBA degrees, as well as inactive CPA status in Pennsylvania.

What board committees will Kenneth D. Krause serve on at Sotera Health?

Kenneth D. Krause will serve on Sotera Health’s Audit Committee and Litigation Committee. These roles place him directly in oversight of financial reporting and key legal matters, aligning with his extensive finance and strategic background from Rollins and MSA Safety.

Is Kenneth D. Krause considered independent under Nasdaq rules?

Yes. Sotera Health states that Kenneth D. Krause has been deemed independent under Nasdaq Listing Rule 5605(a)(2). The filing also notes there is no appointing arrangement with other persons and no reportable related-party transactions requiring disclosure under Item 404(a) of Regulation S-K.

How will Sotera Health (SHC) compensate new director Kenneth D. Krause?

Krause will receive non-employee director compensation under Sotera Health’s existing policy, described in its April 10, 2025 proxy statement. This generally includes an annual cash retainer for board service and an annual grant of restricted stock units, consistent with other non-employee directors.

Filing Exhibits & Attachments

3 documents
Sotera Health Co

NASDAQ:SHC

View SHC Stock Overview

SHC Rankings

SHC Latest News

SHC Latest SEC Filings

SHC Stock Data

3.79B
220.76M
Diagnostics & Research
Services-misc Health & Allied Services, Nec
Link
United States
BROADVIEW HEIGHTS