CFO change at SIFCO (NYSE American: SIF) as Eric Shultz succeeds Jennifer Wilson

Rhea-AI Filing Summary

SIFCO Industries, Inc. announced that Chief Financial Officer Jennifer Wilson will resign effective February 20, 2026, under a Resignation Agreement dated January 28, 2026. She will continue to receive her current salary through the resignation date, be paid any accrued unused vacation, and be reimbursed for reasonable business expenses incurred through that date.

In return for transition support and a release of claims, Ms. Wilson will receive a $30,000 cash bonus after the resignation date. The Board appointed Eric Shultz, currently Director of Strategy and Administration, as the new Chief Financial Officer and principal accounting officer effective February 20, 2026. Mr. Shultz will receive an annual base salary of $250,000 and a $30,000 bonus payable when the Company pays FY2026 bonuses, and is eligible to participate in the management incentive plan.

Insights

Corporate governance analyst

SIFCO discloses an orderly CFO transition with defined pay terms.

The company outlines Jennifer Wilson’s planned resignation as CFO effective February 20, 2026, supported by a Resignation Agreement covering salary continuation, vacation payout, expense reimbursement, and a $30,000 transition bonus in exchange for cooperation and a release of claims.

The Board simultaneously appoints Eric Shultz, an internal executive with more than 25 years of finance experience, as CFO and principal accounting officer, at a $250,000 base salary plus a $30,000 FY2026 bonus opportunity. This provides continuity in the finance function, with economic terms that are modest relative to typical C‑suite compensation and clearly disclosed for transparency.

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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 28, 2026

SIFCO Industries, Inc.

(Exact name of registrant as specified in its charter)

Ohio

1-5978

34-0553950

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

970 East 64th Street, Cleveland Ohio

44103

(Address of principal executive offices)

(ZIP Code)

Registrant’s telephone number, including area code: (216) 881-8600

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 (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))

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.   ☐  

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 Shares

SIF

NYSE American

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.

Resignation of Ms. Jennifer Wilson.

As reported on Form 8-K filed by SIFCO Industries, Inc., an Ohio corporation (the “Company”) on December 19, 2025, Jennifer Wilson notified the Board of Directors (the “Board”) of the Company of her desire to resign from her position as Chief Financial Officer of the Company, effective as of February 20, 2026 (the “Resignation Date”).

In connection with Ms. Wilson’s resignation, Ms. Wilson and the Company entered into that certain Resignation Agreement and Release of Claims, dated as of January 28, 2026 (the “Resignation Agreement”). Pursuant to the Resignation Agreement, the Company will continue to pay Ms. Wilson her current salary in the ordinary course, subject to normal withholding and voluntary deductions from payroll, until the Resignation Date.

In addition, the Resignation Agreement provides for the following:

•Any accrued unused vacation will be paid to Ms. Wilson in the first pay following the Resignation Date.

•Ms. Wilson will be entitled to reimbursement for all reasonable business expenses incurred through the Resignation Date.

•In consideration for Ms. Wilson’s agreement to work towards a transition before the Resignation Date, the Company will pay Ms. Wilson a cash bonus of $30,000, subject to normal withholding and voluntary reductions from payroll, on the first payroll occurring immediately after the Resignation Date.

•A release by Ms. Wilson of any claims against the Company, its affiliates, and its agents, and affirmation of existing confidentiality obligations as set forth in Ms. Wilson’s employment agreement with the Company.

The description of the Resignation Agreement is qualified in its entirety by reference to the full text of the Resignation Agreement, which is included as Exhibit 10.1 hereto and incorporated herein by reference.

Appointment of Mr. Eric Shultz.

On January 28, 2026, the Board appointed Eric Shultz to serve as the Chief Financial Officer of the Company, effective as of February 20, 2026. Mr. Shultz will succeed Ms. Wilson as Chief Financial Officer and will serve as principal accounting officer for Securities and Exchange Commission purposes.

Mr. Shultz, age 59, brings more than 25 years of experience in accounting and corporate finance, with particular expertise in the manufacturing and private equity sectors. Mr. Shultz currently serves as the Company's Director of Strategy and Administration. He was formerly the Chief Financial Officer of Bowden Manufacturing Corp, a position he has held since 2007. Earlier in his career, Mr. Shultz served as Chief Financial Officer of Core Systems, LLC and Homestead Capital, LLC, and Director of Finance of the Blue Coral/Slick 50 Division of Quaker State Corporation. He began his career as a Senior Auditor at Arthur Andersen & Co. Mr. Shultz holds a Bachelor of Business Administration in Accounting from Cleveland State University.

Mr. Shultz will receive an annual base salary of $250,000, as well as a $30,000 bonus payable when the Company pays FY2026 bonuses. In addition, Mr. Shultz is eligible to participate in the Company’s management incentive plan.

Item 9.01						Financial Statements and Exhibits.
(d)			Exhibits
			10.1			Resignation Agreement and Release of Claims by and between SIFCO Industries, Inc. and Jennifer Wilson, dated January 28, 2026.
			104			Cover Page Interactive Data File (embedded within the Inline XBRL document).

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.

SIFCO Industries, Inc.

(Registrant)

Date: February 3, 2026

/s/ Jennifer Wilson

Jennifer Wilson

Chief Financial Officer

(Principal Financial Officer)

FAQ

Why is SIFCO (SIF) changing its Chief Financial Officer?

SIFCO’s CFO Jennifer Wilson is resigning effective February 20, 2026, under a Resignation Agreement. She will support a transition period and provide a release of claims, while the company prepares incoming CFO Eric Shultz to assume principal financial and accounting responsibilities.

What are the key terms of Jennifer Wilson’s resignation from SIFCO (SIF)?

Jennifer Wilson will receive her current salary through February 20, 2026, payment of accrued unused vacation, reimbursement of reasonable business expenses, and a $30,000 cash bonus after the resignation date, in exchange for transition assistance, a release of claims, and affirmation of confidentiality obligations.

Who is SIFCO (SIF)’s new Chief Financial Officer and what is his background?

SIFCO appointed Eric Shultz as Chief Financial Officer effective February 20, 2026. He has over 25 years of accounting and corporate finance experience, including CFO roles at Bowden Manufacturing Corp, Core Systems, LLC, and Homestead Capital, LLC, plus earlier finance and auditing positions.

What compensation will new SIFCO (SIF) CFO Eric Shultz receive?

Eric Shultz will receive a $250,000 annual base salary and a $30,000 bonus payable when SIFCO pays FY2026 bonuses. He is also eligible to participate in the company’s management incentive plan, aligning part of his compensation with performance-based incentives set by SIFCO.

Does SIFCO (SIF) disclose any special payments tied to the CFO transition?

Yes. Jennifer Wilson will receive a $30,000 transition bonus after her February 20, 2026 resignation date. The payment is in consideration of her agreement to work toward a smooth transition and to provide a release of claims and confirm confidentiality obligations to SIFCO.

When does SIFCO (SIF) expect the CFO transition to take effect?

The transition occurs on February 20, 2026, when Jennifer Wilson’s resignation as CFO becomes effective and Eric Shultz formally assumes the Chief Financial Officer and principal accounting officer roles. Until that date, Ms. Wilson continues receiving salary and performing transition-related responsibilities for SIFCO.