SPX Technologies (NYSE: SPXC) adds CEO Brian Deck to its board

Rhea-AI Filing Summary

SPX Technologies, Inc. elected Brian Deck as a new independent director, effective July 27, 2026. He has also been appointed to the Board’s Audit and Governance & Sustainability Committees. His cash and equity compensation will be pro-rated for his service through the Company’s 2027 Annual Meeting of Stockholders.

Non-employee directors receive an annual cash retainer of $100,000 and an annual grant of time-vested restricted stock units with a grant date value of $150,000, which for Mr. Deck will vest the day before the 2027 Annual Meeting, subject to continued service. He currently serves as Chief Executive Officer of JBT Marel Corporation and previously held senior financial roles at National Material, Ryerson, General Electric and Bank One Corporation. SPX supplies highly engineered products and technologies in the HVAC and detection and measurement markets, with approximately 5,300 employees in 16 countries.

8-K Event Classification

2 items: 5.02, 9.01

2 items

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.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Annual cash retainer: $100,000 Annual RSU grant value: $150,000 Employees: 5,300 +3 more

6 metrics

Annual cash retainer $100,000 Annual retainer of cash for non-employee directors of SPX Technologies

Annual RSU grant value $150,000 Grant date value of annual award of time-vested restricted stock units for non-employee directors

Employees 5,300 Approximate number of SPX Technologies employees in 16 countries

Countries of operation 16 Number of countries where SPX Technologies has employees

Director effective date July 27, 2026 Effective date of Brian Deck’s election to the Board of Directors

Vesting reference year 2027 Restricted stock units vest the day before the 2027 Annual Meeting of Stockholders

Key Terms

time-vested restricted stock units, Annual Meeting of Stockholders, Governance & Sustainability Committees, independent member of the Board of Directors

4 terms

time-vested restricted stock units financial

"Grant Date Value of Annual Award of time-vested restricted stock units"

Annual Meeting of Stockholders regulatory

"service through the Company’s 2027 Annual Meeting of Stockholders"

Governance & Sustainability Committees regulatory

"appointed to serve on the Board’s Audit and Governance & Sustainability Committees"

independent member of the Board of Directors regulatory

"announced Brian Deck as a new independent member of the Board of Directors"

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FAQ

What board change did SPX Technologies (SPXC) announce?

SPX Technologies appointed Brian Deck as a new independent member of its Board of Directors, effective July 27, 2026, and named him to the Audit and Governance & Sustainability Committees as part of its board refreshment efforts.

Which SPXC board committees will Brian Deck serve on?

Brian Deck will serve on SPX Technologies’ Audit Committee and its Governance & Sustainability Committee, giving him oversight involvement in the company’s financial reporting, governance practices, and sustainability-related matters starting from his July 27, 2026 effective date.

How will Brian Deck be compensated as an SPXC director?

For service through the 2027 Annual Meeting, Brian Deck will receive a pro-rated share of the standard non-employee director package: an annual cash retainer of $100,000 and an annual $150,000 grant-date value of time-vested restricted stock units, subject to vesting conditions.

When do Brian Deck’s SPXC restricted stock units vest?

Brian Deck’s pro-rated grant of time-vested restricted stock units will vest, subject to his continued service on the Board, on the day before SPX Technologies’ 2027 Annual Meeting of Stockholders, aligning his equity compensation with the director service cycle.

What is Brian Deck’s current role outside SPX Technologies (SPXC)?

Brian Deck currently serves as the Chief Executive Officer of JBT Marel Corporation (NYSE: JBTM), a provider of technology solutions to the food and beverage industry, and previously held senior financial leadership roles at National Material, Ryerson, General Electric and Bank One Corporation.

What markets does SPX Technologies (SPXC) primarily serve?

SPX Technologies is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC and detection and measurement markets, with approximately 5,300 employees across 16 countries and its shares listed on the New York Stock Exchange.

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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): July 24, 2026

SPX TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

 

Delaware

1-6948

88-3567996

(State or other jurisdiction

(Commission

(IRS Employer

of incorporation)

File Number)

Identification No.)

6325 Ardrey Kell Road, Suite 400,

Charlotte, North Carolina 28277

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code  (980) 474-3700

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 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 Symbols(s)			Name of each exchange on which registered
Common Stock, par value $0.01			SPXC			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 (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; Elections of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 24, 2026, the Board of Directors (the “Board”) of SPX Technologies, Inc. (the “Company”) elected Brian Deck as director of the Company effective July 27, 2026. Also effective July 27, 2026, the Board appointed Mr. Deck as a member of the Board’s Audit and Governance & Sustainability Committees.

For his service through the Company’s 2027 Annual Meeting of Stockholders, Mr. Deck will receive a cash retainer based on the annual cash retainer awarded to non-employee directors, pro-rated for his period of service beginning as of the effective date of his election to the Board. In addition, he will receive an equity grant of time-vested restricted stock units of the Company having a grant date value based on the grant date value of the annual grant of restricted stock units awarded to non-employee directors, but pro-rated for the period of his service beginning as of the effective date of his election to the Board, which vest, subject to his continued service on the Board, the day before the Company’s 2027 Annual Meeting of Stockholders. Such annual compensation for non-employee directors of the Company is set forth below:

Annual Retainer of Cash			$	100,000
Grant Date Value of Annual Award of Time-Vested Restricted Stock Units			$	150,000

A press release issued by the Company on July 27, 2026 announcing the election of Mr. Deck is filed as Exhibit 99.1 hereto.

2

Item 9.01.                                        Financial Statements and Exhibits.

(d)                                 Exhibits.

Exhibit Number						Description
99.1						Press Release issued July 27, 2026, Director Appointment to the Board of Directors of SPX Technologies, Inc.
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.

			SPX TECHNOLOGIES, INC.
			(Registrant)
Date: July 27, 2026			By:			/s/ DANIEL J. WHITMAN
						Daniel J. Whitman
						Vice President, General Counsel and Secretary

Exhibit 99.1

SPX Announces Appointment of New Board Member

CHARLOTTE, N.C. [July 27, 2026] (GLOBE NEWSWIRE) – SPX Technologies (NYSE: SPXC) (“SPX” or the “Company”) today announced Brian Deck as a new independent member of the Board of Directors of SPX, effective July 27, 2026. In addition to Board membership, Mr. Deck has been appointed to serve on the Board’s Audit and Governance & Sustainability Committees.

“We’re very pleased to welcome another highly-talented board member to SPX. Brian brings a valuable combination of expertise that supports our long-term strategy and continued success.” said Gene Lowe, President and CEO of SPX. “Brian has an outstanding track record of successfully managing organic and inorganic growth, including overseeing multiple acquisitions, and implementing company-wide processes to enhance performance. As a sitting CEO of a public company, Brian brings a valuable perspective, and we look forward to his contributions as a valued member of our team.”

Mr. Deck currently serves as the Chief Executive Officer of JBT Marel Corporation (NYSE: JBTM) (“JBT”), which provides technology solutions to the food and beverage industry. Prior to joining JBT, Mr. Deck served as Chief Financial Officer of National Material. Previously he held various financial leadership roles at Ryerson, General Electric and Bank One Corporation.

About SPX Technologies, Inc: SPX Technologies is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC and detection and measurement markets. Based in Charlotte, North Carolina, SPX has approximately 5,300 employees in 16 countries. SPX Technologies is listed on the New York Stock Exchange under the ticker symbol “SPXC.” For more information, please visit www.spx.com.

SPX Investor Contact:

Johann Rawlinson, Vice President, Investor Relations

Email: spx.investor@spx.com

Source: SPX Technologies

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 EX-99.1 5.1 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.7 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 22.3 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.7 KB