Tennant Co director James T. Glerum Jr. has filed a Form 3 as a reporting person for the company. The filing lists no insider transactions, with zero buys, zero sells, and no net change in share position reported in the transaction summary.
Mairs and Power, Inc. filed an amended Schedule 13G reporting a passive ownership stake in Tennant Company common stock. The firm beneficially owns 1,071,474 shares, representing 5.91% of the outstanding common stock as of the event date. Mairs and Power has sole voting power over 1,067,773 shares and sole dispositive power over 1,071,474 shares, with no shared voting or dispositive power. The filer certifies the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Tennant.
Tennant Company has entered a cooperation agreement with Vision One Fund that adds Patrick E. Allen to its Board and sets several governance commitments. Allen joins as a Class II director through the 2027 annual meeting and will serve on the Executive and Audit Committees.
The agreement caps the Board at no more than eleven directors until the 2027 annual meeting announcement date and requires Tennant to seek shareholder approval to declassify the Board so all directors are elected annually, by the earlier of the 2027 meeting or sixteen months from the agreement. Tennant also appointed James T. Glerum, Jr. as a Class III director through the 2028 meeting, with similar committee roles and standard non‑employee director compensation.
Vision One agreed to customary standstill, non‑disparagement and voting commitments through the cooperation agreement’s expiration date. Following these appointments, Tennant’s Board has eleven directors, ten of whom are independent.
Tennant Company plans to hold its 2026 annual meeting of shareholders on Wednesday, April 29, 2026, with the exact time to be provided in its proxy statement. The company also set February 13, 2026 as the deadline for shareholders to submit director nominations under its Restated Articles of Incorporation.
Tennant Company (TNC) officer Patrick W. Schottler reported a Form 4 transaction. On 11/03/2025, a transaction coded F in common stock covered 153 shares at $80. Following the transaction, he beneficially owned 5,840 shares, held directly.
Schottler is listed as SVP, Chief Marketing & Technology Officer. The filing indicates it was made by one reporting person, with the signature submitted on 11/05/2025.
Tennant Company (TNC) reported Q3 2025 results with net sales of $303.3 million versus $315.8 million a year ago as lower volumes in North America offset pricing gains. Gross margin was 42.7%, up 30 bps, while operating income fell to $22.3 million from $30.6 million. Diluted EPS was $0.80 versus $1.09.
Year to date, net sales were $911.9 million versus $957.8 million, and diluted EPS was $2.57 versus $4.03. By region in Q3: Americas $203.6 million (down 6.9%), EMEA $80.5 million (up 5.5%, aided by currency), and APAC $19.2 million (down 7.7%). Operating cash flow was $50.8 million for the first nine months, supporting share repurchases of $56.3 million and dividends of $16.4 million.
Revolving credit borrowings were $237.5 million with about $409.3 million of unused capacity; the weighted average cost of debt was approximately 5.7% (about 4.5% net of swaps). Deferred revenue rose to $27.5 million. The company recorded $1.3 million in Q3 restructuring costs and an additional $5.3 million accrual tied to an intellectual property case, bringing total damages and interest to about $20.2 million. As of October 31, 2025, shares outstanding were 18,125,969.
Tennant Company furnished an update on results of operations and financial condition. The company submitted a news release as Exhibit 99, dated November 3, 2025, via a Form 8-K.
The company states the information in Item 2.02 and Exhibit 99 is furnished and not deemed filed under the Exchange Act, and is not incorporated by reference into Securities Act filings. No additional financial details are included in this excerpt.
Richard H. Zay, Chief Commercial Officer of Tennant Company (TNC), reported the sale of 4,042 shares of Tennant common stock on 08/19/2025 at a weighted average price of $83.2074 per share, with individual sale prices ranging from $83.02 to $83.29. After the sale, Mr. Zay beneficially owned 20,998 shares. The Form 4 was signed on behalf of the reporting person and filed to disclose these changes in beneficial ownership.
Tennant Company (TNC) notice reports a proposed sale under Rule 144 of 4,042 common shares, with an aggregate market value of $336,324.23, representing part of the company's publicly traded common stock listed on the NYSE. The shares were acquired on 02/21/2025 through the vesting of a stock award from TENNANT CO and are characterized as a compensatory payment. The filer indicates no securities sold in the past three months and names Merrill Lynch as the broker with an approximate sale date of 08/19/2025. The notice includes the required representation that the seller is not aware of undisclosed material adverse information.