Toro adds Tennant CEO David Huml to board
The Toro Company’s board grows to eleven members with the immediate election of Tennant CEO David Huml as a non-employee director and committee member.
Rhea-AI Filing Summary
The Toro Company (TTC) expanded its Board of Directors and added a new independent member. On September 21, 2026, the Board increased its size from ten to eleven directors and elected David W. Huml, president and chief executive officer of Tennant Company, to serve as a non-employee director in the class with a term expiring at the 2027 annual meeting of stockholders. He also joins the Board’s Audit Committee and Finance Committee, effective immediately.
Huml will receive customary non-employee director compensation under Toro’s existing plans, and the company states there are no related-party transactions requiring disclosure. Toro highlights his leadership background in global marketing, operations, product management, robotics and smart-connected technologies. The company reports net sales of $4.5 billion in fiscal 2025 and a presence in more than 125 countries.
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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, or exhibit attachments filed with this report.
Key Figures
Board size after change: 11 directors
Prior board size: 10 directors
Director term end: 2027 annual meeting of stockholders
+2 more
5 metrics
Board size after change
11 directors
Number of directors constituting the Board after the September 21, 2026 change
Prior board size
10 directors
Number of directors constituting the Board before adding David W. Huml
Director term end
2027 annual meeting of stockholders
Class of directors in which David W. Huml will serve
Net sales
$4.5 billion
Net sales in fiscal 2025 for The Toro Company
Global presence
More than 125 countries
Countries in which The Toro Company has a presence
Key Terms
non-employee director, Audit Committee, Finance Committee, Item 404(a) of Regulation S-K, +1 more
5 terms
non-employee director regulatory
"In his capacity as a non-employee director, Mr. Huml will receive"
Audit Committee regulatory
"elected David W. Huml to the Board and to the Audit Committee"
A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.
Finance Committee financial
"to the Audit Committee and Finance Committee of the Board"
A finance committee is a small group of board members or senior managers tasked with overseeing an organization’s financial planning, budgeting, capital allocation and reporting. Think of it as the company’s household finance team that sets spending priorities, checks financial controls and advises on big investments; its quality and decisions matter to investors because they shape cash use, risk management and the credibility of financial information investors rely on.
Item 404(a) of Regulation S-K regulatory
"transactions ... required to be disclosed by Item 404(a) of Regulation S-K"
Inline XBRL technical
"Cover Page Interactive Data File (embedded within the Inline XBRL document)"
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What board change did The Toro Company (TTC) announce on September 21, 2026?
The Toro Company’s Board of Directors increased its size from ten to eleven members and elected David W. Huml as a non-employee director, effective immediately, with a term expiring at the 2027 annual meeting of stockholders.
Who is David W. Huml, the new director of TTC?
David W. Huml is the president and chief executive officer of Tennant Company (NYSE: TNC) and serves on Tennant’s Board of Directors. His background includes roles as chief operating officer and senior vice president for APAC, EMEA and global marketing at Tennant.
Which Toro Company board committees will David Huml serve on?
David Huml has been elected to The Toro Company’s Audit Committee and Finance Committee, effective immediately, in addition to his role as a non-employee member of the Board of Directors.
Will David Huml receive special compensation for joining TTC’s board?
David Huml will receive customary non-employee director compensation under The Toro Company’s existing plans and policies for non-employee board members, as previously described in its definitive proxy statement for the March 17, 2026 annual meeting.
How large is The Toro Company’s business as of fiscal 2025?
The Toro Company reports net sales of $4.5 billion in fiscal 2025 and a global presence in more than 125 countries across brands such as Toro, Ditch Witch, Exmark, BOSS, Ventrac, American Augers, Spartan and others.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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): September 21, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||
| | ||||||||
| (Address of principal executive offices) | (Zip Code) | |||||||
Registrant's telephone number, including area code: (952 ) 888-8801
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:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
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. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 21, 2026, the Board of Directors (the “Board”) of The Toro Company (“TTC”) increased the number of directors constituting the Board from ten to eleven and elected David W. Huml to the Board and to the Audit Committee and Finance Committee of the Board, effective immediately, and serving in the class of directors with a term expiring at the 2027 annual meeting of stockholders of TTC.
In his capacity as a non-employee director, Mr. Huml will receive customary non-employee directors compensation pursuant to plans and policies applicable to non-employee members of the Board, as described in TTC’s definitive proxy statement for its most recent Annual Meeting of Stockholders held on March 17, 2026.
There are no arrangements or understandings between Mr. Huml and any other person pursuant to which he was selected as a director of TTC, and there have been no transactions since the beginning of TTC’s last fiscal year, or are currently proposed, regarding Mr. Huml that are required to be disclosed by Item 404(a) of Regulation S-K.
Attached to this Current Report on Form 8-K as Exhibit 99.1 is the press release announcing the election of Mr. Huml to the Board.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
| Exhibit No. | Description | ||||
| 99.1 | Press release dated September 21, 2026 (furnished herewith). | ||||
| 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.
| THE TORO COMPANY | |||||
| (Registrant) | |||||
| Date: September 21, 2026 | /s/ Joanna M. Totsky | ||||
| Joanna M. Totsky | |||||
| Vice President, General Counsel and Corporate Secretary | |||||
Investor Relations
Heather Hille
Vice President, Corporate Affairs and Investor Relations
(952) 887-8923, heather.hille@toro.com
Branden Happel
Senior Manager, Public Relations
(952) 887-8930, branden.happel@toro.com
For Immediate Release
The Toro Company Elects David Huml to Board of Directors
BLOOMINGTON, Minn. (September 21, 2026) – The Toro Company (NYSE: TTC), a leading global provider of solutions for the outdoor environment, today announced the election of David Huml, president and chief executive officer of Tennant Company (NYSE: TNC), to its Board of Directors, effective immediately.
“We are pleased to welcome Dave to The Toro Company’s Board of Directors,” said Richard Olson, chairman and chief executive officer of The Toro Company. “His broad leadership experience in global marketing, operations and product management, paired with his expertise in robotics and smart-connected technologies, will bring valuable perspective to our Board. We look forward to his contributions as we continue to advance our strategic vision and create long-term value for our customers and shareholders.”
Tennant is a global leader of solutions that helps create a cleaner, safer and healthier world. As president and chief executive officer, Huml also serves on its Board of Directors. Throughout his 12-year career at Tennant, he has served as chief operating officer, senior vice president for the APAC and EMEA businesses, and senior vice president of global marketing. Before joining Tennant, Huml held several executive leadership positions with Pentair plc, a leading manufacturer of water and fluid solutions, values and controls. Huml received a Bachelor of Arts in business management and marketing from Wittenberg University, and an MBA from the University of Minnesota – Carlson School of Management.
About The Toro Company
The Toro Company (NYSE: TTC) is a leading global provider of solutions for the outdoor environment including turf and landscape maintenance, snow and ice management, underground construction, rental and specialty construction, and irrigation and outdoor lighting solutions. With net sales of $4.5 billion in fiscal 2025, The Toro Company’s global presence extends to more than 125 countries through a family of brands that includes Toro, Ditch Witch, Exmark, BOSS, Ventrac, Tornado, HammerHead, American Augers, Spartan, Subsite, Radius, Hayter, Perrot, Unique Lighting Systems, Irritrol, and Lawn-Boy. Through constant innovation and caring relationships built on trust and integrity, The Toro Company and its family of brands have built a legacy of excellence by helping customers work on golf courses, sports fields, construction sites, public green spaces, commercial and residential properties and agricultural operations. For more information, visit www.thetorocompany.com.
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