Whirlpool (WHR) outlines $2.99M separation deal for former North America president

Rhea-AI Filing Summary

Whirlpool Corporation reports final separation terms for Alessandro Perucchetti, former Executive Vice President and President, Whirlpool North America. Under a Waiver and Release Agreement, his employment ended on March 31, 2026, and he will receive $2,997,560 paid in two installments.

He remains eligible for a prorated 2026 annual incentive under the Executive Performance Excellence Plan, based on 2026 company performance as determined by the Human Resources Committee in February 2027. All payments depend on his waiver of claims, compliance with two-year restrictive covenants, and an ongoing cooperation obligation.

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

Severance payment: $2,997,560 First severance installment timing: Within 30 days Second severance installment timing: March 2027 +4 more

7 metrics

Severance payment $2,997,560 Total cash consideration under Waiver and Release Agreement

First severance installment timing Within 30 days From March 31, 2026 termination date

Second severance installment timing March 2027 Second payment date under Agreement

Employment termination date March 31, 2026 Date Perucchetti’s employment with Whirlpool ended

Restrictive covenant period Two years Post-termination compliance period required by Agreement

Incentive plan year 2026 Executive Performance Excellence Plan prorated award eligibility

Incentive determination date February 2027 When Human Resources Committee will determine 2026 performance

Key Terms

Waiver and Release Agreement, Executive Performance Excellence Plan, restrictive covenants, covenant of cooperation, +2 more

6 terms

Waiver and Release Agreement financial

"Mr. Perucchetti entered into a Waiver and Release Agreement with the Company"

Executive Performance Excellence Plan financial

"eligible to receive a prorated annual incentive award under the 2026 Executive Performance Excellence Plan"

restrictive covenants financial

"compliance with customary restrictive covenants for two years following his termination date"

Restrictive covenants are contract terms that limit what a company, its executives, or shareholders can do—like rules that prohibit selling stock, starting a rival business, or taking on certain debts. Think of them as house rules that protect one party’s interests by keeping risky or competitive actions off the table. For investors they matter because these limits affect a company’s flexibility, governance, potential future value and the ease of exiting an investment.

covenant of cooperation financial

"and an ongoing covenant of cooperation"

Regulation FD regulatory

"for complying with our disclosure obligations under Regulation FD"

Regulation FD is a rule that prevents company insiders, like executives, from sharing important information with some people before others get it. It matters because it helps ensure all investors have equal access to key news, making the stock market fairer and reducing chances of insider trading.

Emerging growth company regulatory

"Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Understanding 8-K Material Events →

WHIRLPOOL CORP /DE/0000106640false00001066402026-03-312026-03-310000106640us-gaap:CommonStockMemberexch:XNYS2026-03-312026-03-310000106640us-gaap:CommonStockMemberstpr:TX2026-03-312026-03-310000106640exch:XNYS2026-03-312026-03-310000106640stpr:TX2026-03-312026-03-310000106640whr:DepositaryShareMemberexch:XNYS2026-03-312026-03-31

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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 31, 2026

WHIRLPOOL CORPORATION

(Exact name of registrant as Specified in Charter)

Delaware

1-3932

38-1490038

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

2000 North M-63,

Benton Harbor,

Michigan

49022-2692

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code (269) 923-5000

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:

☐			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(s)

Name of each exchange on which registered

Common stock, par value $1.00 per share

WHR

New York Stock Exchange

and

NYSE Texas

Depositary Shares, each representing a 1/20 interest in a share of 8.50% Series A Mandatory Convertible Preferred Stock

WHR-PRA

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 (§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

As reported by Whirlpool Corporation (the “Company”) in its Current Report on Form 8-K, dated November 5, 2025, Alessandro Perucchetti, formerly Executive Vice President and President, Whirlpool North America, stepped down from his executive officer role, effective January 1, 2026, as part of the Company’s ongoing talent planning process.

Mr. Perucchetti entered into a Waiver and Release Agreement with the Company under which his employment terminated on March 31, 2026 (the "Agreement”). Under the terms of the Agreement, Mr. Perucchetti will receive payment of $2,997,560 in two installments, the first to be made within 30 days of his termination date and the second to be made in March 2027. He will be eligible to receive a prorated annual incentive award under the 2026 Executive Performance Excellence Plan based on his target award percentage and 2026 Company performance as determined by the Human Resources Committee of the Board of Directors in February 2027. All consideration due to Mr. Perucchetti under the Agreement is contingent upon his compliance with its terms, including a waiver and release of all claims against the Company, compliance with customary restrictive covenants for two years following his termination date, and an ongoing covenant of cooperation.

The above description of the Agreement is not complete and is qualified in its entirety by reference to the full text of the Agreement, which is filed as Exhibit 10.1 to this Current Report.

Item 9.01. Financial Statements and Exhibits.

(d)     Exhibits.

Exhibit No.			Exhibit
Exhibit 10.1			Waiver and Release Agreement Executed March 31, 2026 by and between the Company and Alessandro Perucchetti
Exhibit 104			Cover Page Interactive Data File (embedded within the Inline XBRL document)

Website Disclosure

We routinely post important information for investors on our website, whirlpoolcorp.com, in the "Investors" section. We also intend to update the Hot Topics Q&A portion of this webpage as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investors section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our webpage is not incorporated by reference into, and is not a part of, this document.

SIGNATURE

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.

Date: April 3, 2026                     WHIRLPOOL CORPORATION

                            By:     /s/ BRIDGET K. QUINN         

                            Name:     Bridget K. Quinn

                            Title:     Deputy General Counsel & Corporate Secretary

FAQ

What executive change did Whirlpool (WHR) disclose in this 8-K?

Whirlpool disclosed that Alessandro Perucchetti, formerly Executive Vice President and President, Whirlpool North America, ended his employment on March 31, 2026. His departure follows an earlier step-down from his executive officer role as part of the company’s ongoing talent planning process disclosed in November 2025.

How much severance will Alessandro Perucchetti receive from Whirlpool (WHR)?

Under the Waiver and Release Agreement, Alessandro Perucchetti will receive a total cash payment of $2,997,560. The amount will be paid in two installments, one within 30 days of his March 31, 2026 termination date and the second in March 2027.

What bonus or incentive compensation can Perucchetti still earn from Whirlpool (WHR)?

Perucchetti is eligible for a prorated annual incentive award under Whirlpool’s 2026 Executive Performance Excellence Plan. The award will be based on his target incentive percentage and 2026 company performance, as determined by the Human Resources Committee in February 2027.

What conditions must Perucchetti meet to receive payments from Whirlpool (WHR)?

All consideration under the Agreement is contingent on his compliance with its terms. These include a waiver and release of all claims against Whirlpool, adherence to customary restrictive covenants for two years after termination, and an ongoing covenant of cooperation with the company.

What document details Whirlpool’s agreement with Alessandro Perucchetti?

The terms are set out in a Waiver and Release Agreement between Whirlpool and Alessandro Perucchetti. The company notes that its summary is not complete and refers investors to the full text, filed as Exhibit 10.1 to this Form 8-K for complete details.

How does Whirlpool (WHR) say it will share important investor information?

Whirlpool states it routinely posts important investor information on the Investors section of whirlpoolcorp.com. It also intends to use the Hot Topics Q&A page for potential material, non-public information and for complying with Regulation FD, alongside press releases, conference calls, and webcasts.

Filing Exhibits & Attachments

5 documents

Agreements & Contracts

• EX-10.1 EX-10.1 62.7 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2.8 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT 17.7 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 30.6 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 18.1 KB