Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
OnJanuary 13, 2022 ,Cummins Inc. (the "Company") issued a press release announcing thatChris Clulow , the Company's Vice President-Corporate Controller and Principal Accounting Officer since 2017, will become the Company's Vice President-Investor Relations, effectiveMarch 1, 2022 .Mr. Clulow will replaceJack Kienzler who moved toCummins Filtration effectiveJanuary 1, 2022 .Luther Peters will succeedMr. Clulow and become the Company's Vice President-Corporate Controller and Principal Accounting Officer effectiveMarch 1, 2022 .Mr. Peters , age 49, has been the Company's Vice President-Controller, Components Segment since 2017. In connection with his appointment,Mr. Peters' base salary will be increased to$340,000 and his target annual bonus will be increased to 50% of base salary, in each case effective as ofMarch 1, 2022 .Mr. Peters is also expected to receive a long-term incentive award in 2022 under the Company's 2012 Omnibus Incentive Plan as part of the Company's annual grant cycle.
Item 7.01 Regulation FD Disclosure.
On
Item 9.01. Financial Statement and Exhibits.
(d) Exhibits. - The exhibits below are included herewith:
Exhibit Index Exhibit No. Description Exhibit 99 Press Release dated January 1 3 , 202 2 . Exhibit 104 Cover Page Interactive Data File (the cover page Interactive Data File is embedded within the Inline XBRL document).
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