Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously disclosed, Michelle O. Mosier has resigned as Senior Vice
President, Chief Financial Officer and Treasurer of Hamilton Beach Brands
Holding Company (the "Company"), effective January 13, 2023.
On January 13, 2023, the Board of Directors of the Company appointed Linda
Woermer, Senior Director, Controller of the Company's principal operating
subsidiary, Hamilton Beach Brands, Inc. ("HBB"), as principal financial officer
and principal accounting officer of the Company on an interim basis effective as
of Ms. Mosier's departure. Ms. Woermer will hold such positions until a
permanent replacement is identified. Ms. Woermer, age 62, has served as Senior
Director, Controller of HBB from April 2020 to the present. From April 2019 to
March 2020, she served as Director of Fahrenheit Advisors, LLC, in which
capacity she provided consulting services to HBB from October 2019 to March
2020. From September 2017 to March 2019, she served as Senior Manager of
Financial Planning and Analysis, Global Commercial Operations of Indivior, Inc.
In connection with her appointment as the Company's interim principal financial
officer and principal accounting officer, Ms. Woermer is not expected to receive
any additional compensation or enter into any new compensatory arrangements.
There are no arrangements or understandings between Ms. Woermer and any other
persons pursuant to which she was selected as interim principal financial
officer and principal accounting officer. There are no family relationships
between Ms. Woermer and any director or executive officer of the Company, and
there are no related party transactions between the Company and Ms. Woermer that
would require disclosure under Item 404(a) of Regulation S-K under the
Securities Exchange Act of 1934, as amended.
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