Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 10, 2020, Roger F. Rankin resigned from the Board of Directors (the
"Board") of Hamilton Beach Brands Holding Company (the "Company"). The
resignation was not the result of any disagreement with the Company on any
matter relating to the Company's operations, policies or practices.
On February 11, 2020, the Board appointed Clara R. Williams to serve as a
director of the Company. Ms. Williams is the President and founder of The Clara
Williams Company and has served as a Director of the Company's wholly owned
subsidiaries, Hamilton Beach Brands, Inc., from September 2017 to present, and
The Kitchen Collection, LLC, from September 2017 to January 2020. Ms. Williams
is the daughter of Alfred M. Rankin, Jr., the Company's non-executive Chairman,
and the sister-in-law of J.C. Butler, Jr., a Director of the Company.
Ms. Williams will participate in the Company's standard compensation program for
non- employee directors as described in the Company's Proxy Statement for the
2019 Annual Meeting of Shareholders, which was filed with the Securities and
Exchange Commission on March 21, 2019.
There are no arrangements or understandings between Ms. Williams and any other
persons pursuant to which she was elected as a director.
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