Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 17, 2022, Hillenbrand, Inc. (the "Company") promoted Megan A. Walke, age
43, who has been serving as Interim Chief Accounting Officer of the Company, to
the position of the Company's Vice President, Chief Accounting Officer,
effective May 23, 2022. Ms. Walke became the Company's Interim Chief Accounting
Officer in February 2022, having served as the Company's Director, Financial
Reporting since August 2014 and prior to that in roles of increasing
responsibility in the Company's finance organization. Ms. Walke began her career
with nearly a decade in public accounting at Ernst & Young.
The Company has entered into employment documentation with Ms. Walke in
substantially the same form as it has with other officers. Ms. Walke's
compensation package includes an annual base salary of $230,000 and an annual
short-term incentive compensation target at 40% of base salary. In addition, Ms.
Walke will be eligible to participate in annual equity-based awards under the
Company's long-term incentive compensation plan. She will also be eligible to
participate in the benefit plans provided to the Company's officers generally.
There are no arrangements or understandings between Ms. Walke and any other
person pursuant to which she was appointed as an officer of the Company. There
are no family relationships between Ms. Walke and any director or executive
officer of the Company, and she has no direct or indirect material interest in
any transaction required to be disclosed pursuant to Item 404(a) of Regulation
S-K.
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