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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): July 12, 2025

ROGERS CORPORATION
(Exact name of registrant as specified in its charter)
Massachusetts 1-4347 06-0513860
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)

2225 W. Chandler Blvd., Chandler, Arizona 85224
(Address of principal executive offices) (Zip Code)

(480) 917-6000
Registrant’s telephone number, including area code

Not Applicable
(Former name or former address, if changed since last report)
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 (see General Instruction A.2. below):
Written communication 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 communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communication 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
ROG
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 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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.
Departure of President and Chief Executive Officer
R. Colin Gouveia, President and Chief Executive Officer of Rogers Corporation (the “Company”) left the Company on July 12, 2025. In connection with his departure, Mr. Gouveia resigned from the Board of Directors of the Company (the “Board”) on the same date.
Mr. Gouveia will receive severance payments and benefits under the Company’s Executive Severance Plan, subject to the terms and conditions thereof (including his execution of a general release of claims and compliance with certain restrictive covenants, including non-competition and non-solicitation covenants). The Executive Severance Plan was previously disclosed as Exhibit 10.7 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, which was filed with the Securities and Exchange Commission on February 26, 2025.
Appointment of Interim President and Chief Executive Officer
On July 12, 2025, the Board appointed Ali El-Haj as Interim President and Chief Executive Officer, to lead the Company on an interim basis while the Board conducts a search for a new President and Chief Executive Officer.
Mr. El-Haj and the Company have entered into an offer letter in connection with his appointment, which provides for an annual base salary of $750,000 and a target annual incentive equal to 100% of base salary under the Company’s Annual Incentive Compensation Plan (“AICP”), starting with the 2026 performance year. Mr. El-Haj will not be eligible to participate in the AICP for the 2025 performance year. Mr. El-Haj will receive a sign-on cash bonus of $350,000, which he will be required to repay if he voluntarily resigns from the Company or his employment is terminated for cause before January 1, 2026. In addition, Mr. El-Haj will receive an initial restricted stock unit grant with a value of $1,500,000. Subject to Mr. El-Haj’s continued employment, the award will vest upon the one-year anniversary of his start date, with accelerated vesting upon death, disability and a termination without cause, subject to a release. The offer letter provides that Mr. El-Haj will not be entitled to severance benefits upon a termination of employment. The offer letter also requires Mr. El-Haj to enter into an Employment, Invention, Confidentiality and Non-Compete Agreement with the Company, which provides for confidentiality of trade secrets and confidential information and sets forth certain restrictive covenants. The foregoing description of the offer letter is not complete and is qualified in its entirety by reference to the full text of the offer letter filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Set forth below is the biographical information of Mr. El-Haj, as required by Item 401 of Regulation S-K:
From March 2025 through July 11, 2025, Mr. El-Haj served as an independent management consultant for the Company. From May 2020 to December 2024, Mr. El-Haj served as Chief Executive Officer and as a member of the board of directors of Techniplas, a company that specializes in providing advanced manufacturing solutions, primarily focusing on the automotive industry. Before that, Mr. El-Haj held many executive and other leadership positions, including as the President and Chief Executive Officer and a member of the board of directors of Cap-Con Automotive (2007 – 2017), and as President of Casco Products (2001 - 2007).
There are no arrangements or understandings between Mr. El-Haj and any other person pursuant to which he was appointed as an officer or director and Mr. El-Haj does not have a direct or indirect material interest in any “related party” transaction required to be separately disclosed pursuant to Item 404(a) of Regulation S-K. Mr. El-Haj does not have any family relationships with any of the Company’s directors or executive officers.
Additional Named Executive Officer Departure
Lawrence E. Schmid, Senior Vice President of Global Operations of the Company, left the Company on July 14, 2025. Mr. Schmid will receive severance payments and benefits under the Company’s Executive Severance Plan, subject to the terms and conditions thereof (including his execution of a general release of claims and compliance with certain restrictive covenants, including non-competition and non-solicitation covenants).
Item 8.01 Other Events.
On July 14, 2025, the Company issued a press release announcing the departure of Mr. Gouveia and the appointment of Mr. El-Haj to Interim President and Chief Executive Officer. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.



Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
10.1*
99.1
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
*Management contract or compensatory plan or arrangement 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.





SIGNATURES
ROGERS CORPORATION
(Registrant)
Date: July 14, 2025
By:
/s/ Jessica A. Morton
Jessica A. Morton
Senior Vice President, General Counsel and Corporate Secretary


EX-10.1 2 aliel-hajofferletter.htm EX-10.1 Document

Ex 10.1
rogheaderb.jpg
2225 W. Chandler Boulevard | Chandler, AZ 85226 | 480.917.6000
July 12, 2025
Ali El-Haj
41 Tuckahoe Road
Easton, CT 06612

Dear Mr. El-Haj,
It is a pleasure to confirm an offer of employment with Rogers Corporation (the “Company” or “Rogers”) to you for the position of Interim President and Chief Executive Officer (subject to the conditions described below). The assignment is anticipated to bridge the period of time the Company’s Board of Directors requires to select and appoint a permanent President and Chief Executive Officer and may be less than 12 months. Rogers does not enter into employment contracts, and your employment will be “at will.” Below is a general description of the terms we expect to apply to your employment:
Your employment is expected to commence on July 12, 2025.
The compensation package for this position is as follows and is subject to the usual payroll deductions such as income tax and Social Security:
•Your starting salary will be 750,000 USD per year, which is paid at a bi-weekly rate of $28,849 USD. This is an exempt position, which means that your salary is intended to compensate you for all hours worked, and you will not be eligible to receive overtime pay.
•You will be eligible for four (4) weeks of vacation annually, prorated as of date of hire.
•You will not be eligible to participate in the Annual Incentive Compensation Plan (“AICP”) for the 2025 performance year. Effective for the 2026 performance year, you are eligible for an award under the AICP with a target of 100% of your base salary. Depending on actual performance against predetermined company performance metrics, your actual AICP award payout can be as low as 0% and as high as 200% of your target incentive. Awards are subject to the terms of the AICP and approval by the Compensation and Organization Committee (the “Committee”).
On your start date, you will receive a special new hire stock award of restricted stock units with an initial grant value of $1,500,000 USD comprised of Restricted Stock Units. The total number of stock units will be determined by dividing the initial grant value specified above by the average closing stock price for the 30 trading days prior to your date of hire. The award will have the following terms and will be subject to the award agreement to be provided to you by the Company and the applicable plan document.
•Vesting. 100% of the award will vest upon the one-year anniversary of your employment hire date, subject to your continued employment through this date. The award will vest on an accelerated basis if your employment ceases earlier due to death, disability or a termination without Cause (as defined below), subject to the execution of a general release of claims in the form provided to you by Rogers. If your employment ceases for any other reason while the award remains unvested, you will forfeit the award.



•Settlement. Once vested:
oThe award will be settled in Rogers shares within 30 days following vesting.
oNotwithstanding the foregoing, if your employment is terminated for Cause (or if you cease employment for any reason at a time that a Cause basis for termination exists), then the award (whether or not vested) will be forfeited in its entirety.
You will receive a one-time sign-on bonus of $350,000 USD, which will be payable in your first paycheck. If you voluntarily resign from Rogers or are terminated for Cause before January 1, 2026, you will be required to reimburse the Company for the gross amount of the bonus. This letter authorizes Rogers to deduct any required reimbursement from your final paycheck or other post-employment compensation (to the extent permitted by law and subject to Section 409A of the Internal Revenue Code). You must arrange for repayment in full to Rogers of any remaining amount, with such repayment to be made within 30 days of your last day of work.
You understand that you will not be eligible to receive severance benefits upon a termination of your employment for any reason, and that you will not participate in the Rogers Corporation Executive Severance Plan or any other severance program maintained by the Company.
You agree that your consulting agreement with the Company dated March 25, 2025, will be terminated effective as of the day immediately preceding your commencement of employment under this letter. You will be paid on a pro-rated basis for any fees accrued thereunder up until that date, and acknowledge that you are owed no other compensation under that agreement. Subject to applicable law, for the purpose of determining “years of vesting service” (or a similar concept) under any program, plan or arrangement maintained by Rogers or its affiliates, you will not receive service credit for the time that you served as a consultant to the Company prior to your commencement of employment under this letter.
As a condition of employment, you must sign the enclosed agreement regarding confidentiality of trade secrets and confidential business information and setting forth certain restrictive covenants (Employment, Invention, Confidentiality and Non- Compete Agreement). Please review this agreement. You will need to sign it and deliver it to Michael Webb, Sr. Vice President and CAO, at the time you start work with Rogers.
As mentioned above, your employment is “at will,” meaning that either you or Rogers may terminate your employment at any time and for any reason, with or without cause or notice, regardless of any representations that may have been made to you. This offer letter does not establish a contractual employment relationship. It is Rogers' policy not to enter into employment contracts. Our offer is contingent upon (i) you providing us with documentation establishing your eligibility to work in the United States as required by applicable federal, state and local law(s), and (ii) background check(s) and reference check(s) satisfactory to the Company.



During your employment, you agree to serve, if elected, as an officer, director or trustee of the Company and any of its affiliates, and in such capacity to carry out the duties and responsibilities reasonably appropriate to any such position. Contemporaneous with the cessation of your employment for any reason, unless otherwise requested by the Company’s board of directors, you agree to resign from all officer, director and trustee positions with the Company and its affiliates and execute any documents requested by the Company and its affiliates to confirm that resignation.
You agree to comply and be bound by the policies of the Company and its affiliates as in effect from time to time, including (without limitation) policies regarding ethics, personal conduct, stock ownership, securities trading, clawback and hedging and pledging of securities.
For purposes of this letter, “Cause” means, as reasonably determined by the Company’s board of directors in its discretion, (1) conviction of (or a plea of guilty or nolo contendere to) a felony or any other crime involving perjury, fraud, or theft; (2) willful and continuous failure to perform substantially all of your duties (other than any such failure resulting from your disability or incapacity due to bodily injury or physical or mental illness), after a written demand for substantial performance is delivered to you identifying how such failure reasonably may be cured and you are given at least 30 days to cure such failure, or (3) willful violation of a material requirement of the Company’s code of conduct or your fiduciary duty to the Company, including violation of any restrictive covenants applicable to you. No act or failure to act shall be considered “willful” unless it is done, or omitted to be done, by you in bad faith and without reasonable belief that your action or omission was in, or not opposed to, the best interests of the Company.
We look forward to hearing from you and welcoming you to the team. If you have any questions regarding our employment offer, or Rogers in general, please do not hesitate to contact me. Thank you.




Sincerely,


__________________________________
Pete Wallace
Chair of the Board




__________________________________
Offer Accepted by Ali El-Haj    



CC: Michael Webb, Sr. Vice President & CAO

EX-99.1 3 ceodeparturepressrelease.htm EX-99.1 Document
Ex 99.1
rogheadera.jpg
Rogers Corporation Announces CEO Transition
Rogers launches a search for permanent CEO and names Ali El-Haj as interim leader
Chandler, Arizona, July 14, 2025: The Board of Directors of Rogers Corporation (NYSE: ROG) today announced that Colin Gouveia has left his position as President and CEO and has resigned from the Board on July 12, 2025. Ali El-Haj has been named the company’s interim President and CEO. Mr. El-Haj brings global leadership experience in key Rogers markets and is well-positioned to advance the company’s strategic direction during this transition.
“Ali is an accomplished global leader with extensive experience in technical sectors and a strong track record of executing strategy in lean, high-performance environments,” said Peter Wallace, Chair of the Rogers Board of Directors. “This transition also marks a shift to simplify our operating model to enable greater agility and focus. Rogers has a clear strategy, a talented management team and a proven legacy of innovation for customers. We are confident in the team’s ability to safely deliver long-term value for our customers, employees and shareholders.”
“The Rogers Board of Directors will conduct a robust search to select a permanent leader— as the company enters its next phase of growth and innovation. The search will consider internal and external candidates,” added Mr. Wallace.
Mr. El-Haj is a seasoned CEO with over 30 years of international experience leading growth, turnarounds, and strategic expansion in the automotive and manufacturing industries. Most recently, he guided Techniplas, a Tier 1 supplier, through multiple acquisitions, complex COVID-19 supply chain challenges, and securing several contracts with European OEMs. Prior to that, Mr. El-Haj served as President and CEO of CAP-CON Automotive Technologies, where he expanded Casco Products into a global leader in sensor and connectivity systems, and simultaneously led ARC Automotive through a major turnaround. Mr. El-Haj holds a master’s degree in physics/quantum mechanics from the University of Connecticut and a bachelor’s degree in electrical and computer engineering from the University of Bridgeport.
“I am honored to lead the Rogers organization at such a pivotal time in its journey,” said Mr. El-Haj. “I look forward to working closely with the executive leadership team, employees around the world and the Board of Directors to execute with excellence on our strategic plan. Together, we will drive innovation, enhance our operational discipline and execute where it matters for our customers, creating the engineered materials that move the world forward.”
“On behalf of the Board of Directors and the employees at Rogers, I would like to thank Colin for his leadership and contributions to the organization. We wish him well in his future endeavors.” said Mr. Wallace.
About Rogers Corporation
Rogers Corporation (NYSE: ROG) is a global leader in engineered materials to power, protect, and connect the world. With more than 185 years of materials science and process engineering expertise, Rogers delivers high-performance solutions for EV/HEV, advanced electronics, aerospace and defense, and industrial markets. Headquartered in Chandler, Arizona (USA), Rogers operates manufacturing facilities in the United States, China, Germany, Hungary, Belgium, and South Korea, with sales offices worldwide.
Investor Contact:
Steve Haymore
Senior Director, Investor Relations
Phone: 480.917.6026
Email: stephen.haymore@rogerscorporation.com
Media Contact:
Email: corpcom@rogerscorporation.com
www.rogerscorp.com