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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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) October 1, 2025
TEREX CORPORATION
(Exact Name of Registrant as Specified in Charter)
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| Delaware |
1-10702 |
34-1531521 |
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(IRS Employer |
| of Incorporation) |
File Number) |
Identification No.) |
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| 301 Merritt 7, 4th Floor |
Norwalk |
Connecticut |
06851 |
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(Zip Code) |
Registrant's telephone number, including area code (203) 222-7170
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| 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 communications 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 communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications 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:
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| Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered |
| Common Stock ($0.01 par value) |
TEX |
New York Stock Exchange |
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| 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). |
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| Emerging growth company |
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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. |
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 1, 2025, Terex announced that Srikanth Padmanabhan has been appointed to the Board of Directors (the “Board”) of Terex Corporation (“Terex” or the “Company”). His appointment is effective December 1, 2025. Mr. Padmanabhan recently retired as Executive Vice President and President – Operations of Cummins, Inc., a global power solutions company. Mr. Padmanabhan was a distinguished leader at Cummins for 34 years, including being President of the Engine Business and held several global business leadership roles in the Cummins’ Power Generation, Components and Engine segments. He started his career in manufacturing and plant leadership roles and has lived and worked in India, U.S., Mexico, and England.
There are no relationships or related transactions between Mr. Padmanabhan and the Company that would be required to be reported under Section 404(a) of Regulation S-K. Mr. Padmanabhan will be an independent director under the listing standards of the New York Stock Exchange and the Company’s Corporate Governance Guidelines. Mr. Padmanabhan will receive the standard compensation provided to all Terex non-employee directors as described under the heading “Director Compensation” in the Company’s Definitive Proxy Statement filed with the Securities and Exchange Commission on April 1, 2025. Terex non-employee directors generally serve on at least one committee of the Board, and it is currently expected that Mr. Padmanabhan will also serve on committees of the Board.
A copy of the Company’s press release, dated October 1, 2025, announcing the appointment of Mr. Padmanabhan to the Board is attached hereto as Exhibit 99.1 and is hereby incorporated by reference into this Item 5.02.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
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.
Date: October 1, 2025
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| TEREX CORPORATION |
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By: /s/Scott J. Posner |
| Scott J. Posner |
| Senior Vice President, Secretary |
| and General Counsel |
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EX-99.1
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exh99_1pressreleasebod.htm
EX-99.1 PRESS RELEASE NEW BOD MBR
Document
Srikanth Padmanabhan Joins Terex Board Of Directors
NORWALK, CT. October 1, 2025 /PRNewswire/ -- Terex Corporation (NYSE: TEX) today announced that Srikanth Padmanabhan has been appointed to the Company's Board of Directors, effective December 1, 2025. Mr. Padmanabhan recently retired as Executive Vice President and President – Operations of Cummins, Inc., a global power solutions company. Mr. Padmanabhan was a distinguished leader at Cummins for 34 years, including being President of the Engine Business and held several global business leadership roles in the Cummins’ Power Generation, Components and Engine segments. He started his career in manufacturing and plant leadership roles and has lived and worked in India, U.S., Mexico, and England.
"We look forward to Srikanth’s valuable insights and perspectives, which will complement the experience of our current board," commented David A. Sachs, Terex Non-Executive Chairman. "Srikanth is an executive with a proven track record of driving significant business growth and value."
Mr. Padmanabhan holds a bachelor’s degree in Mechanical Engineering from the National Institute of Technology in Trichy, India and a PhD in Mechanical Engineering from Iowa State University in Ames, Iowa. He is also a graduate of the Advanced Management Program from Harvard Business School.
He currently serves on the Board of Directors of Leggett & Platt Incorporated.
About Terex
Terex Corporation is a global industrial equipment manufacturer of materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electric utility industry. We design, build, and support products used in maintenance, manufacturing, energy, minerals and materials management, construction, waste and recycling, and the entertainment industry. We provide best-in-class lifecycle support to our customers through our global parts and services organization, and offer complementary digital solutions, designed to help our customers maximize their return on their investment. Certain Terex products and solutions enable customers to reduce their impact on the environment including electric and hybrid offerings that deliver quiet and emission-free performance, products that support renewable energy, and products that aid in the recovery of useful materials from various types of waste. Our products are manufactured in North America, Europe, and Asia Pacific and sold worldwide. For more information, please visit www.terex.com.
Contact Information
Derek Everitt
VP Investor Relations
Email: InvestorRelations@Terex.com
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