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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): August 8, 2025
_______________________________
WOODWARD, INC.
(Exact name of registrant as specified in its charter)
_______________________________
| Delaware | 000-8408 | 36-1984010 |
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
1081 Woodward Way
Fort Collins, Colorado 80524
(Address of Principal Executive Offices) (Zip Code)
(970) 482-5811
(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:
| ☐ | 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:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock, par value $0.001455 | WWD | Nasdaq Global Select Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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. ☐
On August 8, 2025, Woodward, Inc. (the “Company”) determined, in connection with a succession planning process, that Terence J. Voskuil, Executive Vice President and President, Aerospace, will transition to the new role of Executive Vice President, Chief Technology Officer, Aerospace, effective as of October 1, 2025. Mr. Voskuil will continue to serve as Executive Vice President and President, Aerospace, through September 30, 2025, the end of the Company’s fiscal year. In his new role, Mr. Voskuil will continue to report to Charles P. Blankenship, Jr., the Company’s Chairman and Chief Executive Officer, leading the Aerospace technology roadmap. There will be no change to Mr. Voskuil’s compensation arrangements.
The Company also announced that Shawn McLevige has been appointed as Executive Vice President and President, Aerospace, effective as of October 1, 2025. In this role, Mr. McLevige will lead the Company’s Aerospace segment and will report directly to Mr. Blankenship.
A copy of the press release announcing these changes is being furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information contained in this Item 7.01, including Exhibit 99.1, shall be considered “furnished” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended, nor shall it be deemed incorporated by reference into any reports or filings with the Securities and Exchange Commission, whether made before or after the date hereof, except as expressly set forth by specific reference in such a filing.
(d) Exhibits
| 99.1 | Press Release of Woodward, Inc. dated August 12, 2025 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
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.
| Woodward, Inc. | ||
| Dated: August 12, 2025 | By: | /s/ Karrie M. Bem |
| Karrie M. Bem | ||
| Executive Vice President, General Counsel, Corporate Secretary, and Chief Compliance Officer |
||
EXHIBIT 99.1
Shawn McLevige Appointed as President of Woodward’s Aerospace Segment
FORT COLLINS, Colo., Aug. 12, 2025 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ: WWD), a global leader in energy controls for aerospace and industrial markets, today announced key leadership changes aligned with the company’s continued focus on growth, innovation, and operational excellence. These changes will take effect on October 1, 2025.
Shawn McLevige has been appointed President of Woodward’s Aerospace Segment. In this role, Shawn will report directly to Chip Blankenship, Chairman and CEO, as a member of the company’s Executive Leadership Team.
Shawn first joined Woodward in 2008 as program manager. Since then, he has moved into key leadership roles, most recently serving as Vice President and General Manager of Engine and Turbine Fluid Systems for the Industrial segment. Prior to that, he was Vice President and General Manager of the Aerospace Fuel Systems & Controls business. His previous roles at the company also included Vice President of Research and Development and Director of Operations.
Before joining Woodward, Shawn spent seven years at Honeywell as a systems engineer in aerospace. He holds bachelor’s and master’s degrees in mechanical engineering from the University of Illinois and an MBA with a Systems Engineering Certification from Arizona State University.
Terry Voskuil, who has served as President of the Aerospace segment since October 2023, will transition to the new role of Chief Technology Officer for Aerospace. Terry brings highly distinguished experience to the CTO role, with a Woodward career that spans more than 36 years. He joined the company in 1989 as a production engineer, moving into various engineering, P&L, and business unit leadership roles before taking on his latest role as leader of the Aerospace segment. His work was instrumental to the success of Woodward’s LEAP and GTF programs, as well as expansion of the company’s aerospace services and automation strategies. Terry holds a bachelor’s degree in mechanical engineering from the University of Wisconsin–Platteville. As CTO, he will lead the Aerospace technology roadmap and continue to report to Chip as a member of Woodward’s Executive Leadership Team.
In addition to these changes, Alison Seward has been appointed Vice President and General Manager of Engine and Turbine Fluid Systems for the Industrial segment. Alison joined Woodward in 2024 as Vice President of Quality for the Industrial segment, where she has been responsible for leading strategic quality initiatives and global systems implementation, in addition to driving critical initiatives for automation and product management. Prior to joining Woodward, she spent 23 years at GE Appliances, a Haier company, where she most recently served as Executive Director of Manufacturing Quality. She has a bachelor’s degree in mechanical engineering from the University of Louisville. Alison will continue to report directly to Randy Hobbs, President of the Industrial segment.
“These leadership changes reflect the accomplishments of key talent within Woodward and our continued commitment to creating shareholder value as we serve ongoing robust customer demand across our markets,” said Chip Blankenship, Chairman and CEO of Woodward. “Shawn is well prepared to lead our Aerospace segment as Terry transitions to his new CTO role, and we enter our next phase of growth. Shawn is a talented leader with deep technical, commercial, and operations expertise in Aerospace and an impressive track record of success in transformative change, strategic planning, and execution across both our Aerospace and Industrial businesses. I’m looking forward to having him join the Executive Leadership Team.”
About Woodward, Inc.
Woodward is the global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Our purpose is to design and deliver energy control solutions our partners count on to power a clean future. Our innovative fluid, combustion, electrical, propulsion and motion control systems perform in some of the world’s harshest environments. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com.
Notice Regarding Forward-Looking Statements
Statements in this release contain forward-looking statements that involve risks and uncertainties, including the anticipated leadership changes in our Aerospace and Industrial segments, the effectiveness of our leadership during the transition period, and statements regarding our business and expectations related to it. Actual results could differ materially from projections or any other forward-looking statements, and we have no obligation to update our forward-looking statements, except as required by law. Factors that could affect performance and could cause actual results to differ materially from projections and forward-looking statements are described in Woodward's Annual Report on Form 10-K for the year ended September 30, 2024, and subsequently filed Quarterly Reports on Form 10-Q.
Media contact:
Jennifer Regina
Jennifer.regina@woodward.com
+1 970 559 8840
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/26ba4ff9-2cb7-4384-a585-a23cf386cd8e