Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 29, 2020, Graco Inc. (the "Company") announced the following change to
its principal accounting officer designation effective August 1, 2020.
Kathryn L. Schoenrock, 43, will become Executive Vice President, Corporate
Controller, and will serve as the Company's principal accounting officer. Ms.
Schoenrock joined the Company in 2012 and has served as Director of Corporate
Finance since December 2018. She served as Director of Financial Reporting from
August 2012 to December 2018, working closely with the Company's corporate
reporting, operational accounting and global finance teams. Prior to joining the
Company, Ms. Schoenrock served as a Senior Manager in the audit practice of
Deloitte & Touche LLP from 2008 to 2012, and held various positions in the audit
practice of Deloitte & Touche LLP from 2002 to 2008 and in the audit practice of
Arthur Andersen LLP from 2000 to 2002. Ms. Schoenrock is a certified public
accountant and holds a Bachelor of Business Administration in Accounting and a
Master of Professional Accountancy from the University of South Dakota. In
connection with Ms. Schoenrock's appointment, she will be offered the Company's
standard form of Key Employee Agreement.
Caroline M. Chambers will become President, EMEA, and Executive Vice President,
Information Systems. Ms. Chambers joined the Company in 1992 and has served as
Executive Vice President, Corporate Controller and Information Systems since
2018, and has served as the Company's principal accounting officer since
September 2007. Ms. Chambers will cease performing the duties of principal
accounting officer for the Company in connection with her new assignment.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release dated July 29, 2020.
104 Cover Page Interactive Data File (included within the Inline XBRL
document).
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