AAON, INC. 8-K

What Happened
AAON, Inc. filed an 8-K on April 2, 2026 announcing a transition in its finance leadership. Andy Cheung, age 51, will join AAON as Executive Vice President and Chief Financial Officer effective April 20, 2026. Rebecca Thompson, the current Executive Vice President and CFO, will transition to AAON Chief Accounting Officer on the same date. The filing describes Mr. Cheung’s background (most recently EVP & CFO of a publicly traded manufacturing company for three years, over 25 years in HVAC and automotive finance leadership) and education (BBA in Accounting from Hong Kong University of Science & Technology, MBA from the University of Chicago) and notes he is a Certified Public Accountant.

Key Details

• Effective date: Andy Cheung starts April 20, 2026; filing dated April 2, 2026.
• Compensation disclosed for Mr. Cheung: annual base salary $525,000; 2026 target annual incentive $341,250; 2026 target long-term incentive $787,500.
• One-time awards: equity grant valued at $1,500,000 and a one-time cash award of $300,000 (cash award must be repaid if he leaves within 18 months).
• No family relationships or related-party transactions reported between Mr. Cheung and AAON’s directors or officers.

Why It Matters
A CFO change is a material leadership shift that can affect financial strategy, reporting, and investor confidence. The filing provides clear details on timing and compensation, which helps investors assess the cost and incentives tied to the new CFO. Rebecca Thompson’s move to Chief Accounting Officer preserves continuity in accounting oversight while bringing in new finance leadership with industry experience.