ARMSTRONG WORLD INDUSTRIES INC 8-K

What Happened
Armstrong World Industries (AWI) filed an 8-K reporting a Board-approved leadership transition on January 13, 2026, effective April 1, 2026. Victor D. Grizzle will move from President & CEO to Executive Chair; Mark A. Hershey, currently SVP & COO, will succeed Grizzle as President & CEO and join the Board. The Board will expand to nine members with Hershey’s addition. The company issued a press release on January 14, 2026 announcing these changes.

Key Details

• Effective April 1, 2026: Mark A. Hershey named President & CEO; Victor D. Grizzle becomes Executive Chair.
• Board/timing: Hershey’s initial director term expires at the Annual Shareholders’ Meeting on June 11, 2026; Grizzle is expected to remain Executive Chair through Dec 31, 2026, then resign as a director. Roy W. Templin will become lead independent director and is expected to be reappointed Chair on Jan 1, 2027.
• Compensation changes (effective April 1, 2026): Hershey’s base salary raised to $850,000; annual incentive target to 105% of base; equity/cash incentive target to 388% of base. Grizzle’s salary lowered to $700,000; annual incentive target to 100% of base; equity/cash incentive target to 386% of base.
• Governance note: As non-independent directors, neither Hershey nor Grizzle will receive separate director fees.

Why It Matters
This filing documents a planned CEO succession and related changes to board composition and executive pay—material items for investors tracking management continuity, governance, and executive compensation expense. The effective dates and disclosed compensation targets provide concrete timelines and dollar/percentage figures investors can use when assessing leadership stability and potential near-term changes in executive-related costs.