APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT): director Michael L. Olosky elected to the board

Events in this filing

Item 5.02 as filed

ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On October 20, 2026, Michael L. Olosky, age 58, was elected to the Board of Directors of Applied Industrial Technologies, Inc. (“Applied”), with a term expiring in October 2028. He has been appointed to the Corporate Governance & Sustainability and Executive Organization & Compensation Committees of the Board of Directors.
Mr. Olosky has served as Chief Executive Officer of Simpson Manufacturing Co., Inc. (“Simpson”) (NYSE: SSD), an industry leader in engineered structural connectors and building solutions, since January 2023. From November 2020 until December 2022, Mr. Olosky served as Simpson's Chief Operating Officer. Prior to joining Simpson, Mr. Olosky spent more than 22 years in numerous leadership positions at Henkel, a global chemical and consumer goods company. He most recently served as the Regional President, Henkel North America and Head of the Electronics and Industrial Division.
As a non-employee director, Mr. Olosky will receive compensation in the same manner as Applied’s other non-employee directors, which compensation Applied previously disclosed in its Proxy Statement for Applied’s 2026 Annual Meeting of Shareholders, filed with the Securities and Exchange Commission on September 10, 2026. In addition, Mr. Olosky will enter into an Indemnification Agreement with Applied, the form of which is filed as Exhibit 10.4 to Applied’s Annual Report on Form 10-K for the fiscal year ended June 30, 2026.