Company: MWA
Filing Date: 2025-08-15
Form Type: 8-K
Source: 0001350593-25-000046
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Company: Mueller Water Products, Inc.
Filing Date: 2025-08-15
Form: 8-K
Item: Item 5.02
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 15, 2025, the Board of Directors (“ Board”) of Mueller Water Products, Inc. (the “ Company”) appointed Richelle R. Feyerherm as the Company’s Chief Accounting Officer, effective August 15, 2025. Ms. Feyerherm will also serve as the Company’s principal accounting officer. Ms. Feyerherm replaces Suzanne G. Smith, who stepped down from her role as Chief Accounting Officer on August 15, 2025. Ms. Smith’s departure is not a result of any disagreement with the Company on any matter relating to the Company’s financial reporting, accounting policies, procedures, estimates, or judgments or internal controls.

Ms. Feyerherm has served as the Company’s Vice President, Operations Controller since November 2019. Prior to joining the Company, Ms. Feyerherm served as a financial officer of the Water Products division of Lonza Group, Ltd. from October 2011 to February 2019. Ms. Feyerherm is a certified public accountant and earned her Bachelor of Science degree from the State University of New York.

In connection with her appointment as Chief Accounting Officer, the Board granted Ms. Feyerherm a one-time award of restricted stock units (the “ RSUs”) with a fair market value of $300,000. The RSUs will vest in three equal installments on the first, second and third anniversaries of the grant date, subject to Ms. Feyerherm’s continued employment with the Company. As Chief Accounting Officer, Ms. Feyerherm will be entitled to a base salary of $325,000 per year, a target annual bonus opportunity equal to 35% of her base salary and a target annual long-term incentive opportunity equal to 40% of her base salary.

There are no arrangements or understandings between Ms. Feyerherm and any other persons pursuant to which she was appointed as the Company’s Chief Accounting Officer. There is no family relationship between Ms. Feyerherm and any director, executive officer, or person nominated or chosen by the Company to become a director or executive officer of the Company. There are no transactions between Ms. Feyerherm and the Company that would require disclosure under Item 404(a) of Regulation S-K.

In order to ensure a smooth transition,