A maker of manual and autonomous floor cleaning equipment, Tennant designs, manufactures, and services machines for industrial and commercial spaces like warehouses, hospitals, and schools, selling under brands including Tennant, Nobles, IPC, Gaomei, and Rongen. The company also offers detergent-free cleaning technologies and aftermarket parts, reaching tens of thousands of customers through its own sales and service network plus distributors in more than 100 countries.
Tennant CFO Fay West to retire after successor hired, no earlier than April 2, 2027
On July 27, 2026, Fay West, Senior Vice President and Chief Financial Officer of Tennant Company, gave notice of her intention to retire.
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Her retirement will occur after a successor is hired and an appropriate transition period, expected in Q2 2027 but no earlier than April 2, 2027.
The company is commencing a search for a successor CFO and aims to name a replacement by the first quarter of 2027.
West joined Tennant in 2021 and contributed to the enterprise growth strategy, global finance oversight, capital allocation framework, M&A strategy, and investor engagement.
The announcement was made via a news release dated July 30, 2026, filed as Exhibit 99 to the 8-K.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Tennant Company appoints Richard H. Zay as Chief Operating Officer, effective July 1, 2026.
Zay currently serves as Senior Vice President, Chief Commercial Officer, a role he has held since March 2021.
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Richard H. (Rusty) Zay, age 55, was appointed Chief Operating Officer, effective July 1, 2026.
He joined Tennant in June 2010 and has held multiple leadership roles including Vice President, Global Marketing and Senior Vice President of the Americas business unit.
The Compensation Committee approved incremental equity awards totaling $400,000, split 50% restricted stock units and 50% performance-based restricted stock units, to be granted when the quarterly trading window opens.
A press release announcing the appointment was attached as Exhibit 99.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Tennant Company reports Q1 2026 net sales of $297.9 million, up 2.7% year over year
Net income was $0.2 million, down 98.5% from $13.1 million in Q1 2025; diluted EPS was $0.01, down from $0.69.
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Net sales for the quarter ended March 31, 2026 were $297.9 million, a 2.7% increase from $290.0 million in the prior-year period.
Adjusted EBITDA was $29.1 million, down 29.0% from $41.0 million; adjusted EBITDA margin was 9.8%, down 430 basis points.
Orders increased 10% year over year to $327 million, reflecting strong end-market demand.
The company reaffirmed full-year 2026 guidance: net sales of $1,240-$1,280 million, adjusted diluted EPS of $4.70-$5.30, and adjusted EBITDA of $175-$190 million.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Tennant Company shareholders elect three Class I directors, ratify Deloitte & Touche, and approve executive compensation at 2026 Annual Meeting.
At the 2026 Annual Meeting held April 29, 2026, shareholders elected Carol S. Eicher, Maria C. Green, and Donal L. Mulligan as Class I directors for three-year terms expiring in 2029.
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The appointment of Deloitte & Touche LLP as independent registered public accounting firm for the year ending December 31, 2026 was ratified with 16,681,022 votes for, 58,314 against, and 18,247 abstentions.
Advisory approval of executive compensation was received with 15,745,471 votes for, 291,577 against, and 29,501 abstentions.
A total of 16,757,583 shares (93.05% of 18,007,425 shares entitled to vote) were represented at the meeting.
The report was filed under Item 5.07 to disclose the results of shareholder votes on these matters.
5.07 Submission of Matters to a Vote of Security Holders
Tennant Company SVP and Chief Transformation Officer Barb Balinski to retire on September 3, 2026
The company filed this Form 8-K on February 27, 2026, to report the departure under Item 5.02.
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Barb Balinski, age 62, Senior Vice President and Chief Transformation Officer of Tennant Company, gave notice of her intention to retire on February 26, 2026.
Her retirement is effective September 3, 2026.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Tennant Company reports Q4 2025 net loss of $4.4M, full-year net income of $43.8M, and issues 2026 guidance.
Fourth quarter 2025 net sales were $291.6 million, down 11.3% year-over-year, with a net loss of $4.4 million and diluted EPS of $(0.23).
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Full year 2025 net sales were $1,203.5 million, down 6.5% year-over-year, with net income of $43.8 million and diluted EPS of $2.36.
Adjusted diluted EPS was $0.48 for Q4 2025 and $4.57 for full year 2025, down 68.4% and 30.4% respectively.
The ERP implementation in North America disrupted operations, with an estimated $30 million impact on Q4 net sales and $22 million on Q4 adjusted EBITDA.
For 2026, the company guides net sales of $1,240-$1,280 million, adjusted diluted EPS of $4.70-$5.30, and adjusted EBITDA of $175-$190 million.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Tennant Company appoints two new directors and enters cooperation agreement with Vision One Fund
Patrick E. Allen was appointed to the Board as a Class II director, effective February 12, 2026, and will serve on the Executive and Audit Committees.
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Tennant Company entered into a cooperation agreement with Vision One Fund, LP and affiliates on February 12, 2026.
James T. Glerum, Jr. was appointed to the Board as a Class III director, effective February 12, 2026, and will serve on the Executive and Audit Committees.
The Board will expand to 11 directors, 10 of whom are independent, and the Company agreed not to increase the Board beyond 11 until the 2027 annual meeting.
Tennant will propose a bylaw amendment to declassify the Board and elect all directors annually, with a vote at the 2027 annual meeting.
1.01 Entry into a Material Definitive Agreement · 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits