CELESTICA INC 8-K filed 2026-09-11

Celestica Inc. (ticker CLS), a Large accelerated filer listed on the NYSE with a business address in Toronto, Ontario, Canada, filed this 8-K on 2026-09-11 under Item 5.02, which covers officer departures, appointments and compensatory arrangements. The company disclosed that Mandeep Chawla, its Chief Financial Officer since 2017, will move to a newly created role of Group President, Global Markets, and that Todd Ankenmann will become Chief Financial Officer. Both changes take effect October 1, 2026. The attached press release, Exhibit 99.1, says Chawla will oversee the company's overarching commercial execution and global market expansion. The filing sets new pay for both executives. Chawla's salary will be increased to $750,000, his target incentive under the Celestica Team Incentive Plan will be increased to 120%, and he will receive an equity award with a grant date target value of $1,700,000, composed of 40% restricted share units and 60% performance share units. Ankenmann's salary will be increased to $600,000, his target incentive will be increased to 80%, and his equity award carries a grant date target value of $1,450,000 on the same 40% RSU and 60% PSU split. Their prior salaries and incentive levels, the vesting schedules, and the performance conditions attached to the PSUs are not in the filing. The incoming CFO is an internal appointment. Ankenmann, age 50, joined the company in 2018 and has served as Senior Vice President, Finance since 2025, after over a decade in senior finance roles at General Electric. Chairman and Chief Executive Officer Rob Mionis is quoted saying Celestica "is experiencing unprecedented growth" and presenting the changes as a way to scale effectively, but financial results or guidance supporting that statement are not in the filing. The company states that neither executive has a family relationship with any director or executive officer or an interest in a related person transaction requiring disclosure under Item 404(a) of Regulation S-K.