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 UNITED STATES
 SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 
FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported)  March 14, 2025
 
TRIMAS CORPORATION
(Exact name of registrant as specified in its charter)
 
Delaware 001-10716 38-2687639
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)

38505 Woodward Avenue, Suite 200,Bloomfield Hills, 48304
Michigan
(Address of principal executive offices) (Zip Code)
 
Registrant’s telephone number, including area code (248) 631-5450
 
Not Applicable
(Former name or former address, if changed since last report.)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading symbol(s)Name of exchange on which registered
Common stock, $0.01 par valueTRSThe NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company
☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation of Chief Financial Officer

On March 14, 2025, Scott A. Mell tendered his resignation as the Chief Financial Officer and as an employee of TriMas Corporation (the “Company”), effective March 20, 2025 (the “Effective Date”). Mr. Mell’s decision to leave the Company is not related to any accounting or financial issue or any disagreement with the Company on any matter relating to the Company's operations, policies, practices, or otherwise.

Appointment of Interim Chief Financial Officer

On March 19, 2025, the Board of Directors of the Company (the “Board”) appointed Teresa M. Finley, a member of the Board, as the Company’s Interim Chief Financial Officer (“Interim CFO”), effective as of the Effective Date. Ms. Finley will serve as the Company’s principal financial officer and principal accounting officer. In connection with her appointment as Interim CFO, Ms. Finley will continue to serve as a member of the Board, but will step down as a member of the Board’s Audit Committee and Compensation Committee as of the Effective Date.

Ms. Finley, age 63, has served as a member of the Board since 2020. Ms. Finley brings strong financial expertise. While employed by United Parcel Service, Inc. (“UPS”) she served as Chief Financial Officer for multiple global businesses, Corporate Controller and Treasurer, and Vice President of Investor Relations from 2007 through 2015. In Ms. Finley’s most recent position, she served as the Chief Marketing and Business Services Officer (“CMO”), and member of the executive leadership team for UPS until her retirement in 2017. As CMO, she was responsible for the advancement of global marketing capabilities, growth strategies, product innovation, pricing, communications and brand management. Also, Ms. Finley served as a Senior Advisor with the Boston Consulting Group from June 2019 to November 2021, where she provided transportation and logistics expertise. Ms. Finley is a qualified financial expert and brings more than 34 years of experience in financial, marketing and strategy leadership roles at a Fortune 50 company. Ms. Finley currently serves as a director for Union Pacific Corporation. Ms. Finley previously served as a director for AssuranceAmerica and Pilot Freight Services.

In connection with Ms. Finley’s service as Interim CFO, Ms. Finley will receive the following executive compensation: (1) base salary at a rate of $50,000 per month; (2) a discretionary cash payment (from $0 to $125,000) earned based on the Board’s holistic assessment of her performance as Interim CFO through the end of her first six months of service as Interim CFO or (if earlier) the appointment of a successor Company Chief Financial Officer (such period, the “Six-Month Interim Service”); (3) a grant of $500,000 in time-based restricted stock units (“RSUs”) that in general will vest one year from the date of grant (subject to the alternative vesting terms provided for in the RSU award agreement); and (4) eligibility to participate in the Company’s standard health and welfare benefits programs, on terms substantially the same as those for other executive officers of the Company. Except for continuing to vest in RSUs previously granted to her for her service as a director according to their original terms, Ms. Finley will not receive any additional compensation for her service on the Board while she is acting as Interim CFO.

Retirement of Director

On March 19, 2025, Jeffrey M. Greene informed the Board that he will not stand for re-election as a director at the Company’s Annual Meeting of Shareholders expected to be held on or around May 14, 2025. Mr. Greene’s decision to not stand for re-election is not related to any disagreement with the Company on any matter relating to the Company's operations, policies or practices.

Item 7.01. Regulation FD Disclosure.
On March 20, 2025, the Company issued a press release announcing the resignation of Mr. Mell as Chief Financial Officer and the appointment of Ms. Finley as Interim CFO. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
The information in this Item 7.01 on Form 8-K (including Exhibit 99.1) is being furnished and shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise be subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.



Item 9.01 Financial Statements and Exhibits.

(d)    Exhibits. The following exhibits are filed herewith:
Exhibit No.Description
99.1
104Cover Page Interactive File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

TRIMAS CORPORATION
Date:March 20, 2025By:/s/ Jodi F. Robin
Name:Jodi F. Robin
Title:General Counsel and Secretary






trimas_logoxpantone-workivaa.jpg
TRIMAS ANNOUNCES INTERIM CHIEF FINANCIAL OFFICER
BLOOMFIELD HILLS, Michigan, March 20, 2025 – TriMas (NASDAQ: TRS) today announced that Scott Mell, its Chief Financial Officer (CFO), will be leaving the Company effective March 20, 2025, to pursue another opportunity. In light of this transition, Teresa Finley, a current TriMas Board member, has been appointed interim CFO.
“As a valued member of our Board since 2020, Teresa brings extensive financial expertise, operational knowledge and steadfast leadership, and is well-suited to step into this interim role,” said Herbert Parker, TriMas’ Board Chairman. “Her appointment will help ensure continuity in the Company’s strategic momentum, drive improvement in our financial operations and accelerate our focus on delivering enhanced shareholder value."
Ms. Finley is a qualified financial expert and brings more than 34 years of experience in financial, marketing and strategic leadership roles at a Fortune 50 company. In addition to serving as Chief Marketing and Business Services Officer at UPS from 2015 until her retirement in 2017, Ms. Finley's prior roles at UPS included CFO for multiple global businesses, Corporate Controller and Treasurer, and Vice President of Investor Relations. Ms. Finley’s experience also includes serving as a Senior Advisor at the Boston Consulting Group from June 2019 to November 2021, as well as her current role on the Union Pacific Railroad Board.
In addition to her role as interim CFO, Ms. Finley will be appointed TriMas’ Treasurer. Concurrently, she will step down as the Chair of the Board’s Compensation Committee and member of the Audit Committee.
“We extend our thanks to Scott for the contributions he has made during his tenure at TriMas and wish him well in his next endeavor,” added Mr. Parker. “TriMas is off to a solid start to the year, and we are reaffirming our full-year guidance.”
About TriMas
TriMas manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its TriMas Packaging, TriMas Aerospace and Specialty Products groups. Our approximately 3,900 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. Our TriMas family of businesses has strong brand names in the markets served, and operates under a common set of values and strategic priorities under the TriMas Business Model. TriMas is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit www.trimas.com.
Notice Regarding Forward-Looking Statements
Any "forward-looking" statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, contained herein, including those relating to TriMas’ business, financial condition or future results, involve risks and uncertainties with respect to, including, but not limited to: general economic and currency conditions; competitive factors; market demand; our ability to realize our business strategies; our ability to identify attractive acquisition candidates, successfully integrate acquired operations or realize the intended benefits of such acquisitions; pressures on our supply chain, including availability of raw materials and inflationary pressures on raw material and energy costs, and customers; the performance of our subcontractors and suppliers; risks and uncertainties associated with intangible assets, including goodwill or other intangible asset impairment charges; risks associated with a concentrated customer base; information



technology and other cyber-related risks; risks related to our international operations, including, but not limited to, risks relating to tensions between the United States and China; government and regulatory actions, including, without limitation, climate change legislation and other environmental regulations, as well as the impact of tariffs, quotas and surcharges; changes to fiscal and tax policies; intellectual property factors; uncertainties associated with our ability to meet customers’ and suppliers’ sustainability goals and achieve our sustainability goals in alignment with our own announced targets; litigation; contingent liabilities relating to acquisition activities; interest rate volatility; our leverage; liabilities imposed by our debt instruments; labor disputes and shortages; the disruption of operations from catastrophic or extraordinary events, including, but not limited to, natural disasters, geopolitical conflicts and public health crises, the amount and timing of future dividends and/or share repurchases, which remain subject to Board approval and depend on market and other conditions; our future prospects; and other risks that are detailed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024. The risks described are not the only risks facing our Company. Additional risks and uncertainties not currently known to us or that we currently deemed to be immaterial also may materially adversely affect our business, financial position and results of operations or cash flows. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements, except as required by law.
Contact
Sherry Lauderback
VP, Investor Relations & Communications
(248) 631-5506
sherry.lauderback@trimas.com    


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Cover
Mar. 14, 2025
Cover [Abstract]  
Document Type 8-K
Document Period End Date Mar. 14, 2025
Entity Registrant Name TRIMAS CORPORATION
Entity Incorporation, State or Country Code DE
Entity File Number 001-10716
Entity Tax Identification Number 38-2687639
Entity Address, Address Line One 38505 Woodward Avenue,
Entity Address, Address Line Two Suite 200,
Entity Address, City or Town Bloomfield Hills,
Entity Address, Postal Zip Code 48304
Entity Address, State or Province MI
City Area Code 248
Local Phone Number 631-5450
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Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common stock, $0.01 par value
Trading Symbol TRS
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
Amendment Flag false
Entity Central Index Key 0000842633
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