SPX Technologies Appoints Brian Deck to Board of Directors and Committee Positions

Board Election and Committee Assignments for New Director

SPX Technologies' Board of Directors elected Brian Deck as a director on July 24, 2026, with the election becoming effective on July 27, 2026. The appointment follows a formal board decision and represents a change in the composition of the company's leadership structure. Along with his election to the board, Deck received immediate committee assignments designed to leverage his expertise in key governance areas.

The two committees to which Deck was appointed—the Audit Committee and the Governance & Sustainability Committee—represent core oversight functions within SPX Technologies' governance framework. The Audit Committee typically oversees financial reporting, internal controls, and audit matters, while the Governance & Sustainability Committee addresses board composition, corporate governance policies, and sustainability initiatives. These assignments indicate the board's confidence in Deck's ability to contribute to strategic oversight and compliance responsibilities.

Compensation Structure for Non-Employee Director Service

As a non-employee director, Deck will receive compensation consisting of both cash and equity components. The cash portion of his director compensation is set at an annual retainer of $100,000. This retainer is pro-rated based on his period of service beginning from his effective date of election to the board through the company's 2027 Annual Meeting of Stockholders, meaning he will receive a proportional amount rather than the full annual figure if his service period does not cover the entire fiscal year.

The equity component of Deck's compensation consists of time-vested restricted stock units with a grant date value of $150,000 on an annual basis. These restricted stock units are also pro-rated for his service period and vest on the day before the company's 2027 Annual Meeting of Stockholders, contingent upon his continued service on the board through that date. The combination of cash and equity compensation aligns director interests with shareholder value over the defined service period.

Annual Director Compensation Framework at SPX Technologies

SPX Technologies has established a structured compensation program for its non-employee directors that balances cash remuneration with long-term equity incentives. The total annual compensation opportunity for a full-year director service period totals $250,000 in combined cash and equity grant value. This structure reflects industry practices for public company board service and is designed to attract qualified directors while maintaining alignment with shareholder interests.

The use of time-vested restricted stock units as the equity component of director compensation ties director compensation to company performance and share price over the vesting period. By vesting immediately before the 2027 Annual Meeting of Stockholders, the restricted stock unit grants create a natural synchronization with the board's annual evaluation cycle and stockholder engagement calendar. This approach ensures that directors have ongoing financial interest in the company's performance and strategic direction.

Effective Date and Transition Details

Deck's election to the Board of Directors became effective on July 27, 2026, three days after the Board's formal election decision on July 24, 2026. His committee appointments also took effect on the same date, July 27, 2026. This timing allowed for coordination with the company's governance records and enabled Deck to begin his service immediately upon the effective date.

The compensation arrangements for Deck are calculated from July 27, 2026, through the company's 2027 Annual Meeting of Stockholders. This pro-ration structure is consistent with standard corporate governance practices when directors join mid-year and reflects the company's commitment to fair allocation of compensation based on actual service rendered. The announcement of these changes was formalized in a press release issued on July 27, 2026.

Board Governance and Committee Structure

The addition of Deck to the Board of Directors and his assignment to two key committees reflects SPX Technologies' attention to board composition and committee expertise. The Audit Committee plays a critical role in overseeing financial reporting quality, internal control effectiveness, and relationships with external auditors. The Governance & Sustainability Committee addresses broader corporate governance matters, including board effectiveness, director nominations, and the company's approach to environmental, social, and governance issues.

These committee assignments suggest that the board sought to add expertise that would strengthen oversight in financial accountability and corporate governance areas. The fact that Deck was appointed to both committees upon joining the board indicates the board's confidence in his capability to engage meaningfully with complex governance and audit matters from the outset of his tenure.

SPX Technologies' Corporate Structure and Location

SPX Technologies, Inc. is incorporated in Delaware and trades on the New York Stock Exchange under the ticker symbol SPXC. The company is headquartered in Charlotte, North Carolina, at 6325 Ardrey Kell Road, Suite 400. The company's principal executive offices maintain telephone contact at (980) 474-3700. SPX Technologies' Delaware incorporation follows the corporate structure preferences of many large U.S. publicly traded companies.

The company's New York Stock Exchange listing subjects it to exchange listing standards and SEC regulatory requirements governing public company disclosure and governance. SPX Technologies is not classified as an emerging growth company, meaning it must comply with all standard SEC reporting requirements and accounting standards applicable to large accelerated filers without extended transition provisions.

Filing and Disclosure Documentation

The company submitted a formal current report on Form 8-K to the Securities and Exchange Commission on July 27, 2026, disclosing the board election and committee appointment information. This filing type is used to announce material events or changes in corporate affairs that require prompt disclosure to investors. The filing was signed by Daniel J. Whitman, Vice President, General Counsel and Secretary of SPX Technologies, Inc., on behalf of the company.

A press release announcing the election of Brian Deck to the Board of Directors was issued on July 27, 2026, and filed as an exhibit to the current report. This press release provided public notice of the board appointment to investors, analysts, and other market participants. The timing of the filing and press release ensured simultaneous disclosure through official SEC channels and direct company communication channels.

Regulatory Framework for Director Elections

Director elections and appointments at SPX Technologies are governed by the company's bylaws, Delaware corporate law, and the listing standards of the New York Stock Exchange. The board's authority to elect directors and appoint committee members derives from the company's charter and bylaws, which delegate such authority to the Board of Directors. The compensation arrangements for non-employee directors are established through board resolution and are designed to comply with SEC disclosure requirements and exchange listing standards.

The disclosure of director compensation in the current report filing ensures transparency regarding the financial and equity benefits provided to board members. This transparency is fundamental to SEC regulation of public company disclosure and allows investors to evaluate the cost and structure of corporate governance at SPX Technologies. The pro-ration methodology applied to Deck's compensation reflects established practices for mid-year director appointments and ensures proportional compensation alignment.