Form 8-K

8-K — TORO CO

Accession: 0001628280-26-062886

Filed: 2026-09-21

Period: 2026-09-21

CIK: 0000737758

SIC: 3524 (LAWN & GARDEN TRACTORS & HOME LAWN & GARDEN EQUIPMENT)

Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

Documents

8-K — ttc-20260921.htm (Primary)

EX-99.1 (humlpressrelease92126.htm)

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8-K

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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): September 21, 2026

THE TORO COMPANY

(Exact name of registrant as specified in its charter)

Delaware 1-8649 41-0580470

(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.)

8111 Lyndale Avenue South

Bloomington, Minnesota

55420

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (952) 888-8801

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:

☐ 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 class Trading Symbol(s) Name of each exchange on which registered

Common Stock, par value $0.01 per share TTC New York Stock Exchange

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

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.

On September 21, 2026, the Board of Directors (the “Board”) of The Toro Company (“TTC”) increased the number of directors constituting the Board from ten to eleven and elected David W. Huml to the Board and to the Audit Committee and Finance Committee of the Board, effective immediately, and serving in the class of directors with a term expiring at the 2027 annual meeting of stockholders of TTC.

In his capacity as a non-employee director, Mr. Huml will receive customary non-employee directors compensation pursuant to plans and policies applicable to non-employee members of the Board, as described in TTC’s definitive proxy statement for its most recent Annual Meeting of Stockholders held on March 17, 2026.

There are no arrangements or understandings between Mr. Huml and any other person pursuant to which he was selected as a director of TTC, and there have been no transactions since the beginning of TTC’s last fiscal year, or are currently proposed, regarding Mr. Huml that are required to be disclosed by Item 404(a) of Regulation S-K.

Attached to this Current Report on Form 8-K as Exhibit 99.1 is the press release announcing the election of Mr. Huml to the Board.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

Exhibit No. Description

99.1

Press release dated September 21, 2026 (furnished herewith).

104 Cover Page Interactive Data 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.

THE TORO COMPANY

(Registrant)

Date: September 21, 2026 /s/ Joanna M. Totsky

Joanna M. Totsky

Vice President, General Counsel and Corporate Secretary

EX-99.1

Filename: humlpressrelease92126.htm · Sequence: 2

Document

Investor Relations

Heather Hille

Vice President, Corporate Affairs and Investor Relations

(952) 887-8923, heather.hille@toro.com

Branden Happel

Senior Manager, Public Relations

(952) 887-8930, branden.happel@toro.com

For Immediate Release

The Toro Company Elects David Huml to Board of Directors

BLOOMINGTON, Minn. (September 21, 2026) – The Toro Company (NYSE: TTC), a leading global provider of solutions for the outdoor environment, today announced the election of David Huml, president and chief executive officer of Tennant Company (NYSE: TNC), to its Board of Directors, effective immediately.

“We are pleased to welcome Dave to The Toro Company’s Board of Directors,” said Richard Olson, chairman and chief executive officer of The Toro Company. “His broad leadership experience in global marketing, operations and product management, paired with his expertise in robotics and smart-connected technologies, will bring valuable perspective to our Board. We look forward to his contributions as we continue to advance our strategic vision and create long-term value for our customers and shareholders.”

Tennant is a global leader of solutions that helps create a cleaner, safer and healthier world. As president and chief executive officer, Huml also serves on its Board of Directors. Throughout his 12-year career at Tennant, he has served as chief operating officer, senior vice president for the APAC and EMEA businesses, and senior vice president of global marketing. Before joining Tennant, Huml held several executive leadership positions with Pentair plc, a leading manufacturer of water and fluid solutions, values and controls. Huml received a Bachelor of Arts in business management and marketing from Wittenberg University, and an MBA from the University of Minnesota – Carlson School of Management.

About The Toro Company

The Toro Company (NYSE: TTC) is a leading global provider of solutions for the outdoor environment including turf and landscape maintenance, snow and ice management, underground construction, rental and specialty construction, and irrigation and outdoor lighting solutions. With net sales of $4.5 billion in fiscal 2025, The Toro Company’s global presence extends to more than 125 countries through a family of brands that includes Toro, Ditch Witch, Exmark, BOSS, Ventrac, Tornado, HammerHead, American Augers, Spartan, Subsite, Radius, Hayter, Perrot, Unique Lighting Systems, Irritrol, and Lawn-Boy. Through constant innovation and caring relationships built on trust and integrity, The Toro Company and its family of brands have built a legacy of excellence by helping customers work on golf courses, sports fields, construction sites, public green spaces, commercial and residential properties and agricultural operations. For more information, visit www.thetorocompany.com.

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