ESAB: Leadership change

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On June 10, 2026, ESAB Corporation (the “Company” or “ESAB”) appointed Mitchell P. Rales as Executive Chair of the Board of Directors (“Executive Chair”), effective as of June 10, 2026, and granted performance-based stock option awards (the “Performance Option Awards”) to Mr. Rales, Shyam P. Kambeyanda, Chief Executive Officer, and other senior members of the management team. The Performance Option Awards are intended to secure the leadership and capabilities of Mr. Rales, Mr. Kambeyanda and other senior members of the management team so they can continue working together to execute on the Company’s next chapter of growth. The Board of Directors (the “Board”) believes that preserving this proven partnership is an important strategic priority for the Company and its stockholders. The design of the Performance Option Awards, including lengthy service vesting periods and rigorous stock price hurdle performance goals, demonstrates the Board’s belief that the sustained engagement of Mr. Rales, Mr. Kambeyanda and the senior management team will drive ESAB’s business transformation over the next six years and the achievement of long-term stockholder value. The Company’s recent acquisition of Eddyfi—a transformative step in the Company’s strategy to become a premier industrial compounder—demonstrated the value of their collaboration and the strength of the leadership team they have built together. Executive Chair of the Board As Executive Chair, Mr. Rales will remain Chairman of the Board and continue working with Mr. Kambeyanda on ESAB’s ongoing growth, building on the partnership they have established to continue the Comp