8-K

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
	October 6, 2020
Date of Report (Date of earliest event reported)

RAVEN INDUSTRIES, INC.

(Exact name of registrant as specified in its charter)

SD	001-07982		46-0246171
(State or other jurisdiction of incorporation)	(Commission File Number)		(IRS Employer Identification No.)
205 East 6th Street, P.O. Box 5107	Sioux Falls,	SD	57117-5107
(Address of principal executive offices)			(Zip Code)

(605) 336-2750

(Registrant's telephone number including area code)

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	Name of each exchange on which registered
Common Stock, $1 par value	RAVN		Nasdaq	Global Select Market

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.      o

Item 5.02. Departure of Directors or Certain Officers, Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On October 6, 2020, Raven Industries, Inc. (the "Company") announced it is making key leadership changes. Steven Brazones, current Chief Financial Officer, will become Vice President for Applied Technology. Brian Meyer, current Vice President of Applied Technology, will become Vice President for Engineered Films. Anthony Schmidt, current Vice President for Engineered Films, will no longer be serving in that role but will transition to a different role within the Company. The Company will begin its search for a successor CFO immediately. All leadership changes will be effective no later than February 1, 2021, the start of the Company's next fiscal year.

A copy of the press release announcing the leadership changes is attached hereto as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits

Exhibit No.	Description
99.1	Raven Industries, Inc. press release dated October 6 2020
104	Cover page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

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 thereunto duly authorized.

RAVEN INDUSTRIES, INC.

/s/ Lee A. Magnuson

Lee A. Magnuson

General Counsel & Vice President, Corporate Secretary

Dated: October 8, 2020

EX-99.1

Exhibit 99.1

RAVEN ANNOUNCES LEADERSHIP CHANGES

TO ACCELERATE EXECUTION OF COMPANY'S GROWTH

STRATEGY

LEADERSHIP STRUCTURE TO ENHANCE STRATEGIC CONTINUITY AND EXECUTION

Sioux Falls, S.D. (October 6, 2020) — Raven Industries, Inc. (the Company; NASDAQ:RAVN)announced today it is making key leadership changes as part of the Company’s continued strategy to drive greater growth and to further position the Company for long-term success.

Last year, the Company launched a bold expansion of its strategy by significantly increasing its investments in targeted areas, including Raven Autonomy™and Raven Composites™. The Company has been executing on this bold plan for nearly a year with much success, despite the backdrop of a pandemic crisis.

“I’ve never been more confident about our current and future position within our selected markets,” said Raven President & CEO Dan Rykhus. “We have the right technology, the right resources, and the right talent.”

He went on to say, “We are reorganizing senior executives because our future is strong, and we believe we are at the start of a significant growth trajectory for our organization. By making these changes, we are placing ourselves in the best position to execute and capitalize on the opportunities before us.”

Raven announced the following changes to the executive leadership team:

◦Steven Brazones, current Chief Financial Officer, will become Vice President forApplied Technology. In his tenure at Raven, Brazones has successfully led several strategic undertakings — including the acquisitions of Smart Ag® and DOT® Technology, strategic partnership building and enterprise strategic planning — which are key elements of Applied Technology’s growth strategy. “Steven is the ideal senior executive to lead Applied Technology and our significant growth plans for Raven Autonomy,” added Rykhus.

◦Brian Meyer, current Vice President of Applied Technology, will become Vice President forEngineered Films. Meyer began leading Applied Technology in 2015 when the Ag market was in a sharp downturn. During his time, Meyer improved quality, streamlined manufacturing and enhanced customer service and relationship building with key customers. Under his leadership, Applied Technology grew revenue over the past five years by $40M. “Brian is steadfast in his approach to drive optimal results, despite any unchangeable external factors. It’s this same execution and passion that he’ll bring to Engineered Films and the execution of its strategic plan,” concluded Rykhus.

The Company will begin its search for a new CFO immediately. All leadership changes will be effective February 1, 2021, the start of the company’s fiscal year.

About Raven Industries, Inc.:

Raven Industries (NASDAQ: RAVN) is dedicated to providing innovative, high-value products and solutions that solve great challenges throughout the world. Raven is a leader in precision agriculture, high-performance specialty films, and aerospace and defense solutions. Since 1956, Raven has designed,

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produced, and delivered exceptional solutions, earning The company a reputation for innovation, product quality, high performance, and unmatched service. For more information, visit http://ravenind.com.

Contact Information:

Lisa McElrath, Communications Manager

Raven Industries

+1(605) 336-2750

lisa.mcelrath@ravendind.com

Jared Stearns, Investor Relations Manager

Raven Industries

+1(605) 336-2750

jared.stearns@ravendind.com

###

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Document and Entity Information Document	Oct. 06, 2020
Document Information [Line Items]
Entity Central Index Key	0000082166
Amendment Flag	false
Document Type	8-K
Document Period End Date	Oct. 06, 2020
Entity Registrant Name	RAVEN INDUSTRIES, INC.
Entity Incorporation, State or Country Code	SD
Entity File Number	001-07982
Entity Tax Identification Number	46-0246171
Entity Address, Address Line One	205 East 6th Street, P.O. Box 5107
Entity Address, City or Town	Sioux Falls,
Entity Address, Postal Zip Code	57117-5107
Entity Address, State or Province	SD
City Area Code	605
Local Phone Number	336-2750
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, $1 par value
Trading Symbol	RAVN
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false