Donaldson Company
Bloomington, Minnesota, United States · Commercial Real Estate, Hospitality, Manufacturing
Founded in 1915, Donaldson (NYSE: DCI) is a global leader in technology-led filtration products and solutions, serving a broad range of industries and advanced markets. Our diverse, skilled employees at over 140 locations on six continents partner with customers—from small business owners to the world’s biggest OEM brands—to solve complex filtration challenges. Discover how Donaldson is Advancing
Key facts
- Headquarters
- Bloomington, Minnesota, United States
- Employees
- 14,000
- Industries
- Commercial Real Estate, Hospitality, Manufacturing
- Status
- Public (DCI)
- Website
- www.donaldson.com
- Company page
Recent activity at Donaldson Company
- : SEC 8-K (1.01): On October 27, 2026, Donaldson Company, Inc. entered into a Note Purchase Agreement with institutional investors, allowing the issuance of up to $1.5 billion in senior unsecured notes. The initial series includes $250 million, divided into three tranches totaling $250 million, with the first notes due between 2032 and 2037. The agreement outlines various covenants, events of default, and prepayment options. This significant financing could enhance the company's capital structure, strategically supporting its operational activities as it prepares for issuance expected on January 12, 2027.
- : Donaldson Appoints Jeff Stierman as President of Industrial Solutions
- : SEC 8-K (5.02): On July 23, 2026, Douglas A. Milroy notified the Board of Directors of Donaldson Company, Inc. of his decision to resign from the Board, effective July 31, 2026. Mr. Milroy has been a member of the Board since 2016. His departure may have implications for the company's governance structure and strategic direction as the company will need to fill this vacancy.
- : SEC 8-K (1.01): On April 8, 2026, Donaldson Company, Inc. entered into a Term Loan Credit Agreement with certain lenders and Wells Fargo Bank as the administrative agent. This Agreement establishes a new $400 million unsecured delayed draw term loan facility that is available for three years. As of the effective date, no amount was drawn from the facility. The terms include interest rates based on either Term SOFR or a Base Rate, with specific covenants requiring a consolidated interest coverage ratio of at least 3.5 to 1.00 and adjusted debt-to-EBITDA not exceeding 3.50 to 1.00. Failure to comply with these covenants could lead to termination by lenders or acceleration of amounts due under the loan agreement.
- : Donaldson Company to acquire Facet for $820 million
- : SEC 8-K (1.01): On January 31, 2026, Donaldson Company, Inc. entered into a Securities Purchase Agreement with Facet Group Holdings II LLC and Facet Holdings II B.V. The Company will acquire all issued and outstanding equity interests in Facet (Oklahoma) LLC and Facet Netherlands B.V. for a total purchase price of $820 million in cash, subject to customary adjustments based on cash, debt, transaction expenses, and net working capital. The transaction is contingent upon several customary closing conditions, including regulatory approvals and compliance with applicable laws, with a deadline to consummate the deal by October 31, 2026.
- : Richard B. Lewis Appointed as President and CEO of Donaldson Company, Inc.
- : SEC 8-K (5.02): On January 29, 2026, Donaldson Company, Inc. announced the appointment of Richard B. Lewis as the new President and Chief Executive Officer, effective on March 2, 2026. He succeeds Tod E. Carpenter, who retired as President and CEO effective March 1, 2026, but will remain as Executive Chairman of the Board to ensure a smooth transition. Mr. Lewis's annual base salary has been adjusted to $1,088,000, and he has been granted additional equity awards valued at $942,500. The strategic transition is significant as it involves leadership changes at a critical time for the company, impacting operational direction and governance structure.
- : SEC 8-K (5.02): On January 29, 2026, Donaldson Company, Inc. announced the appointment of Richard B. Lewis as the President and Chief Executive Officer, effective March 2, 2026. He will also join the Board of Directors on the same date. Lewis succeeds Tod E. Carpenter, who announced his retirement as President and CEO, effective at the end of the day on March 1, 2026, but will remain as Executive Chairman of the Board during the transition. Lewis has been with the company since 2002 and has served in several key positions, including Chief Operating Officer since August 1, 2025, indicating a strategic continuity within the company's leadership.
- : SEC 8-K (5.07): On November 21, 2025, Donaldson Company, Inc. held its 2025 Annual Meeting of Stockholders where stockholders elected four individuals to the Board of Directors: Douglas A. Milroy, Richard M. Olson, Daniel P. Shine, and Jacinth C. Smiley. The vote counts were 91,803,644 and 90,038,371 for the first two candidates respectively, with multiple votes withheld. Additionally, the stockholders approved a non-binding advisory vote on the compensation of named executive officers on a majority vote basis. The meeting also included the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm. This governance change strengthens the board with new members and emphasizes a commitment to executive compensation oversight, reflecting on the company's strategic direction moving forward.
Leadership
- Jeff Stierman, President
- Renan Jarussi, Senior HR Business Partner
- Noelene Narainsamy, HR Business Partner
- Richard Lewis, President
- Brad Pogalz, Chief Financial Officer
- Tod Carpenter, Chairman
- Mark Hamilton, Assistant Chief Constable Duties
Verified email and direct lines for Donaldson Company’s decision-makers are on Fundz. See plans — or book a 15-minute walkthrough.
Employee benefit plans
Donaldson Company files 3 employee benefit plans with the U.S. Department of Labor, including a retirement plan. The next plan year renews in Dec 2026.
Donaldson Company in the news
- Donaldson Company to Present at the Gabelli Funds 50th Annual Automotive Symposium - Yahoo Finance (Oct 30, 2026)
- Donaldson Introduces Alpha-Pore™ Technology Platform for Extended Sterile Filtration Performance - Business Wire (Nov 02, 2026)
- Donaldson Company to Present at the Jefferies 2026 Global Industrials and Morgan Stanley 14th Annual Laguna Conferences - Yahoo Finance (Sep 04, 2026)
- Donaldson Company Releases FY25 Sustainability Report, Advancing Filtration for a Thriving Future - Business Wire (Apr 13, 2026)
- The Bull Case For Donaldson Company (DCI) Could Change Following Record Sales And Largest-Ever Facet Deal - Yahoo Finance (Apr 06, 2026)
- Donaldson to Webcast Fourth Quarter Fiscal 2026 Earnings Conference Call - Yahoo Finance (Aug 06, 2026)
- Spotlight On: Tod Carpenter, Chairman, President & CEO, Donaldson Company - Capital Analytics Associates (Mar 13, 2023)
- Donaldson Introduces ArmorSeal™: The New Era of Air Filtration Technology for On‑Road and Off‑Road Heavy‑Duty Equipment - Business Wire (Feb 23, 2026)
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About Donaldson Company: questions and answers
What does Donaldson Company do?
Founded in 1915, Donaldson (NYSE: DCI) is a global leader in technology-led filtration products and solutions, serving a broad range of industries and advanced markets. Our diverse, skilled employees at over 140 locations on six continents partner with customers—from small business owners to the world’s biggest OEM brands—to solve complex filtration challenges. Discover how Donaldson is Advancing
Where is Donaldson Company headquartered?
Donaldson Company is headquartered in Bloomington, Minnesota, United States.
How many employees does Donaldson Company have?
Donaldson Company has about 14,000 employees.
Who leads Donaldson Company?
Jeff Stierman is a President at Donaldson Company.
What is the latest news on Donaldson Company?
On Oct 29, 2026, SEC 8-K (1.01): On October 27, 2026, Donaldson Company, Inc. entered into a Note Purchase Agreement with institutional investors, allowing the issuance of up to $1.5 billion in senior unsecured notes. The initial series includes $250 million, divided into three tranches totaling $250 million, with t
Is Donaldson Company a public company?
Yes. Donaldson Company is publicly traded under the ticker DCI.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy