Scotts Miracle-Gro names Nathan Baxter CEO, replacing 25-year leader James Hagedorn

Filed July 1, 2026 · Period ending July 1, 2026 · ~2 min read

Key Changes

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  Nathan Baxter, 53, promoted from President & COO to CEO effective June 26, succeeding James Hagedorn who led the company for 25 years and grew revenue from $732M to $3.3B. Board characterized the transition as part of a long-term succession plan established when Baxter joined in 2023.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
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  Hagedorn receives $17.4M severance (reduced by accrued pension, paid over 12 months), plus $500K in airplane operation support, $150K administrative support, and $3.6M over three years for non-compete obligations—totaling approximately $21.65M in separation costs.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
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  Lead Independent Director Peter Shumlin elected Board Chairman, replacing Hagedorn who also resigned from the Board after serving as Chairman since 2003. Director Nick Miaritis resigned from Board but remains as EVP & Chief Brand Officer.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →