AAON Expands Board with New Director and Announces Cash Dividend Payment

AAON Expands Board with New Director

AAON, Inc., a notable leader in the HVAC (Heating, Ventilation, and Air-Conditioning) sector, has announced significant updates regarding its Board of Directors. As of May 13, 2025, the company has expanded its Board from eight to nine members, welcoming Matt J. Tobolski, PhD, as the new board director. This strategic move comes as the company seeks to enhance its leadership strength and operational efficiency.

Dr. Tobolski, who also serves as the company’s President and CEO, previously held the roles of President and COO since January 2024. His extensive experience in the industry has been instrumental in driving AAON's innovative approach and growth. Notably, Dr. Tobolski co-founded BASX Solutions in 2013, which AAON acquired in December 2021. His dual role on the board and as CEO positions him uniquely to steer AAON towards fulfilling its business objectives while upholding its reputation for high-performance and energy-efficient HVAC solutions.

The previous CEO, Gary D. Fields, will assist in a transitional capacity, remaining on the Board of Directors and serving as a special advisor. This transition exemplifies AAON's commitment to continuity and progressive leadership as it adapts to evolving market demands.

In addition to the board expansion, AAON has declared its next regular quarterly cash dividend of $0.10 per share, equating to an annual dividend of $0.40. This dividend payment is scheduled for June 27, 2025, for shareholders on record as of the close of business on June 6, 2025. Such financial incentives underline AAON's ongoing commitment to return value to its shareholders, a crucial aspect of its operational strategy.

Founded in 1988, AAON has built a robust reputation as a global leader in the HVAC industry, delivering customized solutions for various environments, including commercial, industrial, and data centers. The company’s focus on energy efficiency and superior performance positions it effectively amidst growing environmental concerns and market competition. With a world-class innovation center headquartered in Tulsa, Oklahoma, AAON continues to develop cutting-edge technologies that meet diverse customer needs while ensuring maximum energy savings.

Additionally, AAON's commitment to advanced engineering practices enables the manufacture of highly configurable products that align with individual client specifications, further enhancing the ownership experience for customers. The company proudly markets a range of products under its AAON and BASX brands, emphasizing quality and customer satisfaction in all its undertakings.

As AAON prepares for its upcoming financial steps and leadership adjustments, stakeholders can look forward to exciting developments. Emphasizing growth and innovation, the company is poised not only to meet but to exceed the expectations of clients and investors alike. Detailed information about AAON's operations, its strategic initiatives, and the latest updates can be accessed at AAON's official website.

In conclusion, the board expansion and dividend announcement collectively represent a pivotal moment for AAON as it endeavors to refine its operational framework. With capable leaders at the helm and a solid commitment to stakeholder value, the future appears promising for this dynamic company in the HVAC industry.