Management Change/Compensation - Form 8-K

On March 25, 2024, David M. Wisniewski, Chief Accounting Officer and the principal accounting officer of Gates Industrial Corporation plc (the "Company"), notified the Company of his intention to resign effective on or about April 19, 2024 (the "Resignation Date") to pursue other opportunities. The Company thanks Mr. Wisniewski for his dedicated service and wishes him well in his future endeavors. Until a permanent successor is appointed, L. Brooks Mallard, the Company's Executive Vice President, Chief Financial Officer, will assume the responsibilities of the Company's principal accounting officer, effective as of the Resignation Date, in addition to his current role. Mr. Mallard's compensation will not change in connection with his increased responsibilities. Mr. Mallard's biography and other information required by Item 5.02(c) of Form 8-K are included in the Company's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 26, 2023, and such information is incorporated herein by reference. Mr. Wisniewski's resignation is not the result of any disagreement with the Company on any matter relating to the Company's financials, operations, policies, or practices.