Summary
Caterpillar Inc. (CAT) announced a board resignation on October 2, 2017, related to an event on September 27, 2017. Jon M. Huntsman, Jr. resigned from his position as a member of the Company's Board of Directors, effective immediately. This decision was prompted by his confirmation by the U.S. Senate to serve as the U.S. Ambassador to Russia. Investors should note that Mr. Huntsman's departure is not attributed to any disagreements or issues with Caterpillar's management or operations.
Key Highlights
- 1Jon M. Huntsman, Jr. has resigned from Caterpillar's Board of Directors.
- 2The resignation was effective immediately upon notification.
- 3The reason for resignation is Mr. Huntsman's new role as U.S. Ambassador to Russia.
- 4Mr. Huntsman's departure is not due to any disagreements with Caterpillar.
- 5This event is reported under Item 5.02 of the 8-K filing.
Frequently Asked Questions
Jon M. Huntsman, Jr. resigned from the Caterpillar Board of Directors due to his confirmation by the U.S. Senate to become the U.S. Ambassador to Russia.
No, the filing explicitly states that Mr. Huntsman's decision to resign is not the result of any disagreement with the Company.
Mr. Huntsman's resignation from the Board of Directors was effective immediately upon his notification to Caterpillar Inc.