8-KOther Events

CARPENTER TECHNOLOGY CORP 8-K Report (Apr 25, 2003)

Filed April 25, 2003For Securities:CRS

Summary

Carpenter Technology Corporation (CRS) filed an 8-K on April 25, 2003, primarily announcing significant leadership changes and a routine dividend declaration. Robert J. Torcolini, currently president and COO, is set to assume the roles of chairman, president, and chief executive officer effective July 1, 2003. This transition follows the retirement of the current chairman and CEO, Dennis M. Draeger, who will step down on June 30, 2003. In addition to the executive transition, the company's Board of Directors declared a quarterly cash dividend of $0.0825 per common share. This dividend is scheduled to be paid on June 5, 2003, with a record date of May 6, 2003. These announcements provide transparency regarding the company's future leadership and continued commitment to returning value to shareholders.

Key Highlights

  • 1Leadership Transition: Robert J. Torcolini to become Chairman, President, and CEO on July 1, 2003.
  • 2CEO Retirement: Dennis M. Draeger to retire as Chairman and CEO effective June 30, 2003.
  • 3Dividend Declaration: Quarterly cash dividend of $0.0825 per common share declared.
  • 4Dividend Payment Date: June 5, 2003.
  • 5Dividend Record Date: May 6, 2003.
  • 6Reported via Form 8-K filed on April 25, 2003.

Frequently Asked Questions

Robert J. Torcolini, currently the president and chief operating officer, will assume the roles of chairman, president, and chief executive officer. This change is effective July 1, 2003.

The current chairman and chief executive officer, Dennis M. Draeger, has decided to retire. His retirement is effective June 30, 2003.

Yes, the Board of Directors declared a quarterly cash dividend of $0.0825 per share of common stock.

The dividend is payable on June 5, 2003, to shareholders of record as of May 6, 2003.