8-KOther Events

CARPENTER TECHNOLOGY CORP 8-K Report, Corporate Update (Aug 1, 2012)

Filed August 1, 2012For Securities:CRS

Summary

Carpenter Technology Corporation (CRS) has filed an 8-K report detailing a prearranged trading plan adopted by its Chairman of the Board, Gregory A. Pratt. This plan, established in June 2012 and effective from August to December 2012, allows for the sale of up to 20,000 shares of Carpenter's common stock. The purpose of this plan is for Mr. Pratt's personal tax and financial planning, and it is designed to comply with SEC Rule 10b5-1, ensuring sales are made without the possession of material non-public information. Investors should note that this filing is primarily informational regarding insider trading activities. The plan specifies parameters for sales, including share amounts and minimum price thresholds. All transactions will be publicly disclosed via SEC filings, providing transparency for the market regarding this insider's stock disposition. The adoption of such a plan is a standard practice for insiders looking to diversify or manage their personal finances.

Key Highlights

  • 1Chairman of the Board, Gregory A. Pratt, adopted a prearranged trading plan to sell Carpenter Technology Corp (CRS) common stock.
  • 2The trading plan was adopted in June 2012.
  • 3The plan allows for the sale of up to 20,000 shares of Carpenter common stock.
  • 4Sales are scheduled to occur between August 2012 and December 2012.
  • 5The plan is designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934.
  • 6The purpose of the plan is for the director's personal tax and financial planning.
  • 7All sales under the plan will be publicly disclosed through SEC filings.

Frequently Asked Questions

This 8-K filing is primarily to inform investors that Carpenter Technology Corporation's Chairman of the Board, Gregory A. Pratt, has adopted a prearranged trading plan to sell a portion of his company stock. This is a standard disclosure for insider trading plans.

Mr. Pratt's plan allows for the sale of up to 20,000 shares of Carpenter common stock. These sales are planned to take place during specified periods between August 2012 and December 2012.

Mr. Pratt is selling shares as part of his personal program for tax and financial planning. The plan is structured to comply with SEC Rule 10b5-1, which is designed to allow insiders to sell stock even when they are not in possession of material non-public information. Such plans are common for managing personal finances and do not necessarily indicate negative views on the company's prospects.

Yes, all stock sales made under this plan will be publicly disclosed in accordance with applicable securities laws and regulations through appropriate filings with the U.S. Securities and Exchange Commission.