8-KLeadership ChangesExhibits & Filings

CARPENTER TECHNOLOGY CORP 8-K Report, Executive Changes (Feb 19, 2019)

Filed February 19, 2019For Securities:CRS

Summary

Carpenter Technology Corporation (CRS) announced on February 19, 2019, via an 8-K filing, the appointment of two new independent directors to its Board of Directors: Viola L. Acoff and A. John Hart. This move is aimed at strengthening the Board's expertise and governance. Both directors have been appointed to various key committees, indicating an active integration into the company's strategic and oversight functions. Ms. Acoff has joined the Corporate Governance, Compensation, and Science and Technology Committees, while Mr. Hart has been appointed to the Audit/Finance and Strategy Committees. These appointments are significant as they bring new perspectives and potentially enhance the Board's ability to navigate complex business challenges and drive long-term shareholder value. Investors should note that both directors have been deemed independent under SEC and NYSE standards, assuring objective oversight.

Key Highlights

  • 1Appointment of two new independent directors, Viola L. Acoff and A. John Hart, to the Board of Directors.
  • 2Ms. Acoff appointed to Corporate Governance, Compensation, and Science and Technology Committees.
  • 3Mr. Hart appointed to Audit/Finance and Strategy Committees.
  • 4Both new directors are deemed independent under SEC and NYSE standards.
  • 5Ms. Acoff is a Class III director, standing for re-election at the 2019 Annual Meeting.
  • 6Mr. Hart is a Class II director, standing for re-election at the 2021 Annual Meeting.
  • 7No undisclosed arrangements or reportable transactions involving the new directors.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce the appointment of two new independent directors, Viola L. Acoff and A. John Hart, to the Board of Directors of Carpenter Technology Corporation.

Yes, the Board of Directors has determined that both Ms. Acoff and Mr. Hart qualify as independent directors under the director independence standards set forth by the SEC and the New York Stock Exchange.

Viola L. Acoff has been appointed to the Corporate Governance, Compensation, and Science and Technology Committees. A. John Hart has been appointed to the Audit/Finance and Strategy Committees.

The appointments were made on February 14, 2019. Ms. Acoff is a Class III director and will stand for re-election at the Company’s 2019 Annual Meeting of Stockholders. Mr. Hart is a Class II director and was elected to stand for re-election at the 2021 Annual Meeting of Stockholders.