01—Abstract
Summary
Summary of the 8-K filed October 14, 2021. Cited figures are marked; the original filing is the authoritative source.
Carpenter Technology Corporation (CRS) announced the appointment of Ramin Younessi to its Board of Directors, effective October 12, 2021.
Mr. Younessi has been appointed to serve on the Audit/Finance and Science & Technology Committees. The Board has confirmed that Mr. Younessi meets the independence requirements set by the SEC and the New York Stock Exchange, making him a valuable addition to the board's oversight functions. This appointment is significant as it strengthens the board's expertise in key areas relevant to the company's operations and financial stewardship.
Investors should note that Mr. Younessi is a Class I director and will be up for re-election at the 2024 Annual Meeting. His compensation will follow the standard policy for non-employee directors, and there are no undisclosed related-party transactions or arrangements associated with his appointment.
02—Key points
Key Highlights
- Ramin Younessi appointed to Carpenter Technology Corporation's Board of Directors.
- Mr. Younessi joins the Audit/Finance and Science & Technology Committees.
- The Board has determined Mr. Younessi qualifies as an independent director.
- His appointment aligns with NYSE and SEC independence standards.
- Mr. Younessi is a Class I director, up for re-election in 2024.
- He will receive standard compensation for non-employee directors.
- No undisclosed arrangements or related-party transactions tied to his appointment.
03—Questions
Frequently Asked Questions
Who is Ramin Younessi and why was he appointed to the board?
Ramin Younessi has been appointed to the Board of Directors of Carpenter Technology Corporation. His appointment is intended to bring expertise to the board, particularly in the areas of Audit/Finance and Science & Technology, as he has been assigned to those committees.
Is Ramin Younessi considered an independent director?
Yes, the Board of Directors has determined that Mr. Younessi meets the independence requirements set forth by the Securities and Exchange Commission and the New York Stock Exchange's listing standards.
What is the expected term for Mr. Younessi's directorship?
Mr. Younessi has been appointed as a Class I director. This means he will be eligible for re-election at the Company's 2024 Annual Meeting of Stockholders.
Are there any special compensation arrangements for Mr. Younessi?
No, Mr. Younessi will be compensated according to the Company's standard compensation policy for non-employee directors. There are no unique arrangements specific to his appointment.
04—Continue