01—Abstract
Summary
Summary of the 8-K filed June 7, 2023. Cited figures are marked; the original filing is the authoritative source.
Carpenter Technology Corporation (CRS) announced a key change to its Board of Directors through an 8-K filing on June 7, 2023.
The company appointed Colleen Pritchett as a Class I director, effective immediately on June 1, 2023. Mrs.
Pritchett's term is set to conclude at the upcoming 2023 annual meeting of stockholders, or until her successor is elected. Her appointment is expected to bring valuable perspectives, as she will serve on important committees including Corporate Governance, Human Capital Management, and Strategy, reflecting the Board's commitment to these critical areas.
02—Key points
Key Highlights
- Appointment of Colleen Pritchett as a new Class I Director to the Board.
- Mrs. Pritchett's term as director will end at the 2023 annual meeting of stockholders.
- She will serve on the Corporate Governance, Human Capital Management, and Strategy Committees.
- The appointment is effective as of June 1, 2023.
- Mrs. Pritchett has no undisclosed arrangements or understandings related to her appointment.
- No family relationships or disclosable related party transactions exist between Mrs. Pritchett and the Company.
- Director compensation will follow the established non-employee director program.
03—Questions
Frequently Asked Questions
Who is Colleen Pritchett and why has she been appointed to the Board?
Colleen Pritchett has been appointed as a new Class I Director. While the filing does not detail her specific professional background, her appointment to key committees like Corporate Governance, Human Capital Management, and Strategy suggests the Board seeks to leverage her expertise in these strategic areas.
What is the duration of Mrs. Pritchett's board term?
Mrs. Pritchett's term as a Class I director is set to conclude at Carpenter Technology Corporation's 2023 annual meeting of stockholders, or until her successor is duly elected and qualified.
Will Mrs. Pritchett receive additional compensation for her role?
Mrs. Pritchett will be compensated in accordance with the Company's standard director compensation program for non-employee directors, as outlined in their September 16, 2022 proxy statement. She will also enter into the Company's standard form of indemnification agreement.
Are there any conflicts of interest or related party transactions associated with Mrs. Pritchett's appointment?
No. The filing explicitly states that Mrs. Pritchett is not party to any undisclosed arrangements for her appointment, has no family relationship with current executives or directors, and has not engaged in any related party transactions that require disclosure under Regulation S-K.
04—Continue