Who resigned from the CSX Board of Directors?

Dr. William C. Richardson and Dr. Frank S. Royal resigned from the CSX Corporation Board of Directors.

Who were the new directors elected to the board?

Timothy O’Toole and Christopher Hohn were elected to the CSX Corporation Board of Directors.

When will the terms of the newly elected directors expire?

The terms of Timothy O’Toole and Christopher Hohn will expire upon the effectiveness of the election of directors by shareholders at the CSX Corporation 2008 annual meeting.

What is the significance of these director changes?

These changes indicate a board refreshment or transition. While the specific reasons for the resignations and elections are not detailed in this 8-K, such events can signal strategic shifts or a desire for new perspectives on the board.

CSX 8-K: Leadership Changes

Summary

CSX Corporation filed an 8-K report on September 18, 2008, detailing changes to its Board of Directors. The report signifies a transition with the resignation of two long-standing directors, Dr. William C. Richardson and Dr. Frank S. Royal. Their departures were contingent upon the election of two new members, Timothy O’Toole and Christopher Hohn, who were subsequently appointed to the board.

Key Highlights

1Dr. William C. Richardson resigned from the CSX Corporation Board of Directors.
2Dr. Frank S. Royal resigned from the CSX Corporation Board of Directors.
3Timothy O’Toole was elected to the CSX Corporation Board of Directors.
4Christopher Hohn was elected to the CSX Corporation Board of Directors.
5The new directors' terms are set to expire upon the election of directors by shareholders at the 2008 annual meeting.
6The filing includes resignation letters and a press release as exhibits.

CSX CORP 8-K Report, Executive Changes (Sep 19, 2008)

Summary

Key Highlights

Frequently Asked Questions