01—Abstract
Summary
Summary of the 8-K filed July 26, 2017. Cited figures are marked; the original filing is the authoritative source.
This 8-K filing from Norfolk Southern Corp. (NSC) announces a key executive change: the appointment of Thomas E.
Hurlbut as interim Chief Financial Officer, effective August 1, 2017. Mr. Hurlbut, who has a long tenure with the company since 1992 and currently holds the position of Vice President and Controller, will continue his existing duties while taking on the interim CFO role. This appointment is presented as a standard procedural update, with the company confirming no unusual arrangements or transactions associated with his selection.
02—Key points
Key Highlights
- Appointment of Thomas E. Hurlbut as interim Chief Financial Officer, effective August 1, 2017.
- Mr. Hurlbut will continue to serve as Vice President and Controller in addition to his interim CFO duties.
- Mr. Hurlbut has extensive experience with Norfolk Southern, having been employed since 1992.
- His prior roles include Vice President and Controller (since 2013) and Vice President Audit and Compliance.
- The company confirmed no arrangements or understandings exist for his selection beyond his employment.
- No family relationships exist between Mr. Hurlbut and other executive officers or directors.
- No material non-disclosed transactions involving Mr. Hurlbut exceeding $120,000.
03—Questions
Frequently Asked Questions
Who has been appointed as the interim Chief Financial Officer?
Thomas E. Hurlbut has been appointed as the interim Chief Financial Officer, effective August 1, 2017.
What is Mr. Hurlbut's background with Norfolk Southern?
Mr. Hurlbut has been with Norfolk Southern since 1992 and currently serves as Vice President and Controller. He previously held the role of Vice President Audit and Compliance.
Will Mr. Hurlbut be stepping down from his current role as Vice President and Controller?
No, the filing states that Mr. Hurlbut will continue to serve in his role as Vice President and Controller in addition to assuming the duties of Chief Financial Officer.
Are there any unusual arrangements or compensation changes associated with this appointment?
Norfolk Southern has confirmed that there are no arrangements or understandings between Mr. Hurlbut and any other person for his selection, no family relationships with other officers/directors, and no material transactions outside of his compensation from employment. No material plan, contract, or arrangement was entered into or amended in connection with his appointment.
04—Continue