8-KLeadership ChangesExhibits & Filings

NORFOLK SOUTHERN CORP 8-K Report, Executive Changes (May 19, 2020)

Filed May 19, 2020For Securities:NSC

Summary

Norfolk Southern Corporation (NSC) filed an 8-K on May 19, 2020, primarily announcing a key executive appointment within its finance division. Effective June 1, 2020, Clyde Henry Allison Jr. has been elected Vice President and Controller. Mr. Allison brings extensive experience to this role, having been with the company since 1993 and previously holding significant positions such as Vice President and Treasurer, and Vice President Audit and Compliance. This transition also involves Jason A. Zampi, who will move from Controller to Vice President of Financial Planning and Analysis. These changes are effective on the same date, signaling internal adjustments to bolster the company's financial leadership. The company also noted that there were no undisclosed arrangements or family ties relevant to Mr. Allison's appointment and no new compensatory plans were implemented in connection with this change.

Key Highlights

  • 1Clyde Henry Allison Jr. appointed Vice President and Controller, effective June 1, 2020.
  • 2Mr. Allison has a long tenure with Norfolk Southern, dating back to 1993.
  • 3Jason A. Zampi will transition from Controller to Vice President of Financial Planning and Analysis.
  • 4The appointments indicate a shuffle in senior financial leadership roles.
  • 5No undisclosed arrangements or family relationships were associated with Mr. Allison's appointment.
  • 6No new material compensatory plans or awards were granted to Mr. Allison in connection with his new role.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce an executive officer change within Norfolk Southern Corporation's finance department, specifically the appointment of Clyde Henry Allison Jr. as Vice President and Controller and the transition of Jason A. Zampi to Vice President of Financial Planning and Analysis.

Clyde Henry Allison Jr., age 56, has been elected Vice President and Controller. He joined Norfolk Southern in 1993 and has held several senior finance positions, including Vice President and Treasurer since 2017, Vice President Audit and Compliance from 2013 to 2017, and previously Vice President and Controller from 2009 to 2013.

The filing states that no material plan, contract, or arrangement was entered into or materially amended, and Mr. Allison did not receive any new grants or awards under any plan in connection with his appointment as Vice President and Controller. This suggests no immediate financial impact or change in compensation structure for Mr. Allison stemming directly from this role change.

Both the appointment of Clyde Henry Allison Jr. as Vice President and Controller and the transition of Jason A. Zampi to Vice President of Financial Planning and Analysis are effective June 1, 2020.