8-KEarnings & ResultsLeadership ChangesRegulation FD+1

NORFOLK SOUTHERN CORP 8-K Report, Financial Results (Jan 25, 2023)

Filed January 25, 2023For Securities:NSC

Summary

Norfolk Southern Corporation (NSC) filed an 8-K on January 25, 2023, primarily to report its fourth-quarter and full-year 2022 financial results via a press release and financial data exhibit. While the filing itself does not contain detailed financial metrics, it directs investors to these attached documents for performance information. A key executive change noted is the upcoming departure of James A. Squires, a Board member and former CEO, who will not seek re-election at the 2023 annual meeting. His departure is stated as not being due to any disagreements with the company.

Key Highlights

  • 1NSC reported its Q4 and full-year 2022 financial results on January 25, 2023.
  • 2The results are available through an attached Press Release (Exhibit 99.1) and Q4 2022 Financial Data (Exhibit 99.2).
  • 3Investors are directed to the company's website for additional financial information.
  • 4James A. Squires, a Board member and former CEO, will not stand for re-election at the 2023 annual shareholder meeting.
  • 5Mr. Squires' decision to depart the Board is not related to any disagreements with the company's operations, policies, or practices.
  • 6The filing also includes the cover page interactive data file.

Frequently Asked Questions

The detailed financial results are provided in the Press Release dated January 25, 2023 (Exhibit 99.1) and the 2022 Q4 Financial Data (Exhibit 99.2) attached to this 8-K filing. This information is also available on Norfolk Southern's website in the 'Invest in NS' section under 'Financial Reports'.

James A. Squires, who served as a Board member and was formerly the CEO, has decided not to stand for re-election at the upcoming 2023 annual shareholder meeting. The company has stated that his decision is amicable and not due to any disputes regarding company operations or policies.

This 8-K filing does not discuss new or revised financial accounting standards. The company is not marked as an 'emerging growth company' that has elected to use the extended transition period for adopting new accounting standards.