01—Abstract
Summary
Summary of the 8-K filed December 4, 2024. Cited figures are marked; the original filing is the authoritative source.
Westinghouse Air Brake Technologies Corporation (Wabtec) filed this Form 8-K under Item 5.02 to report a board change.
On December 2, 2024, the Board of Directors elected Juan Perez as a director, effective January 29, 2025. Mr. Perez will join the class of directors whose term expires in 2025. Upon taking his seat, Mr. Perez will receive compensation the same way as Wabtec's other non-employee directors, as described in the company's definitive proxy statement on Schedule 14A filed April 4, 2024.
Effective January 29, 2025, he was also appointed to the Audit Committee, the Governance and Sustainability Committee, and the Environmental, Social and Governance Subcommittee of the Governance and Sustainability Committee. The filing states there are no arrangements or understandings between Mr. Perez and any other person under which he was elected, and no related person transactions under Item 404(a) of Regulation S-K between him and the company. The filing contains no financial results or other operating information.
02—Key points
Key Highlights
- On December 2, 2024, the Board elected Juan Perez as a director, effective January 29, 2025.
- Mr. Perez will join the class of directors whose term expires in 2025.
- He will receive non-employee director compensation on the same basis as Wabtec's other non-employee directors, per the April 4, 2024 proxy statement.
- Effective January 29, 2025, he joins the Audit Committee, the Governance and Sustainability Committee, and the ESG Subcommittee of that committee.
- No arrangements or understandings exist between Mr. Perez and any other person regarding his election.
- No related person transactions under Item 404(a) of Regulation S-K exist between Mr. Perez and the company.
- The filing reports no financial results or operating metrics.
03—Questions
Frequently Asked Questions
Who was added to Wabtec's board of directors?
The Board elected Juan Perez as a director on December 2, 2024. His appointment takes effect January 29, 2025.
What board committees will Mr. Perez serve on?
Effective January 29, 2025, he will serve on the Audit Committee, the Governance and Sustainability Committee, and the Environmental, Social and Governance Subcommittee of the Governance and Sustainability Committee.
How will Mr. Perez be compensated?
He will receive compensation in the same manner as Wabtec's other non-employee directors, as described in the proxy statement on Schedule 14A filed April 4, 2024.
When does Mr. Perez's term expire?
He joins the class of directors whose term expires in 2025.
Does this filing disclose any conflicts or related-party dealings involving the new director?
The filing states there are no related person transactions under Item 404(a) of Regulation S-K between Mr. Perez and the company, and no arrangements or understandings with any other person under which he was elected.
04—Continue