CARPENTER TECHNOLOGY CORPORATION (NYSE:CRS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February14, 2019, the Board of Directors (the “Board”) of Carpenter Technology Corporation (the “Company”), upon the recommendation of its Corporate Governance Committee, appointed Viola L. Acoff and A. John Hart to the Board. Ms.Acoff was also appointed to the Corporate Governance, Compensation and Science and Technology Committees of the Board. Mr.Hart was appointed to the Audit/Finance and Strategy Committees. Ms.Acoff is a ClassIII director, which means she will stand for re-election at the Company’s 2019 Annual Meeting of Stockholders and Mr.Hart was elected to ClassII of the Board standing for reelection at the 2021 Annual Meeting of Stockholders.
The Board determined that both Ms.Acoff and Mr.Hart qualify as independent directors under the director independence standards set forth in the rulesand regulations of the Securities and Exchange Commission and the applicable listing standards of the New York Stock Exchange.
Both Ms.Acoff and Mr.Hart will be entitled to compensation under the Company’s compensation policy for non-employee directors. There are no arrangements or understandings between Ms.Acoff or Mr.Hart and any other person to which they were appointed as a director. There are no transactions in which either Ms.Acoff or Mr.Hart has an interest requiring disclosure under Item404(a)of Regulation S-K.
The full text of a press release issued in connection with Ms.Acoff’s and Mr.Hart’s appointments is attached hereto as Exhibit99.1 and incorporated herein by reference.
Item 9.01 – Financial Statements and Exhibits
(d) Exhibits
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ExhibitNo. |
Description |
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99.1 |
Press Release, dated February19, 2019 |
CARPENTER TECHNOLOGY CORP Exhibit
EX-99.1 2 a19-4984_1ex99d1.htm EX-99.1 Exhibit 99.1 Media Inquiries: Investor Inquiries: William J. Rudolph,…
To view the full exhibit click here
About CARPENTER TECHNOLOGY CORPORATION (NYSE:CRS)
Carpenter Technology Corporation is engaged in the manufacturing, fabrication and distribution of specialty metals. The Company’s segments include Specialty Alloys Operations (SAO) and Performance Engineered Products (PEP). Its SAO segment consists of alloy and stainless steel manufacturing operations. Its PEP segment includes the Dynamet titanium business, the Carpenter Powder Products business, the Amega West business, the Specialty Steel Supply business and the Latrobe and Mexico distribution businesses. It develops, manufactures and distributes cast/wrought and powder metal stainless steels, and special alloys, including high temperature (iron-nickel-cobalt base), stainless, corrosion resistant, controlled expansion alloys, ultra-high strength and implantable alloys, tool and die steels and other specialty metals, as well as cast/wrought titanium alloys. The Company manufactures and rents down-hole drilling tools and components used in the oil and gas industry.
