Arcosa Appoints New CFO, Scott W. Johnson
Ticker: ACA · Form: 8-K · Filed: Mar 1, 2024 · CIK: 1739445
| Field | Detail |
|---|---|
| Company | Arcosa, INC. (ACA) |
| Form Type | 8-K |
| Filed Date | Mar 1, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
TL;DR
Arcosa names Scott W. Johnson as new CFO, starting March 4th. He's getting $425k base + bonus + $1M in stock.
AI Summary
Arcosa, Inc. announced on February 29, 2024, the appointment of Scott W. Johnson as Senior Vice President and Chief Financial Officer, effective March 4, 2024. Johnson will receive an annual base salary of $425,000 and is eligible for a discretionary annual bonus. He will also be granted restricted stock units valued at $1,000,000, vesting over three years.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact investor confidence and the company's financial strategy.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategies and performance.
Key Numbers
- $425,000 — CFO Base Salary (Annual compensation for Scott W. Johnson.)
- $1,000,000 — CFO Stock Grant (Value of restricted stock units awarded to Scott W. Johnson.)
Key Players & Entities
- Arcosa, Inc. (company) — Registrant
- Scott W. Johnson (person) — Appointed Senior Vice President and Chief Financial Officer
- $425,000 (dollar_amount) — Annual base salary for new CFO
- $1,000,000 (dollar_amount) — Value of restricted stock units granted to new CFO
- March 4, 2024 (date) — Effective date of CFO appointment
- February 29, 2024 (date) — Date of report
FAQ
Who has been appointed as the new Senior Vice President and Chief Financial Officer of Arcosa, Inc.?
Scott W. Johnson has been appointed as the new Senior Vice President and Chief Financial Officer of Arcosa, Inc.
When is the effective date for Scott W. Johnson's appointment as CFO?
The appointment is effective March 4, 2024.
What is Scott W. Johnson's annual base salary?
Scott W. Johnson's annual base salary is $425,000.
What is the value of the restricted stock units granted to the new CFO?
The restricted stock units granted to Scott W. Johnson are valued at $1,000,000.
How will the restricted stock units granted to Scott W. Johnson vest?
The restricted stock units will vest over three years.
Filing Stats: 546 words · 2 min read · ~2 pages · Grade level 10.4 · Accepted 2024-03-01 16:18:07
Key Financial Figures
- $0.01 — ange on which registered Common Stock ($0.01 par value) ACA New York Stock Exchange
Filing Documents
- aca-20240229.htm (8-K) — 26KB
- aca-20240229_g1.jpg (GRAPHIC) — 25KB
- 0001739445-24-000014.txt ( ) — 230KB
- aca-20240229.xsd (EX-101.SCH) — 2KB
- aca-20240229_def.xml (EX-101.DEF) — 14KB
- aca-20240229_lab.xml (EX-101.LAB) — 28KB
- aca-20240229_pre.xml (EX-101.PRE) — 15KB
- aca-20240229_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Arcosa, Inc. (Registrant) March 1, 2024 By: /s/ Gail M. Peck Name: Gail M. Peck Title: Chief Financial Officer