Astec Industries Appoints New CFO
Ticker: ASTE · Form: 8-K · Filed: Oct 7, 2024 · CIK: 792987
| Field | Detail |
|---|---|
| Company | Astec Industries Inc (ASTE) |
| Form Type | 8-K |
| Filed Date | Oct 7, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $550,000, $800,000, $30,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo
TL;DR
Astec Industries names Jim Scopa as new CFO, effective immediately.
AI Summary
Astec Industries, Inc. announced on October 7, 2024, the appointment of James R. (Jim) Scopa as its new Chief Financial Officer (CFO), effective immediately. Scopa, who previously served as interim CFO, will also join the company's executive leadership team. He has been with Astec since 2019, holding various financial leadership roles.
Why It Matters
The appointment of a permanent CFO is a significant leadership change that can impact investor confidence and the company's financial strategy moving forward.
Risk Assessment
Risk Level: low — This filing reports a routine executive appointment, which typically carries low risk.
Key Players & Entities
- Astec Industries, Inc. (company) — Registrant
- James R. (Jim) Scopa (person) — Newly appointed Chief Financial Officer
- October 7, 2024 (date) — Effective date of appointment
FAQ
Who has been appointed as the new Chief Financial Officer of Astec Industries, Inc.?
James R. (Jim) Scopa has been appointed as the new Chief Financial Officer of Astec Industries, Inc.
When is the appointment of the new CFO effective?
The appointment of James R. (Jim) Scopa as CFO is effective immediately as of October 7, 2024.
What was James R. (Jim) Scopa's previous role at Astec Industries?
James R. (Jim) Scopa previously served as the interim CFO at Astec Industries.
How long has James R. (Jim) Scopa been with Astec Industries?
James R. (Jim) Scopa has been with Astec Industries since 2019.
What other role will the new CFO assume?
In addition to being CFO, James R. (Jim) Scopa will also join the company's executive leadership team.
Filing Stats: 683 words · 3 min read · ~2 pages · Grade level 10.9 · Accepted 2024-10-07 09:01:33
Key Financial Figures
- $550,000 — s will receive an annual base salary of $550,000, subject to annual review by the Compen
- $800,000 — grant date value equal to approximately $800,000, prorated for 2024 service, consisting
- $30,000 — rovided with a company automobile and a $30,000 annual housing allowance, and he will b
Filing Documents
- aste-20241007.htm (8-K) — 23KB
- astecpressrelease-cfoappoi.htm (EX-99.1) — 6KB
- aste-20241007_g1.jpg (GRAPHIC) — 30KB
- asteclogo3.jpg (GRAPHIC) — 43KB
- 0000792987-24-000048.txt ( ) — 262KB
- aste-20241007.xsd (EX-101.SCH) — 2KB
- aste-20241007_lab.xml (EX-101.LAB) — 21KB
- aste-20241007_pre.xml (EX-101.PRE) — 12KB
- aste-20241007_htm.xml (XML) — 3KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits 99.1 Press Release of Astec Industries, Inc. issued October 7, 202 4 104 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. Astec Industries, Inc. Date: October 7, 2024 By: /s/ Edward T. Gilbert Jr. Edward T. Gilbert Jr. General Counsel & Corporate Secretary