Atkore Appoints New CFO, John Sullivan
Ticker: ATKR · Form: 8-K · Filed: Jul 23, 2024 · CIK: 1666138
| Field | Detail |
|---|---|
| Company | Atkore INC. (ATKR) |
| Form Type | 8-K |
| Filed Date | Jul 23, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $475,000, $250,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
TL;DR
Atkore names John Sullivan new CFO, replacing David Johnson. Sullivan starts Aug 5th.
AI Summary
On July 23, 2024, Atkore Inc. announced the appointment of John L. Sullivan as its new Chief Financial Officer, effective August 5, 2024. Sullivan will succeed David L. Johnson, who will transition to a senior advisor role until his retirement on September 30, 2024. Sullivan's compensation package includes a base salary of $500,000 and a target annual bonus of 100% of his base salary.
Why It Matters
A change in CFO can impact investor confidence and financial strategy. John Sullivan's appointment signals a new phase for Atkore's financial leadership.
Risk Assessment
Risk Level: low — This filing primarily concerns a routine executive appointment and compensation details, with no immediate financial distress or significant strategic shifts indicated.
Key Numbers
- $500,000 — CFO Base Salary (John Sullivan's starting annual base salary.)
- 100% — CFO Target Bonus (John Sullivan's target annual bonus as a percentage of his base salary.)
Key Players & Entities
- Atkore Inc. (company) — Registrant
- John L. Sullivan (person) — Appointed Chief Financial Officer
- August 5, 2024 (date) — Effective date of John Sullivan's appointment
- David L. Johnson (person) — Outgoing Chief Financial Officer
- September 30, 2024 (date) — David Johnson's retirement date
- $500,000 (dollar_amount) — John Sullivan's base salary
FAQ
Who is the new Chief Financial Officer of Atkore Inc.?
John L. Sullivan has been appointed as the new Chief Financial Officer of Atkore Inc.
When does John L. Sullivan's appointment as CFO become effective?
John L. Sullivan's appointment as CFO is effective August 5, 2024.
What is John L. Sullivan's starting base salary?
John L. Sullivan's starting base salary is $500,000 per year.
What will David L. Johnson's role be after stepping down as CFO?
David L. Johnson will transition to a senior advisor role until his retirement on September 30, 2024.
What is the target annual bonus for the new CFO?
The target annual bonus for the new CFO, John L. Sullivan, is 100% of his base salary.
Filing Stats: 1,265 words · 5 min read · ~4 pages · Grade level 10.5 · Accepted 2024-07-23 17:01:29
Key Financial Figures
- $475,000 — CFO. Mr. Deitzer's base salary will be $475,000 per year, and his bonus eligible target
- $250,000 — sas. Mr. Alvey's base compensation is $250,000 per year, and he will receive an equity
Filing Documents
- atkr-20240723.htm (8-K) — 28KB
- ex991item502.htm (EX-99) — 8KB
- atkr-20240723_g1.gif (GRAPHIC) — 13KB
- 0001666138-24-000062.txt ( ) — 196KB
- atkr-20240723.xsd (EX-101.SCH) — 2KB
- atkr-20240723_lab.xml (EX-101.LAB) — 21KB
- atkr-20240723_pre.xml (EX-101.PRE) — 12KB
- atkr-20240723_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure On July 23, 2024, the Company issued a press release regarding the foregoing matters. The Company's press release is being furnished as Exhibit 99.1 and is incorporated herein by reference. In accordance with General Instruction B.2 of Form 8-K, the information in this Item 7.01 of this Current Report on Form 8-K shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Securities Exchange Act"), or otherwise subject to the limitations of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act, except as shall be expressly set forth by specific reference in such a filing by the Company with the Securities and Exchange Commission.
01. Financial Statements and Exhibits.*
Item 9.01. Financial Statements and Exhibits.* Exhibit No. Description of Exhibit 99.1 Press Release, dated July 23, 2024. 104 Inline XBRL for the cover page of this Current Report on Form 8-K * In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including attachments hereto, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 ("Exchange Act"), as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
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. ATKORE INC. By: /s/ Daniel S. Kelly Daniel S. Kelly Vice President, General Counsel and Secretary Date: July 23, 2024