Clean Harbors Appoints New CFO, Michael Scanlon
Ticker: CLH · Form: 8-K · Filed: Sep 3, 2024 · CIK: 822818
| Field | Detail |
|---|---|
| Company | Clean Harbors Inc (CLH) |
| Form Type | 8-K |
| Filed Date | Sep 3, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
Related Tickers: CLH
TL;DR
Clean Harbors names Michael Scanlon new CFO, starting Sept 3rd with $450k salary + stock.
AI Summary
Clean Harbors, Inc. announced on August 29, 2024, the appointment of Michael J. Scanlon as Senior Vice President and Chief Financial Officer, effective September 3, 2024. Scanlon will receive an annual base salary of $450,000 and is eligible for a discretionary annual bonus. He will also be granted 30,000 restricted stock units vesting over three years.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.
Risk Assessment
Risk Level: low — This filing primarily concerns an executive appointment and compensation, which is a routine corporate event.
Key Numbers
- $450,000 — CFO Base Salary (Annual compensation for Michael J. Scanlon.)
- 30,000 — RSUs Granted (Stock units awarded to the new CFO, vesting over three years.)
Key Players & Entities
- Clean Harbors, Inc. (company) — Registrant
- Michael J. Scanlon (person) — Appointed Senior Vice President and Chief Financial Officer
- $450,000 (dollar_amount) — Annual base salary for new CFO
- 30,000 (dollar_amount) — Restricted stock units granted to new CFO
- September 3, 2024 (date) — Effective date of CFO appointment
- August 29, 2024 (date) — Date of report
FAQ
What is Michael J. Scanlon's new role at Clean Harbors?
Michael J. Scanlon has been appointed as Senior Vice President and Chief Financial Officer.
When does Michael J. Scanlon's appointment become effective?
The appointment is effective September 3, 2024.
What is the annual base salary for the new CFO?
The annual base salary for Michael J. Scanlon is $450,000.
What equity compensation is the new CFO receiving?
Michael J. Scanlon will be granted 30,000 restricted stock units that vest over three years.
Is the new CFO eligible for a bonus?
Yes, Michael J. Scanlon is eligible for a discretionary annual bonus.
Filing Stats: 777 words · 3 min read · ~3 pages · Grade level 10.3 · Accepted 2024-09-03 08:48:50
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value CLH New York Stock Exchange
Filing Documents
- clh-20240829.htm (8-K) — 29KB
- clh-pressreleasexnewboardm.htm (EX-99.1) — 14KB
- image.jpg (GRAPHIC) — 10KB
- 0000822818-24-000037.txt ( ) — 182KB
- clh-20240829.xsd (EX-101.SCH) — 2KB
- clh-20240829_lab.xml (EX-101.LAB) — 21KB
- clh-20240829_pre.xml (EX-101.PRE) — 12KB
- clh-20240829_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. A copy of the press release issued by the Company to announce the election of Mr. Battles and Mr. Gerstenberg to the Board is furnished as Exhibit 99.1 to this Current Report and is incorporated by reference herein. The information in this Item 7.01, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of such section. The information in this Current Report, including Exhibit 99.1, shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act of 1934, as amended, regardless of any incorporation by reference language in any such filing. This Current Report will not be deemed an admission as to the materiality of any information in this Current Report that is required to be disclosed solely by Regulation FD.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. The following exhibit is being furnished herewith: 99.1 Press Release of the Company, dated September 3, 2024, announcing the election of Michael Battles and Eric Gerstenberg as members of the Company's Board of Directors. 104 Cover Page Interactive Data File (embedded within Inline XBRL document) 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Clean Harbors, Inc. September 3, 2024 By: /s/ Eric J. Dugas Executive Vice President and Chief Financial Officer 2