Celestica Inc. Reports Executive and Director Changes
Ticker: CLS · Form: 8-K · Filed: Jan 2, 2025 · CIK: 1030894
| Field | Detail |
|---|---|
| Company | Celestica Inc (CLS) |
| Form Type | 8-K |
| Filed Date | Jan 2, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-changes, board-changes, governance
TL;DR
Celestica shakes up exec team and board on Jan 1st.
AI Summary
Celestica Inc. announced on January 1, 2025, changes in its executive team and board of directors. Specifically, the company reported the departure of certain officers and directors, alongside the election of new directors and the appointment of new officers. The filing also includes information on compensatory arrangements for certain officers.
Why It Matters
Changes in executive leadership and board composition can signal shifts in company strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance changes and does not indicate any immediate financial distress or significant operational disruption.
Key Players & Entities
- Celestica Inc. (company) — Registrant
- January 1, 2025 (date) — Date of earliest event reported
- Ontario (jurisdiction) — State or other jurisdiction of incorporation
- 416-448-5800 (phone_number) — Registrant's Telephone Number
FAQ
What specific roles have been affected by the departures and appointments?
The filing indicates departures of "certain officers" and "certain officers" and the election of "Directors" and appointment of "Certain Officers," but does not specify individual names or exact roles in this section.
When did these changes take effect?
The earliest event reported in this filing is dated January 1, 2025.
Are there any details on new compensation arrangements?
Yes, the filing mentions "Compensatory Arrangements of Certain Officers" as an item being reported.
What is Celestica Inc.'s primary business?
Celestica Inc. is in the business of PRINTED CIRCUIT BOARDS, with a Standard Industrial Classification code of [3672].
Where is Celestica Inc. headquartered?
Celestica Inc. is headquartered at 5140 Yonge Street, Suite 1900, Toronto, Ontario, Canada M2N 6L7.
Filing Stats: 594 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2025-01-02 09:24:18
Filing Documents
- tm2432354d1_8k.htm (8-K) — 30KB
- tm2432354d1_ex99-1.htm (EX-99.1) — 7KB
- tm2432354d1_ex99-1img001.jpg (GRAPHIC) — 3KB
- 0001104659-25-000168.txt ( ) — 215KB
- cls-20250101.xsd (EX-101.SCH) — 3KB
- cls-20250101_lab.xml (EX-101.LAB) — 33KB
- cls-20250101_pre.xml (EX-101.PRE) — 22KB
- tm2432354d1_8k_htm.xml (XML) — 4KB
02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. The Board of Directors (the "Board") of Celestica Inc. (the "Company") appointed Mr. Amar Maletira as a member of the Board, effective January 1, 2025. A copy of the press release announcing the appointment is attached as Exhibit 99.1 to this report. The Board has determined that Mr. Maletira qualifies as an independent director under Canadian securities laws and NYSE listing standards. Mr. Maletira has been appointed to the Company's Audit Committee, Human Resources and Compensation Committee and Nominating and Corporate Governance Committee. He will be compensated in accordance with the director compensation guidelines and principles applicable to the Board. Mr. Maletira has over 25 years of broad public company business, strategic and finance leadership in numerous enterprise technology industries, including holding various senior executive positions with Rackspace Technology, VIAVI Solutions, Inc., Hewlett-Packard (HP), Siemens and HCL-Picker. Mr. Maletira is currently the Chief Executive Officer and a director of Rackspace Technology. There are no arrangements or understandings between Mr. Maletira and any other person pursuant to which Mr. Maletira was selected as a director, and there are no transactions in which the Company is a participant and in which Mr. Maletira has a material interest subject to disclosure under Item 404(a) of Regulation S-K.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. Exhibit No. Description 99.1 Press Release of the Company dated January 2, 2025 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. Celestica Inc. Date: January 2, 2025 By: /s/ Douglas Parker Name: Douglas Parker Title: Chief Legal Officer and Corporate Secretary