Celestica Inc. Reports Board and Executive Compensation Changes
Ticker: CLS · Form: 8-K · Filed: Jan 22, 2025 · CIK: 1030894
| Field | Detail |
|---|---|
| Company | Celestica Inc (CLS) |
| Form Type | 8-K |
| Filed Date | Jan 22, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
TL;DR
Celestica's board is changing, and exec pay is getting updated.
AI Summary
Celestica Inc. announced on January 21, 2025, changes in its board of directors and executive compensation arrangements. The filing details the departure of certain directors and the election of new ones, alongside updates to the compensatory arrangements for its officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance expectations.
Risk Assessment
Risk Level: low — This filing primarily concerns corporate governance and executive compensation, which typically have a low direct impact on immediate financial risk.
Key Players & Entities
- Celestica Inc. (company) — Registrant
- January 21, 2025 (date) — Date of earliest event reported
- 416-448-5800 (phone_number) — Business phone number
FAQ
What specific changes were made to the board of directors?
The filing indicates the departure of certain directors and the election of new directors, but the specific names and number of individuals involved are not detailed in this excerpt.
What are the key updates regarding executive compensation?
The filing mentions updates to the compensatory arrangements of certain officers, but the specific details of these arrangements are not provided in this excerpt.
When was the earliest event reported in this Form 8-K?
The earliest event reported was on January 21, 2025.
What is Celestica Inc.'s principal executive office address?
Celestica Inc.'s principal executive offices are located at 5140 Yonge Street, Suite 1900, Toronto, Ontario, Canada M2N 6L7.
Under which section of the Securities Exchange Act of 1934 is this report filed?
This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 483 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2025-01-22 08:00:30
Filing Documents
- tm254047d1_8k.htm (8-K) — 28KB
- 0001104659-25-005070.txt ( ) — 198KB
- cls-20250121.xsd (EX-101.SCH) — 3KB
- cls-20250121_lab.xml (EX-101.LAB) — 33KB
- cls-20250121_pre.xml (EX-101.PRE) — 22KB
- tm254047d1_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. (b) On January 21, 2025, Laurette T. Koellner, Chair of the Audit Committee of the Board of Directors (the "Board") of Celestica Inc. (the "Company"), informed the Company that she will resign as Chair of the Audit Committee and a member of the Board, effective as of January 31, 2025. Ms. Koellner's decision to resign was based on personal reasons and was not due to any disagreement with the Company on any matter relating to its operations, policies or practices. The Company has initiated a search to replace Ms. Koellner with a new director who meets its Board skill requirements and Diversity Policy.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and 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. Celestica Inc. Date: January 22, 2025 By: /s/ Douglas Parker Name: Douglas Parker Title: Chief Legal Officer and Corporate Secretary