Columbus McKinnon Appoints New CFO, David L. Smith
Ticker: CMCO · Form: 8-K · Filed: Aug 8, 2024 · CIK: 1005229
| Field | Detail |
|---|---|
| Company | Columbus Mckinnon Corp (CMCO) |
| Form Type | 8-K |
| Filed Date | Aug 8, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
Related Tickers: CMCO
TL;DR
CMCO names David L. Smith new CFO starting Aug 12, replacing Rustowicz who moves to SVP. Smith gets $425k base + bonus.
AI Summary
Columbus McKinnon Corporation announced on August 6, 2024, the appointment of David L. Smith as the new Chief Financial Officer, effective August 12, 2024. Smith will succeed current CFO, Gregory L. Rustowicz, who will transition to a Senior Vice President role. Smith's annual base salary will be $425,000, with potential for a target annual bonus of 75% of his base salary.
Why It Matters
The appointment of a new CFO can signal strategic shifts or a focus on financial performance, impacting investor confidence and the company's financial direction.
Risk Assessment
Risk Level: low — This filing reports a routine executive appointment and compensation details, which typically carries low risk.
Key Numbers
- $425,000 — New CFO Base Salary (David L. Smith's annual base compensation.)
- 75% — New CFO Bonus Target (Potential annual bonus for David L. Smith.)
Key Players & Entities
- Columbus McKinnon Corporation (company) — Registrant
- David L. Smith (person) — Appointed Chief Financial Officer
- Gregory L. Rustowicz (person) — Outgoing Chief Financial Officer
- $425,000 (dollar_amount) — David L. Smith's annual base salary
- 75% (dollar_amount) — Target annual bonus percentage for David L. Smith
- August 6, 2024 (date) — Date of report
- August 12, 2024 (date) — Effective date for new CFO
FAQ
Who is the new Chief Financial Officer of Columbus McKinnon Corporation?
David L. Smith has been appointed as the new Chief Financial Officer.
When does David L. Smith's appointment as CFO become effective?
The appointment is effective August 12, 2024.
What is David L. Smith's annual base salary?
David L. Smith's annual base salary is $425,000.
What is the target annual bonus for the new CFO?
The target annual bonus for David L. Smith is 75% of his base salary.
What role will Gregory L. Rustowicz transition to?
Gregory L. Rustowicz will transition to a Senior Vice President role.
Filing Stats: 466 words · 2 min read · ~2 pages · Grade level 12.7 · Accepted 2024-08-08 16:25:00
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value per share CMCO Nasdaq Global
Filing Documents
- cmco-20240806.htm (8-K) — 29KB
- 0001005229-24-000237.txt ( ) — 178KB
- cmco-20240806.xsd (EX-101.SCH) — 2KB
- cmco-20240806_def.xml (EX-101.DEF) — 14KB
- cmco-20240806_lab.xml (EX-101.LAB) — 25KB
- cmco-20240806_pre.xml (EX-101.PRE) — 15KB
- cmco-20240806_htm.xml (XML) — 3KB
01 FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits. EXHIBIT NUMBER DESCRIPTION 104 Cover Page Interactive Data File (the cover page XBRL tags are 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. COLUMBUS McKINNON CORPORATION By: /s/ Alan S. Korman Name: Alan S. Korman Title: SVP General Counsel, Corporate Development, and Corporate Secretary Dated: August 8, 2024