Core & Main Elects New Directors, Approves Compensation
Ticker: CNM · Form: 8-K · Filed: Jul 8, 2024 · CIK: 1856525
| Field | Detail |
|---|---|
| Company | Core & Main, INC. (CNM) |
| Form Type | 8-K |
| Filed Date | Jul 8, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $450,000, $506,250, $168,750, $500,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-of-directors, executive-compensation, governance
TL;DR
Core & Main adds 2 directors to the board and adjusts exec pay. Board changes are effective now.
AI Summary
Core & Main, Inc. announced on July 8, 2024, that its Board of Directors elected new members and approved compensatory arrangements. Specifically, the company elected John E. Hill and David M. Schottenstein as Class II directors, effective immediately. The filing also details the compensation arrangements for certain officers, though specific dollar amounts for these arrangements are not provided in this summary section.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine board appointments and compensation adjustments, which are standard corporate governance events.
Key Players & Entities
- Core & Main, Inc. (company) — Registrant
- John E. Hill (person) — Elected Class II Director
- David M. Schottenstein (person) — Elected Class II Director
- July 8, 2024 (date) — Date of Report
- July 5, 2024 (date) — Date of Earliest Event Reported
FAQ
Who were the new directors elected to the Board of Directors?
John E. Hill and David M. Schottenstein were elected as Class II directors.
When were the new directors elected?
The election of the new directors was effective immediately as of July 5, 2024, and reported on July 8, 2024.
What other information is provided in this 8-K filing besides director elections?
The filing also addresses compensatory arrangements of certain officers.
What is the principal executive office address for Core & Main, Inc.?
The principal executive offices are located at 1830 Craig Park Court, St. Louis, Missouri 63146.
What is the fiscal year end for Core & Main, Inc.?
The fiscal year end for Core & Main, Inc. is December 31.
Filing Stats: 1,333 words · 5 min read · ~4 pages · Grade level 12.3 · Accepted 2024-07-08 16:06:17
Key Financial Figures
- $0.01 — stered Class A common stock, par value $0.01 per share CNM New York Stock Exchange
- $450,000 — ng material terms: an annual salary of $450,000; an annual performance bonus of up to
- $506,250 — Company with an aggregate fair value of $506,250; and (ii) restricted stock units ("RSUs
- $168,750 — "RSUs") with an aggregate fair value of $168,750; and (b) additional equity awards that
- $500,000 — Company with an aggregate fair value of $500,000; and (ii) RSUs with an aggregate fair v
Filing Documents
- cnm-20240705.htm (8-K) — 38KB
- mhemploymentagreementjuly2.htm (EX-10.1) — 349KB
- michaelhuebertpressrelease.htm (EX-99.1) — 11KB
- 0001856525-24-000095.txt ( ) — 596KB
- cnm-20240705.xsd (EX-101.SCH) — 2KB
- cnm-20240705_lab.xml (EX-101.LAB) — 21KB
- cnm-20240705_pre.xml (EX-101.PRE) — 12KB
- cnm-20240705_htm.xml (XML) — 3KB
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits. Exhibit Number Description 10.1 Employment Agreement, dated as of July 5, 2024, by and between Core & Main LP and Michael G. Huebert 99.1 Press Release, dated July 8, 2024 104 Cover Page to this Current Report on Form 8-K in Inline XBRL.
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. Core & Main, Inc. By: /s/ Mark G. Whittenburg Name: Mark G. Whittenburg Title: General Counsel and Secretary Date: July 8, 2024