Cooper-Standard 8-K: Officer Changes & Comp Arrangements
Ticker: CPS · Form: 8-K · Filed: Feb 12, 2024 · CIK: 1320461
Complexity: simple
Sentiment: neutral
Topics: executive-changes, compensation, corporate-governance
TL;DR
**Cooper-Standard filed an 8-K on Feb 12 detailing executive changes and compensation.**
AI Summary
Cooper-Standard Holdings Inc. filed an 8-K on February 12, 2024, to report on the departure or election of certain officers and directors, as well as compensatory arrangements for officers. The filing also included Regulation FD Disclosure and Financial Statements and Exhibits. This matters to investors because changes in leadership and executive compensation can signal shifts in company strategy or financial health, potentially impacting future stock performance.
Why It Matters
Changes in executive leadership and compensation structures can directly influence a company's strategic direction and operational efficiency, which are key drivers of long-term stock value.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of corporate governance matters and does not inherently indicate significant financial risk.
Analyst Insight
A smart investor would monitor subsequent filings, such as proxy statements, to understand the specifics of the compensatory arrangements and any new leadership roles, as these details could influence future company performance and strategy.
Key Numbers
- $0.001 — par value per share (for Cooper-Standard's Common Stock)
Key Players & Entities
- Cooper-Standard Holdings Inc. (company) — the registrant filing the 8-K
- New York Stock Exchange (company) — where Cooper-Standard's Common Stock and Preferred Stock Purchase Rights are registered
- $0.001 (dollar_amount) — par value per share of Common Stock
- February 12, 2024 (date) — date of earliest event reported and filing date
Forward-Looking Statements
- The changes in officer compensatory arrangements will be detailed in future proxy statements. (Cooper-Standard Holdings Inc.) — high confidence, target: 2024-04-30
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 12, 2024, as stated in the 'Date of Report (Date of earliest event reported)' section.
What specific items were disclosed in this 8-K filing by Cooper-Standard Holdings Inc.?
The 8-K filing disclosed 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers', 'Regulation FD Disclosure', and 'Financial Statements and Exhibits' under the ITEM INFORMATION section.
What is the par value of Cooper-Standard Holdings Inc.'s Common Stock?
The par value of Cooper-Standard Holdings Inc.'s Common Stock is $0.001 per share, as indicated in the 'Title of each class' section for securities registered pursuant to Section 12(b) of the Act.
On which exchange are Cooper-Standard Holdings Inc.'s securities registered?
Cooper-Standard Holdings Inc.'s Common Stock and Preferred Stock Purchase Rights are registered on the New York Stock Exchange, according to the 'Name of each exchange on which registered' column.
What is the business address and phone number of Cooper-Standard Holdings Inc.?
The business address for Cooper-Standard Holdings Inc. is 40300 Traditions Drive, Northville, Michigan 48168, and their telephone number is (248) 596-5900, as listed in the 'BUSINESS ADDRESS' and 'Registrant’s telephone number' sections.
Filing Stats: 748 words · 3 min read · ~2 pages · Grade level 11.2 · Accepted 2024-02-12 11:47:25
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share CPS New York Stock Exchange
- $265,000 — an annualized base salary increase from $265,000 to $312,000; (ii) an Annual Incentive A
- $312,000 — d base salary increase from $265,000 to $312,000; (ii) an Annual Incentive Award 2024 ta
- $120,000 — increase for the 2024-2026 period from $120,000 to $140,000. There is no family relatio
- $140,000 — r the 2024-2026 period from $120,000 to $140,000. There is no family relationship betwee
Filing Documents
- cps-20240212.htm (8-K) — 32KB
- exhbit99pranuddcao.htm (EX-99) — 9KB
- image_0a.jpg (GRAPHIC) — 82KB
- 0001320461-24-000007.txt ( ) — 319KB
- cps-20240212.xsd (EX-101.SCH) — 2KB
- cps-20240212_def.xml (EX-101.DEF) — 7KB
- cps-20240212_lab.xml (EX-101.LAB) — 30KB
- cps-20240212_pre.xml (EX-101.PRE) — 18KB
- cps-20240212_htm.xml (XML) — 4KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On February 12, 2024 , the Company issued a press release to announce the appointment of Ms. Nudd as Vice President, Chief Accounting Officer . The full text of the press release is furnished as Exhibit 99 hereto and incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. The following exhibits are furnished pursuant to Item 9.01 of Form 8-K: Exhibit 99 Press release dated February 12, 2024. Exhibit 104 The cover page of this Current Report on Form 8-K, formatted 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. Cooper-Standard Holdings Inc. /S/ MARYANN PETERSON KANARY Name: MaryAnn Peterson Kanary Title: Senior Vice President, Chief Legal Officer and Secretary Date: February 12, 2024