Carpenter Technology Corp DEF 14A Filing

Ticker: CRS · Form: DEF 14A · Filed: Sep 13, 2024 · CIK: 17843

Carpenter Technology CORP DEF 14A Filing Summary
FieldDetail
CompanyCarpenter Technology CORP (CRS)
Form TypeDEF 14A
Filed DateSep 13, 2024
Risk Levelmedium
Pages14
Reading Time17 min
Key Dollar Amounts$400 million
Sentimentneutral

Sentiment: neutral

Topics: proxy-statement, executive-compensation, governance

TL;DR

CARP DEF 14A out: exec comp, stock awards, pension details for FY24. Check it.

AI Summary

Carpenter Technology Corp filed its DEF 14A on September 13, 2024, for the fiscal year ending June 30, 2024. The filing details executive compensation, stock and option awards, and changes in the fair value of these awards for the fiscal years 2020-2023. It also includes information on pension plans and accumulated benefits.

Why It Matters

This filing provides crucial details on executive compensation and equity awards, which can influence investor decisions and indicate management's confidence in the company's future performance.

Risk Assessment

Risk Level: medium — DEF 14A filings are routine disclosures of executive compensation and corporate governance, but can reveal potential risks related to pay practices or shareholder proposals.

Key Numbers

Key Players & Entities

FAQ

What is the primary purpose of a DEF 14A filing?

A DEF 14A filing, also known as a Proxy Statement, is used to solicit shareholder votes on important corporate matters, such as the election of directors and executive compensation.

When was this DEF 14A filing submitted by Carpenter Technology Corp?

Carpenter Technology Corp filed this DEF 14A on September 13, 2024.

What fiscal year does this DEF 14A filing primarily cover?

This DEF 14A filing is for the fiscal year ending October 7, 2024, but includes compensation data and details for prior fiscal years, notably up to June 30, 2024.

What specific financial data related to compensation is detailed in the filing?

The filing details stock and option awards, changes in their fair value, forfeitures, and information on pension plans and accumulated benefits for covered fiscal years.

What is the SIC code for Carpenter Technology Corp?

The Standard Industrial Classification (SIC) code for Carpenter Technology Corp is 3312, which corresponds to Steel Works, Blast Furnaces and Rolling Mills (Coke Ovens).

Filing Stats: 4,230 words · 17 min read · ~14 pages · Grade level 15.8 · Accepted 2024-09-13 16:32:44

Key Financial Figures

Filing Documents

Security Ownership of Principal Beneficial Owners

Security Ownership of Principal Beneficial Owners 29 Directors, Nominees and Management Stock Ownership 30 Director Compensation 32 Fiscal Year 2024 Director Compensation Table 34 Proposal No. 2 – Ratification of Appointment of Independent Registered Public Accounting Firm 35 Audit/Finance Committee Report 37 Proposal No. 3 – Advisory Vote to Approve the Compensation of Our Named Executive Officers 39 Human Capital Management Committee Report 40 Compensation Discussion and Analysis (Table of Contents) 42

Executive Compensation (Table of Contents)

Executive Compensation (Table of Contents) 64 General Information 85 Why We Solicit Proxies 85 Method and Cost of Solicitation 85 Who Can Vote 85 How to Vote 85 Broker Non-Votes and Abstentions 86 Quorum and Required Votes 87 If You Change Your Mind After Voting 87 Stockholder Nominations to the Board of Directors 87 2025 Stockholder Proposals 87 Householding of Proxy Materials 88 Where You Can Find More Information 88 Other Matters 88 Appendix: Reconciliation of GAAP and Non-GAAP Financial Measures 89 Forward-Looking Statements: This Proxy Statement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Words such as "guidance," "believe," "expect," "anticipate," "project" and similar expressions may identify forward-looking statements. Please read these forward-looking statements in conjunction with our Annual Report on Form 10-K, which identifies factors that could cause future results to differ materially from forward-looking statements, expectations, and assumptions expressed or implied in this Proxy Statement. Website References: No websites that are cited or referred to in this Proxy Statement shall be deemed to form a part of, or to be incorporated by reference into, this Proxy Statement or any of our filings with the Securities and Exchange Commission. CARPENTER TECHNOLOGY 2024 PROXY STATEMENT Table of Contents Proxy Summary Annual Meeting of Stockholders Meeting Date: October 7, 2024 Time: 11:00 a.m. Held Virtually at: www.virtualshareholder meeting.com/CRS2024 Record Date: August 8, 2024 This summary gives you an overview of selected information in this year's proxy. Please read the entire proxy before voting. Agenda and Voting Matters Proposal Board Recommendation Page Reference 1. Electi

View Full Filing

View this DEF 14A filing on SEC EDGAR

View on Read The Filing