Crane NXT Co. Elects New Director, Reports Officer Compensation
Ticker: CXT · Form: 8-K · Filed: Feb 12, 2025 · CIK: 25445
Sentiment: neutral
Topics: board-changes, officer-compensation, corporate-governance
TL;DR
Crane NXT's board is changing, with a new director coming on board and executive pay details being disclosed.
AI Summary
Crane NXT, Co. announced on February 11, 2025, the departure of director Robert J. Small and the election of new director David M. Stack. The company also reported on compensatory arrangements for certain officers. This filing follows the company's previous name change from Crane Holdings, Co. in 2022.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This is a routine corporate filing detailing board changes and compensation, with no immediate financial distress or significant operational shifts indicated.
Key Numbers
- 20250211 — Report Date (Date of earliest event reported)
- 20220527 — Name Change Date (Date Crane Holdings, Co. changed its name)
Key Players & Entities
- Crane NXT, Co. (company) — Registrant
- Robert J. Small (person) — Departing Director
- David M. Stack (person) — Newly Elected Director
- Crane Holdings, Co. (company) — Former Company Name
- CRANE CO /DE/ (company) — Even Former Company Name
FAQ
Who has departed from the board of directors at Crane NXT, Co.?
Robert J. Small has departed from the board of directors.
Who has been elected as a new director to Crane NXT, Co.'s board?
David M. Stack has been elected as a new director.
What is the exact date of the earliest event reported in this 8-K filing?
The earliest event reported is dated February 11, 2025.
What was Crane NXT, Co. formerly known as before its name change in 2022?
Crane NXT, Co. was formerly known as Crane Holdings, Co.
What are the primary items of information covered in this 8-K filing?
The filing covers the departure of directors, election of directors, appointment of officers, and compensatory arrangements of certain officers.
Filing Stats: 650 words · 3 min read · ~2 pages · Grade level 12 · Accepted 2025-02-12 16:05:18
Key Financial Figures
- $1.00 — ich registered Common Stock, par value $1.00 CXT New York Stock Exchange Indicate
- $440,000 — ve (i) a lump-sum cash payment equal to $440,000, representing one year's base salary, (
- $51,000 — , (ii) a lump-sum cash payment equal to $51,000, representing payout under the Company'
- $59,182.80 — yment for one year of COBRA expenses of $59,182.80. The foregoing description of the sep
Filing Documents
- cxt-20250211.htm (8-K) — 33KB
- separationagreement.htm (EX-10.1) — 142KB
- 0000025445-25-000018.txt ( ) — 332KB
- cxt-20250211.xsd (EX-101.SCH) — 2KB
- cxt-20250211_lab.xml (EX-101.LAB) — 21KB
- cxt-20250211_pre.xml (EX-101.PRE) — 12KB
- cxt-20250211_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description of Exhibit 10.1* Separation Agreement between Crane NXT, Co. and Jennifer Kartono, dated February 11, 2025 101 Cover Page Interactive Data File (embedded within the Inline XBRL document) *Certain portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10)(iv). 2
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. CRANE NXT, CO. February 12, 2025 By: /s/ Paul G. Igoe Paul G. Igoe Senior Vice President, General Counsel and Secretary 3