CoreCivic Announces Executive and Board Changes
Ticker: CXW · Form: 8-K · Filed: Dec 16, 2024 · CIK: 1070985
| Field | Detail |
|---|---|
| Company | Corecivic, INC. (CXW) |
| Form Type | 8-K |
| Filed Date | Dec 16, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-changes, board-changes, leadership-transition
TL;DR
CoreCivic CEO stepping down Jan 1, 2025; 3 new directors appointed.
AI Summary
CoreCivic, Inc. announced on December 12, 2024, a series of executive and board changes. These include the appointment of Damon T. Hininger as Chief Executive Officer, effective January 1, 2025, and the election of three new directors to its Board of Directors: David M. Fann, David L. Goetz, and Robert L. W. Smith. The company also disclosed compensatory arrangements for certain officers.
Why It Matters
This filing indicates significant leadership transitions and board refreshment at CoreCivic, which could signal strategic shifts or a new direction for the company.
Risk Assessment
Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and operational direction.
Key Players & Entities
- CoreCivic, Inc. (company) — Registrant
- Damon T. Hininger (person) — Appointed Chief Executive Officer
- David M. Fann (person) — Elected Director
- David L. Goetz (person) — Elected Director
- Robert L. W. Smith (person) — Elected Director
- December 12, 2024 (date) — Date of earliest event reported
- January 1, 2025 (date) — Effective date for new CEO
FAQ
Who is the new Chief Executive Officer of CoreCivic and when does their appointment become effective?
Damon T. Hininger has been appointed as the new Chief Executive Officer, effective January 1, 2025.
How many new directors were elected to CoreCivic's Board of Directors?
Three new directors were elected to the Board of Directors.
What are the names of the newly elected directors?
The newly elected directors are David M. Fann, David L. Goetz, and Robert L. W. Smith.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is December 12, 2024.
Besides executive and director changes, what other item is CoreCivic reporting in this 8-K?
CoreCivic is also reporting on compensatory arrangements of certain officers.
Filing Stats: 1,021 words · 4 min read · ~3 pages · Grade level 11.1 · Accepted 2024-12-16 07:15:58
Filing Documents
- d833554d8k.htm (8-K) — 29KB
- d833554dex991.htm (EX-99.1) — 9KB
- g833554g1213071517455.jpg (GRAPHIC) — 4KB
- 0001193125-24-279019.txt ( ) — 165KB
- cxw-20241212.xsd (EX-101.SCH) — 3KB
- cxw-20241212_lab.xml (EX-101.LAB) — 17KB
- cxw-20241212_pre.xml (EX-101.PRE) — 11KB
- d833554d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. 99.1 Press Release, dated December 16, 2024. 104 Cover Page Interactive Data File. The cover page XBRL tags are embedded within the inline XBRL document (contained in Exhibit 101). SIGNATURE 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. Date: December 16, 2024 CORECIVIC, INC. By: /s/ David Garfinkle David Garfinkle Executive Vice President and Chief Financial Officer