Donnelley Financial Solutions Appoints New CEO
Ticker: DFIN · Form: 8-K · Filed: Nov 22, 2024 · CIK: 1669811
Sentiment: neutral
Topics: leadership-change, executive-appointment, ceo
Related Tickers: DFIN
TL;DR
DFIN just hired a new CEO, Michael Burke, from Greif Inc. starting Nov 22nd. Big changes might be coming.
AI Summary
On November 19, 2024, Donnelley Financial Solutions, Inc. announced the appointment of Michael J. Burke, Jr. as Chief Executive Officer, effective November 22, 2024. Burke will also join the Board of Directors. He previously served as CEO of Greif, Inc. and will receive an annual base salary of $750,000, along with other compensation and equity awards.
Why It Matters
The appointment of a new CEO often signals a strategic shift or a new direction for the company, which could impact its future performance and stock price.
Risk Assessment
Risk Level: medium — Leadership changes can introduce uncertainty and potential shifts in strategy, impacting investor confidence.
Key Numbers
- $750,000 — CEO Base Salary (Annual compensation for the new CEO, Michael J. Burke, Jr.)
Key Players & Entities
- Donnelley Financial Solutions, Inc. (company) — The company filing the report.
- Michael J. Burke, Jr. (person) — Newly appointed Chief Executive Officer.
- November 19, 2024 (date) — Date of the report and announcement.
- November 22, 2024 (date) — Effective date of the new CEO's appointment.
- Greif, Inc. (company) — Previous employer of the new CEO.
- $750,000 (dollar_amount) — Annual base salary of the new CEO.
FAQ
Who is the new CEO of Donnelley Financial Solutions?
Michael J. Burke, Jr. has been appointed as the new Chief Executive Officer.
When does the new CEO's appointment become effective?
The appointment is effective November 22, 2024.
What was Michael J. Burke, Jr.'s previous role?
He previously served as the Chief Executive Officer of Greif, Inc.
What is the new CEO's annual base salary?
The annual base salary for Michael J. Burke, Jr. is $750,000.
Will the new CEO also join the Board of Directors?
Yes, Michael J. Burke, Jr. will also join the Board of Directors.
Filing Stats: 471 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2024-11-22 07:00:28
Key Financial Figures
- $0.01 — ch registered Common Stock (Par Value $0.01) DFIN NYSE Item 5.02. Departure o
Filing Documents
- dfin-20241119.htm (8-K) — 47KB
- 0000950170-24-129945.txt ( ) — 161KB
- dfin-20241119.xsd (EX-101.SCH) — 29KB
- dfin-20241119_htm.xml (XML) — 4KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits. The following material is filed as an exhibit to this Current Report on Form 8-K: Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNA TURES 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. DONNELLEY FINANCIAL SOLUTIONS, INC. Date: November 22, 2024 By: /s/ DAVID A. GARDELLA David A. Gardella Executive Vice President and Chief Financial Officer