HEXCEL CORP Files 8-K: Officer/Director Changes, Comp Arrangements

TL;DR

**HXL filed an 8-K about officer changes and compensation, keep an eye on leadership.**

AI Summary

HEXCEL CORPORATION filed an 8-K on January 5, 2024, reporting an event that occurred on January 2, 2024. This filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits'. While specific names or dollar amounts are not detailed in this summary, the filing signals potential shifts in leadership or executive compensation. For investors, this matters because changes in key personnel or their compensation structures can impact company strategy, performance, and ultimately, stock value.

Why It Matters

Changes in executive leadership or compensation can signal strategic shifts or financial health, directly influencing investor confidence and the company's future direction.

Risk Assessment

Risk Level: medium — The filing indicates potential changes in leadership or compensation, which can introduce uncertainty regarding future company strategy and performance.

Analyst Insight

Investors should monitor HEXCEL CORPORATION's future filings and announcements for specific details regarding the reported changes in officers, directors, and compensatory arrangements, as these could impact the company's strategic direction and financial outlook.

Key Numbers

• $0.01 — par value per share (par value of HEXCEL CORPORATION Common Stock)

Key Players & Entities

• HEXCEL CORPORATION (company) — registrant filing the 8-K
• January 5, 2024 (date) — date of 8-K filing
• January 2, 2024 (date) — date of earliest event reported
• Delaware (company) — state of incorporation for HEXCEL CORPORATION
• 001-8472 (dollar_amount) — Commission File Number
• 94-1109521 (dollar_amount) — I.R.S. Employer Identification No.
• Two Stamford Plaza, 281 Tresser Boulevard, Stamford, Connecticut 06901-3238 (company) — address of principal executive offices
• 203-969-0666 (dollar_amount) — registrant's telephone number
• Common Stock, par value $0.01 (company) — title of class of securities registered
• HXL (company) — trading symbol on New York Stock Exchange

Forward-Looking Statements

• HEXCEL CORPORATION will provide more specific details regarding the changes in officers or directors and their compensatory arrangements in a subsequent filing or announcement. (HEXCEL CORPORATION) — high confidence, target: Q1 2024

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 HXL New York Stock Exchange Indicate

Filing Documents

• c107554_8k-ixbrl.htm (8-K) — 26KB
• c107554_ex10-1.htm (EX-10.1) — 16KB
• 0000930413-24-000038.txt ( ) — 184KB
• hxl-20240102.xsd (EX-101.SCH) — 3KB
• hxl-20240102_def.xml (EX-101.DEF) — 11KB
• hxl-20240102_lab.xml (EX-101.LAB) — 20KB
• hxl-20240102_pre.xml (EX-101.PRE) — 11KB
• c107554_8k-ixbrl_htm.xml (XML) — 2KB

02.

Item 5.02. ... Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Appointment of Directors On January 5, 2024, upon the recommendation of the Nominating, Governance and Sustainability Committee of the Board of Directors (the "Board") of Hexcel Corporation (the "Company"), the Board increased the number of members of the Board from 8 to 10 and appointed James J. Cannon and Dr. Patricia Hubbard, effective immediately, to fill the vacancies created by increasing the size of the Board. In addition, effective as of January 5, 2024, Mr. Cannon has been named to the Compensation Committee of the Board and Dr. Hubbard has been named to the Nominating, Governance and Sustainability Committee of the Board. Mr. Cannon, age 52, is the President and Chief Executive Officer of AM General, a heavy vehicle and contract automotive manufacturer, a position he has held since September 2021. Prior to joining AM General, Mr. Cannon served as Chief Executive Officer of FLIR Systems Inc. (now known as Teledyne FLIR LLC) prior to its acquisition by Teledyne Technologies, which specializes in the design and production of thermal imaging cameras and sensors, from June 2017 through June 2021. Prior to FLIR Systems, Mr. Cannon spent over 16 years at Stanley Black & Decker, Inc. where he held various leadership roles most recently serving as President, Stanley Security for North America and Emerging Markets. Mr. Cannon served on the boards of directors of FLIR Systems from June 2017 to June 2021 and Lydall, Inc. from April 2017 to June 2021, where he served on the compensation and nominating and governance committees. Mr. Cannon also served in the U.S. Army for ten years as an Infantryman and Armor Officer. Mr. Cannon holds a BA in Business Administration and Marketing from University of Tennessee at Chattanooga. Dr. Hubbard, age 56, is the Senior Vice President and Chief Technology Officer of

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Exhibit Description 10.1 Director Compensation Program, effective December 7, 2023. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

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. HEXCEL CORPORATION Date: January 5, 2024 By: /s/ Gail E. Lehman Gail E. Lehman Executive Vice President, General Counsel & Secretary

View Full Filing

View this 8-K filing on SEC EDGAR