HEXCEL Files 8-K on Feb 19th Event, Details Regulation FD Disclosure
Ticker: HXL · Form: 8-K · Filed: Feb 20, 2024 · CIK: 717605
Sentiment: neutral
Topics: regulation-fd, corporate-filing, other-events
TL;DR
**HEXCEL just dropped an 8-K about a Feb 19th event, likely a Regulation FD disclosure, so keep an eye out for what they're revealing!**
AI Summary
HEXCEL CORPORATION /DE/ filed an 8-K on February 20, 2024, reporting an event that occurred on February 19, 2024. The filing indicates a Regulation FD Disclosure, Other Events, and Financial Statements and Exhibits. The company, incorporated in Delaware with IRS number 94-1109521, is headquartered at Two Stamford Plaza, 281 Tresser Blvd., Stamford, CT 06901.
Why It Matters
This filing signals that HEXCEL CORPORATION /DE/ has disclosed material non-public information, which could impact investors and market perception.
Risk Assessment
Risk Level: medium — The filing mentions 'Regulation FD Disclosure' and 'Other Events' without specifics, indicating potentially significant but undisclosed information.
Key Numbers
- 001-08472 — Commission File Number (SEC filing identifier)
- 203-969-0666 — Business Phone (Registrant's contact number)
Key Players & Entities
- HEXCEL CORP /DE/ (company) — Registrant
- Delaware (company) — State of incorporation
- February 19, 2024 (date) — Date of earliest event reported
- February 20, 2024 (date) — Date of report filing
- 94-1109521 (dollar_amount) — IRS Employer Identification No.
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 19, 2024.
When was this 8-K report filed with the SEC?
This 8-K report was filed with the SEC on February 20, 2024.
What items of information were disclosed in this 8-K?
The 8-K disclosed 'Regulation FD Disclosure', 'Other Events', and 'Financial Statements and Exhibits'.
What is the state of incorporation for HEXCEL CORPORATION?
HEXCEL CORPORATION is incorporated in Delaware.
What is the business address of HEXCEL CORPORATION as listed in the filing?
The business address is Two Stamford Plaza, 281 Tresser Boulevard, Stamford, Connecticut 06901-3238.
Filing Stats: 776 words · 3 min read · ~3 pages · Grade level 11.6 · Accepted 2024-02-20 12:03:58
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 HXL New York Stock Exchange Indicate
- $300 million — ny (the "Board") approved an additional $300 million authorization to purchase shares of its
Filing Documents
- c108253_8k-ixbrl.htm (8-K) — 23KB
- c108253_ex99-1.htm (EX-99.1) — 15KB
- x1_c108253a001.jpg (GRAPHIC) — 11KB
- 0000930413-24-000644.txt ( ) — 194KB
- hxl-20240219.xsd (EX-101.SCH) — 3KB
- hxl-20240219_def.xml (EX-101.DEF) — 11KB
- hxl-20240219_lab.xml (EX-101.LAB) — 20KB
- hxl-20240219_pre.xml (EX-101.PRE) — 11KB
- c108253_8k-ixbrl_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On February 20, 2024, following a previously announced Investor Day conference in New York, New York, which was also webcast live ("Investor Day"), Hexcel Corporation (the "Company") announced its financial outlook for the three-year period 2024 to 2026 and the authorization of an additional share repurchase program. A copy of the press release dated February 20, 2024 is being furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference in its entirety. The Investor Day supporting slide deck and a replay of the webcast is available on the investor relations webpage of the Company's website at www.Hexcel.com. The information contained in this Item 7.01 of this Current Report on Form 8-K (including Exhibit 99.1) shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, except as shall be expressly set forth by specific reference in such a filing. Section 8 – Other Events
01 Other Events
Item 8.01 Other Events. On February 19, 2024, the Board of Directors of the Company (the "Board") approved an additional $300 million authorization to purchase shares of its common stock, $0.01 par value per share (the "Common Stock"), under a new share repurchase program (the "Share Repurchase Program"). This amount is in addition to the amount that currently remains available for repurchases under the prior share repurchase program approved by the Board in May 2018. The purchases of such shares under the Share Repurchase Program are anticipated to be made in open market transactions, block transactions, privately negotiated purchase transactions or other purchase techniques at the discretion of management based upon consideration of market, business, legal, accounting, and other factors. In addition, the Company may establish one or more trading plans pursuant to Rule 10b5-1 under the Exchange Act, or enter into arrangements with brokers or other third parties for accelerated purchases of Common Stock. There is no guarantee as to the exact number of shares of Common Stock that the Company may repurchase under the Share Purchase Program. Section 9 – Financial Statements and Exhibits
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Exhibit Description 99.1 Press Release, dated February 20, 2024. 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: February 20, 2024 By: /s/ Gail E. Lehman Gail E. Lehman Executive Vice President, General Counsel & Secretary