Hexcel Corp (HXL) Files 8-K on Executive Compensation
Ticker: HXL · Form: 8-K · Filed: Dec 5, 2024 · CIK: 717605
Sentiment: neutral
Topics: executive-compensation, corporate-governance, filing
Related Tickers: HXL
TL;DR
HXL filed an 8-K on exec comp changes - keep an eye on leadership incentives.
AI Summary
On December 5, 2024, Hexcel Corporation filed an 8-K report detailing changes in its executive compensation arrangements. The filing specifically addresses the compensatory arrangements for certain officers, indicating potential adjustments or new agreements related to their pay. The report was filed as of November 30, 2024.
Why It Matters
Changes in executive compensation can signal shifts in company strategy, performance expectations, or leadership stability, which are important for investors to monitor.
Risk Assessment
Risk Level: medium — Executive compensation changes can sometimes precede or reflect significant company events, requiring investor attention.
Key Players & Entities
- HEXCEL CORP /DE/ (company) — Registrant
- December 5, 2024 (date) — Filing Date
- November 30, 2024 (date) — Report Date
- Delaware (jurisdiction) — State of Incorporation
- 001-08472 (company_id) — SEC File Number
- 94-1109521 (company_id) — IRS Number
- Two Stamford Plaza (address) — Principal Executive Offices
- 281 Tresser Blvd., 16th Floor (address) — Principal Executive Offices
- Stamford (city) — Principal Executive Offices
- CT (state) — Principal Executive Offices
FAQ
What specific items are being reported under the 8-K filing?
The filing reports on the Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; and Compensatory Arrangements of Certain Officers, as well as Financial Statements and Exhibits.
What is the exact date of the earliest event reported in this 8-K?
The date of the earliest event reported is November 30, 2024.
What is Hexcel Corporation's state of incorporation and IRS Employer Identification Number?
Hexcel Corporation is incorporated in Delaware and its IRS Employer Identification Number is 94-1109521.
Where are Hexcel Corporation's principal executive offices located?
Hexcel Corporation's principal executive offices are located at Two Stamford Plaza, 281 Tresser Boulevard, Stamford, Connecticut 06901-3238.
What is the SEC file number for Hexcel Corporation?
The SEC file number for Hexcel Corporation is 001-08472.
Filing Stats: 960 words · 4 min read · ~3 pages · Grade level 11 · Accepted 2024-12-05 16:16:00
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 HXL New York Stock Exchange Indicate
Filing Documents
- c110630_8k-ixbrl.htm (8-K) — 25KB
- c110630_ex10-1.htm (EX-10.1) — 16KB
- 0000930413-24-003271.txt ( ) — 169KB
- hxl-20241205.xsd (EX-101.SCH) — 3KB
- hxl-20241205_lab.xml (EX-101.LAB) — 20KB
- hxl-20241205_pre.xml (EX-101.PRE) — 11KB
- c110630_8k-ixbrl_htm.xml (XML) — 3KB
02.
Item 5.02. ... Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Board Chair Transition Hexcel Corporation (the "Company") previously announced, effective May 1, 2024, the transition of Nick L. Stanage from his position as President and Chief Executive Officer of the Company and Chairman of the Company's Board of Directors (the "Board") to the position of Executive Chairman of the Board ("Executive Chairman"), and the appointment of Thomas C. Gentile III as Chief Executive Officer and President of the Company. The Company also previously announced, effective May 2, 2024, the appointment of Mr. Gentile as a member of the Board. On November 30, 2024, Mr. Stanage retired from employment with the Company. Effective November 30, 2024, the Board approved the continued appointment of Mr. Stanage as a non-employee member of the Board. The Board also approved, effective December 5, 2024, Mr. Stanage's removal as Chairman of the Board and the appointment of Mr. Gentile to serve as Chairman of the Board. The Board continues to maintain a lead independent director role, which is currently held by Jeffrey C. Campbell. Appointment of Director On December 5, 2024, upon the recommendation of the Nominating, Governance and Sustainability Committee of the Board, the Board, effective January 1, 2025, increased the number of members of the Board from 9 to 10 and appointed David Li to fill the vacancy created by increasing the size of the Board. Mr. Li, age 52, served as Chief Executive Officer, President, and a member of the board of CMC Materials (formerly Cabot Microelectronics), a global supplier of specialty materials focused on the semiconductor and energy industries, from January 2015 to January 2022. Previously, Mr. Li held the role of Vice President Asia Pacific Region from 2006 to 2015 at CMC Materials. Between 1997 and 2006, he served at CMC Materials in a variety of seni
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Exhibit Description 10.1 Director Compensation Program, effective May 2, 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 Dated: December 5, 2024 By: /s/ Gail E. Lehman Name: Gail E. Lehman Title: Executive Vice President, General Counsel and Secretary