Kennametal Inc. Files 8-K on Director and Officer Changes
Ticker: KMT · Form: 8-K · Filed: Jan 15, 2025 · CIK: 55242
| Field | Detail |
|---|---|
| Company | Kennametal Inc (KMT) |
| Form Type | 8-K |
| Filed Date | Jan 15, 2025 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 5 min |
| Key Dollar Amounts | $1.25, $425,000, $530,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, executive-compensation, board-of-directors
TL;DR
Kennametal's board and exec comp are changing, watch for leadership shifts.
AI Summary
On January 13, 2025, Kennametal Inc. filed an 8-K report detailing changes in its board of directors and executive compensation. The filing includes information regarding the departure of certain officers and the election of new directors, as well as updates to compensatory arrangements for its named executive officers.
Why It Matters
This filing signals potential shifts in the company's leadership and governance structure, which could impact strategic direction and investor confidence.
Risk Assessment
Risk Level: medium — Changes in executive officers and directors can indicate underlying issues or strategic realignments that may affect the company's future performance.
Key Players & Entities
- Kennametal Inc. (company) — Registrant
- January 13, 2025 (date) — Date of earliest event reported
FAQ
Who departed from Kennametal Inc.'s board or officer positions?
The filing indicates the departure of certain officers and the election of new directors, but specific names are not detailed in the provided text.
What specific changes were made to executive compensation arrangements?
The filing mentions updates to compensatory arrangements of certain officers, but the details of these changes are not provided in the excerpt.
What is the primary reason for this 8-K filing?
The primary reason for this 8-K filing is to report on the departure of directors or certain officers, the election of directors, and compensatory arrangements of certain officers.
When was this report filed with the SEC?
This report was filed with the SEC on January 15, 2025, with the earliest event reported on January 13, 2025.
What is Kennametal Inc.'s state of incorporation and fiscal year end?
Kennametal Inc. is incorporated in Pennsylvania and its fiscal year ends on June 30.
Filing Stats: 1,355 words · 5 min read · ~5 pages · Grade level 10.8 · Accepted 2025-01-15 06:59:30
Key Financial Figures
- $1.25 — ch registered Capital Stock, par value $1.25 per share KMT New York Stock Exchange
- $425,000 — ng compensation: Annual base salary of $425,000. Future long-term incentive grants to
- $530,000 — with a target grant date total value of $530,000 (subject to adjustment based on compens
Filing Documents
- kmt-20250113.htm (8-K) — 43KB
- kmt01152025exhibit991.htm (EX-99.1) — 9KB
- new2022prheadera.jpg (GRAPHIC) — 36KB
- 0000055242-25-000008.txt ( ) — 288KB
- kmt-20250113.xsd (EX-101.SCH) — 3KB
- kmt-20250113_def.xml (EX-101.DEF) — 18KB
- kmt-20250113_lab.xml (EX-101.LAB) — 32KB
- kmt-20250113_pre.xml (EX-101.PRE) — 18KB
- kmt-20250113_htm.xml (XML) — 4KB
01 Other Events
Item 8.01 Other Events. On January 15, 2025, the Company issued a press release announcing the appointment of Faisal Hamadi as Vice President, Kennametal Inc. and President, Infrastructure Business Segment. A copy of this press release is attached hereto as Exhibit 99.1.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits 10.1 Form of Executive Officer Agreement as of April 2018 (Exhibit 10.60 of Form 10-K filed August 10, 2018 is incorporated herein by reference) 10.2 Form of Indemnification Agreement for Named Executive Officers (Exhibit 10.2 of the Form 8- K filed March 22, 2005 is incorporated herein by reference) 99.1 Press Release dated January 15, 2025 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, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. KENNAMETAL INC. Date: January 15, 2025 By: /s/ Michelle R. Keating Michelle R. Keating Vice President, Secretary and General Counsel 4