Norfolk Southern Announces Executive and Director Changes
Ticker: NSC · Form: 8-K · Filed: Sep 24, 2024 · CIK: 702165
Sentiment: neutral
Topics: executive-changes, director-changes, compensation
Related Tickers: NSC
TL;DR
NSC shakes up board and exec comp - new faces, new pay structures.
AI Summary
Norfolk Southern Corporation announced on September 24, 2024, changes in its executive leadership. The company reported the departure of a director and the election of a new director, along with adjustments to officer compensation arrangements. Specific details regarding the individuals involved and the financial impact of these compensation changes were not provided in this initial filing.
Why It Matters
Changes in executive leadership and director composition can signal shifts in company strategy or governance, potentially impacting future performance and investor confidence.
Risk Assessment
Risk Level: medium — Executive and director changes, especially without immediate detailed explanations, can introduce uncertainty regarding future strategy and operational direction.
Key Players & Entities
- NORFOLK SOUTHERN CORPORATION (company) — Registrant
- Virginia (jurisdiction) — State of incorporation
- September 24, 2024 (date) — Date of earliest event reported
FAQ
Who is the departing director and who is the newly elected director?
The filing states there was a departure of a director and the election of a director, but does not name the individuals involved.
What specific changes were made to officer compensation arrangements?
The filing indicates adjustments to compensatory arrangements of certain officers, but the specific details of these changes are not provided.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on September 24, 2024.
What is Norfolk Southern Corporation's principal executive office address?
The principal executive offices are located at 650 West Peachtree Street NW, Atlanta, Georgia 30308-1925.
What is the filing date of this 8-K report?
The filing was made as of September 24, 2024.
Filing Stats: 783 words · 3 min read · ~3 pages · Grade level 12.6 · Accepted 2024-09-24 17:01:00
Key Financial Figures
- $1.00 — ern Corporation Common Stock (Par Value $1.00) NSC New York Stock Exchange Indic
- $600,000 — Board approved an annual base salary of $600,000 per year for Mr. Zampi and his annual i
- $554,200 — with a grant date fair market value of $554,200, consisting of a combination of restric
Filing Documents
- d872340d8k.htm (8-K) — 25KB
- g872340g0925003623284.jpg (GRAPHIC) — 8KB
- 0001193125-24-224876.txt ( ) — 162KB
- nsc-20240924.xsd (EX-101.SCH) — 3KB
- nsc-20240924_lab.xml (EX-101.LAB) — 17KB
- nsc-20240924_pre.xml (EX-101.PRE) — 11KB
- d872340d8k_htm.xml (XML) — 3KB
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. NORFOLK SOUTHERN CORPORATION (Registrant) By: /s/ Jason A. Morris Jason A. Morris Senior Vice President, Chief Legal Officer and Corporate Secretary Dated: September 24, 2024