Gibraltar Industries Appoints New CFO, Stock Grant
Ticker: ROCK · Form: 8-K · Filed: Mar 1, 2024 · CIK: 912562
| Field | Detail |
|---|---|
| Company | Gibraltar Industries, Inc. (ROCK) |
| Form Type | 8-K |
| Filed Date | Mar 1, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, compensation, cfo
TL;DR
Gibraltar Industries names new CFO, Michael Rann, with a $750K stock grant.
AI Summary
Gibraltar Industries, Inc. announced on March 1, 2024, the appointment of Michael R. Rann as Chief Financial Officer, effective March 4, 2024. Rann will receive an annual base salary of $450,000 and will be eligible for a discretionary annual bonus. He will also receive a one-time grant of restricted stock units valued at $750,000.
Why It Matters
The appointment of a new CFO is a significant leadership change that could impact the company's financial strategy and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategies and performance.
Key Numbers
- $450,000 — CFO Base Salary (Annual compensation for Michael R. Rann.)
- $750,000 — CFO Stock Grant (Value of initial restricted stock units for Michael R. Rann.)
Key Players & Entities
- Gibraltar Industries, Inc. (company) — Registrant
- Michael R. Rann (person) — Appointed Chief Financial Officer
- $450,000 (dollar_amount) — Annual base salary for new CFO
- $750,000 (dollar_amount) — Value of restricted stock units granted to new CFO
- March 1, 2024 (date) — Date of report
- March 4, 2024 (date) — Effective date for new CFO
FAQ
What is the effective date of Michael R. Rann's appointment as CFO?
Michael R. Rann's appointment as Chief Financial Officer is effective March 4, 2024.
What is the annual base salary for the new CFO?
The annual base salary for Michael R. Rann is $450,000.
What is the value of the restricted stock units granted to the new CFO?
Michael R. Rann will receive a one-time grant of restricted stock units valued at $750,000.
Is the new CFO eligible for a bonus?
Yes, Michael R. Rann will be eligible for a discretionary annual bonus.
What is the company's primary business as indicated by its SIC code?
Gibraltar Industries, Inc. is in the STEEL WORKS, BLAST FURNACES & ROLLING & FINISHING MILLS industry, SIC code 3310.
Filing Stats: 495 words · 2 min read · ~2 pages · Grade level 11.3 · Accepted 2024-03-01 07:44:19
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value per share ROCK NASDAQ Stock M
Filing Documents
- rock-20240301.htm (8-K) — 24KB
- exhibit991pressrelease-dir.htm (EX-99.1) — 5KB
- gibraltar_wordmarkxbluexrgb.jpg (GRAPHIC) — 144KB
- 0000912562-24-000016.txt ( ) — 353KB
- rock-20240301.xsd (EX-101.SCH) — 2KB
- rock-20240301_lab.xml (EX-101.LAB) — 25KB
- rock-20240301_pre.xml (EX-101.PRE) — 13KB
- rock-20240301_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (a)-(c) Not Applicable (d) Exhibits: Exhibit No. Description 99.1 Press release issued by Gibraltar Industries, Inc. on March 1, 2024 104 Cover Page Interactive Data File (embedded with the Inline XBRL document) 2
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. GIBRALTAR INDUSTRIES, INC. Date: March 1, 2024 By: /s/ Katherine E. Bolanowski Katherine E. Bolanowski General Counsel, Vice President and Secretary 3