SIFCO Industries Appoints New Director
Ticker: SIF · Form: 8-K · Filed: Sep 27, 2024 · CIK: 90168
Sentiment: neutral
Topics: director-appointment, governance
TL;DR
SIFCO adds Robert Johnson to the board, watch for governance shifts.
AI Summary
SIFCO Industries, Inc. announced on September 26, 2024, the appointment of Robert Johnson as a new director. This filing also covers the election of directors and compensatory arrangements for certain officers, with no specific dollar amounts or other dates provided in this excerpt.
Why It Matters
The addition of a new director can signal changes in board strategy or governance for SIFCO Industries.
Risk Assessment
Risk Level: low — This filing primarily concerns a director appointment and routine corporate governance matters, with no immediate financial implications disclosed.
Key Players & Entities
- SIFCO Industries, Inc. (company) — Registrant
- Robert Johnson (person) — Appointed Director
- September 26, 2024 (date) — Date of earliest event reported
FAQ
Who is Robert Johnson and what is his background?
The provided excerpt does not contain information about Robert Johnson's background or qualifications.
What are the specific compensatory arrangements for officers mentioned?
The filing indicates that compensatory arrangements of certain officers are covered, but the specific details or amounts are not included in this excerpt.
When was Robert Johnson's appointment effective?
The filing states the date of the earliest event reported is September 26, 2024, which is likely the effective date of the appointment.
Are there any other changes to the board of directors?
The filing mentions the election of directors, but this excerpt does not specify if there are other changes besides the appointment of Robert Johnson.
What is SIFCO Industries' primary business?
SIFCO Industries, Inc. is classified under Standard Industrial Classification 3724, which is Aircraft Engines & Engine Parts.
Filing Stats: 754 words · 3 min read · ~3 pages · Grade level 10.8 · Accepted 2024-09-27 16:01:15
Filing Documents
- sif-20240926.htm (8-K) — 33KB
- ex991sifbjohnsonappointmen.htm (EX-99.1) — 7KB
- 0000090168-24-000038.txt ( ) — 164KB
- sif-20240926.xsd (EX-101.SCH) — 2KB
- sif-20240926_lab.xml (EX-101.LAB) — 21KB
- sif-20240926_pre.xml (EX-101.PRE) — 12KB
- sif-20240926_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. Appointment of Mr. Robert Johnson to the Board of Directors. On September 26, 2024, the Board of Directors (the "Board") of SIFCO Industries, Inc., an Ohio corporation (the "Company"), appointed Robert (Bob) D. Johnson as a member of the Board, effective September 26, 2024. Mr. Johnson was appointed to fill the vacancy resulting from the July 8, 2024 resignation and retirement of Peter Knapper. He will serve for the remainder of Mr. Knapper's term, which expires at the Company's 2025 annual meeting of stockholders. Mr. Johnson, 76, has deep domestic and international executive experience in the aerospace industry, including risk management, financial oversight, operations, and strategy. He has served as an advisor to the Board and the Chief Executive Officer of the Company since November 2022, and brings valuable experience forged through an exemplary career in various roles within the aerospace industry. Mr. Johnson currently serves as the chairman of the board of directors of Spirit Aerosystems, a publicly traded aerospace components company. He also currently sits on the board of directors of Spirit Airlines, a publicly-traded, leading low-fare commercial carrier, Roper Industries, Inc., a publicly traded diversified industrial company, and Elbit Systems of America, LLC, a U.S.-based wholly owned subsidiary, with no registered securities, of Elbit Systems Ltd., a leading global source of innovative, technology based systems for diverse defense and commercial applications. Mr. Johnson retired in 2008 as chief executive officer of Dubai Aerospace Enterprise (DAE), a global aerospace engineering and services company. In 2005, prior to DAE, Mr. Johnson was chairman of Honeywell Aerospace, a leading global supplier of aircraft engines, equipment, systems and services, where he also served prior to 2005 a
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits 99.1 Bob Johnson Appointment to Board Press Release dated September 27 , 2024
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. SIFCO Industries, Inc. (Registrant) Date: September 27, 2024 /s/ Thomas R. Kubera Thomas R. Kubera Chief Financial Officer (Principal Financial Officer)