Cleveland-Cliffs 8-K: Officer/Director Changes, Compensation Reported
Ticker: CLF · Form: 8-K · Filed: Jan 3, 2024 · CIK: 764065
Complexity: simple
Sentiment: neutral
Topics: executive-change, compensation, corporate-governance
TL;DR
**Cleveland-Cliffs filed an 8-K on Jan 3, 2024, signaling executive or director changes and compensation updates.**
AI Summary
Cleveland-Cliffs Inc. filed an 8-K on January 3, 2024, to report an event related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.' This filing indicates a change in leadership or executive compensation, which could impact the company's strategic direction and financial performance. Investors should pay attention to the specifics of these changes as they can signal shifts in corporate governance or future operational strategies, potentially affecting stock valuation.
Why It Matters
Changes in executive leadership or compensation can signal shifts in company strategy, governance, or financial health, directly impacting investor confidence and stock performance.
Risk Assessment
Risk Level: medium — Changes in leadership can introduce uncertainty regarding future company direction, but the specific details are not yet public, making the immediate risk moderate.
Analyst Insight
A smart investor would monitor Cleveland-Cliffs Inc.'s subsequent filings and press releases for specific details on the reported changes in officers/directors or compensation, as these specifics will determine the actual impact on the company's future performance and stock valuation.
Key Numbers
- $0.125 — par value per share (par value of Cleveland-Cliffs Inc. Common Shares)
Key Players & Entities
- CLEVELAND-CLIFFS INC. (company) — the registrant filing the 8-K
- January 3, 2024 (date) — date of the earliest event reported and filing date
- Ohio (company) — state of incorporation for Cleveland-Cliffs Inc.
- CLF (company) — trading symbol for Cleveland-Cliffs Inc.
- New York Stock Exchange (company) — exchange where Cleveland-Cliffs Inc. Common Shares are registered
- $0.125 (dollar_amount) — par value per share of Common Shares
Forward-Looking Statements
- Cleveland-Cliffs Inc. will release further details regarding the specific personnel changes or compensation arrangements in a subsequent filing or press release. (CLEVELAND-CLIFFS INC.) — high confidence, target: Q1 2024
FAQ
What is the specific nature of the event reported by Cleveland-Cliffs Inc. on January 3, 2024?
The event reported falls under 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers' as per Item 5.02 of Form 8-K.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 3, 2024.
What is the trading symbol and exchange for Cleveland-Cliffs Inc. securities?
Cleveland-Cliffs Inc. trades under the symbol CLF on the New York Stock Exchange.
What is the par value of Cleveland-Cliffs Inc.'s Common Shares?
The par value of Cleveland-Cliffs Inc.'s Common Shares is $0.125 per share.
What is the business address and phone number of Cleveland-Cliffs Inc.?
The business address is 200 Public Square, Suite 3300, Cleveland, Ohio 44114-2315, and the phone number is (216) 694-5700.
Filing Stats: 699 words · 3 min read · ~2 pages · Grade level 12.1 · Accepted 2024-01-03 16:34:33
Key Financial Figures
- $0.125 — h registered: Common Shares, par value $0.125 per share CLF New York Stock Exchange
Filing Documents
- clf-20240103.htm (8-K) — 28KB
- 0000764065-24-000003.txt ( ) — 155KB
- clf-20240103.xsd (EX-101.SCH) — 2KB
- clf-20240103_lab.xml (EX-101.LAB) — 25KB
- clf-20240103_pre.xml (EX-101.PRE) — 13KB
- clf-20240103_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. CLEVELAND-CLIFFS INC. Date: January 3, 2024 By: /s/ James D. Graham Name: James D. Graham Title: Executive Vice President, Chief Legal and Administrative Officer & Secretary 3