Cummins 8-K: Officer Changes & Comp Arrangements
Ticker: CMI · Form: 8-K · Filed: 2024-02-12T00:00:00.000Z
Sentiment: neutral
Topics: executive-changes, compensation, corporate-governance
TL;DR
**Cummins filed an 8-K about executive changes and pay, keep an eye on leadership shifts.**
AI Summary
Cummins Inc. filed an 8-K on February 12, 2024, to report the departure or election of certain officers and directors, as well as compensatory arrangements for certain officers. This filing also covers financial statements and exhibits. For investors, this matters because changes in leadership and executive compensation can signal shifts in company strategy or financial health, potentially impacting future stock performance.
Why It Matters
Changes in executive leadership and compensation can influence a company's strategic direction and financial stability, directly affecting investor confidence and stock valuation.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure about executive changes and compensation, which typically carries a low immediate risk unless specific details reveal significant negative events.
Analyst Insight
A smart investor would monitor subsequent Cummins Inc. filings or press releases for specific details on the executive changes and compensation arrangements to assess potential impacts on company strategy and performance.
Key Numbers
- $2.50 — Common Stock Par Value (The par value of Cummins Inc. common stock, as listed on the New York Stock Exchange.)
Key Players & Entities
- CUMMINS INC. (company) — registrant filing the 8-K
- February 12, 2024 (date) — date of report
- Indiana (company) — state of incorporation for Cummins Inc.
- 500 Jackson Street P. O. Box 3005 Columbus , Indiana 47202-3005 (company) — principal executive office of Cummins Inc.
- $2.50 (dollar_amount) — par value of Cummins common stock
Forward-Looking Statements
- Cummins Inc. will provide more specific details regarding the executive changes and compensation in subsequent filings or press releases. (CUMMINS INC.) — medium confidence, target: 2024-03-31
FAQ
What is the purpose of this 8-K filing by Cummins Inc.?
The 8-K filing by Cummins Inc. on February 12, 2024, is intended to report the departure or election of certain directors or officers, the appointment of certain officers, and compensatory arrangements of certain officers, as well as financial statements and exhibits.
What is the date of the report for this 8-K filing?
The Date of Report for this 8-K filing is February 12, 2024.
Where is Cummins Inc.'s principal executive office located?
Cummins Inc.'s principal executive office is located at 500 Jackson Street, P. O. Box 3005, Columbus, Indiana, 47202-3005.
What is the trading symbol and exchange for Cummins Inc.'s common stock?
The trading symbol for Cummins Inc.'s common stock is CMI, and it is registered on the New York Stock Exchange.
What is the par value of Cummins Inc.'s common stock?
The par value of Cummins Inc.'s common stock is $2.50.
Filing Stats: 564 words · 2 min read · ~2 pages · Grade level 10 · Accepted 2024-02-12 15:11:55
Key Financial Figures
- $2.50 — ange on which registered Common stock, $2.50 par value CMI New York Stock Exchange
Filing Documents
- cmi-20240212.htm (8-K) — 27KB
- ex99pressreleasefebruary12.htm (EX-99) — 13KB
- cmi-20240212_g1.jpg (GRAPHIC) — 114KB
- image_0a.jpg (GRAPHIC) — 30KB
- 0000026172-24-000010.txt ( ) — 466KB
- cmi-20240212.xsd (EX-101.SCH) — 2KB
- cmi-20240212_lab.xml (EX-101.LAB) — 25KB
- cmi-20240212_pre.xml (EX-101.PRE) — 13KB
- cmi-20240212_htm.xml (XML) — 3KB
01. Financial Statement and Exhibits
Item 9.01. Financial Statement and Exhibits. (d) Exhibits. - The exhibits below are filed herewith: Exhibit Index Exhibit No. Description Exhibit 99 Press Release, dated February 12 , 202 4 . Exhibit 104 Cover Page Interactive Data File (the cover page Interactive Data File is embedded within the Inline XBRL document). SIGNATURE 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. Date: February 12, 2024 CUMMINS INC. /s/ NICOLE Y. LAMB-HALE Nicole Y. Lamb-Hale Vice President, Chief Legal Officer & Corporate Secretary