Arcosa Appoints New CFO, Scott W. Johnson

TL;DR

Arcosa names Scott W. Johnson as new CFO, starting March 4th. He's getting $425k base + bonus + $1M in stock.

AI Summary

Arcosa, Inc. announced on February 29, 2024, the appointment of Scott W. Johnson as Senior Vice President and Chief Financial Officer, effective March 4, 2024. Johnson will receive an annual base salary of $425,000 and is eligible for a discretionary annual bonus. He will also be granted restricted stock units valued at $1,000,000, vesting over three years.

Why It Matters

The appointment of a new CFO is a significant leadership change that can impact investor confidence and the company's financial strategy.

Risk Assessment

Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategies and performance.

Key Numbers

• $425,000 — CFO Base Salary (Annual compensation for Scott W. Johnson.)
• $1,000,000 — CFO Stock Grant (Value of restricted stock units awarded to Scott W. Johnson.)

Key Players & Entities

• Arcosa, Inc. (company) — Registrant
• Scott W. Johnson (person) — Appointed Senior Vice President and Chief Financial Officer
• $425,000 (dollar_amount) — Annual base salary for new CFO
• $1,000,000 (dollar_amount) — Value of restricted stock units granted to new CFO
• March 4, 2024 (date) — Effective date of CFO appointment
• February 29, 2024 (date) — Date of report

FAQ

From the Filing

0001739445-24-000014.txt : 20240301 0001739445-24-000014.hdr.sgml : 20240301 20240301161807 ACCESSION NUMBER: 0001739445-24-000014 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240229 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240301 DATE AS OF CHANGE: 20240301 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Arcosa, Inc. CENTRAL INDEX KEY: 0001739445 STANDARD INDUSTRIAL CLASSIFICATION: FABRICATED STRUCTURAL METAL PRODUCTS [3440] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 825339416 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38494 FILM NUMBER: 24710031 BUSINESS ADDRESS: STREET 1: 500 N. AKARD SREET STREET 2: SUITE 400 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 972-942-6500 MAIL ADDRESS: STREET 1: 500 N. AKARD SREET STREET 2: SUITE 400 CITY: DALLAS STATE: TX ZIP: 75201 8-K 1 aca-20240229.htm 8-K aca-20240229 0001739445 false 0001739445 2024-02-29 2024-02-29 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported):   February 29, 2024 Arcosa, Inc. __________________________________________ (Exact name of registrant as specified in its charter) Delaware 1-38494 82-5339416 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.)        500 N. Akard Street, Suite 400 Dallas, Texas 75201 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: ( 972 ) 942-6500 Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock ($0.01 par value) ACA New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 5.02     Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 29, 2024, Ronald J. Gafford notified the Board of Directors (the “Board”) of Arcosa, Inc. (the "Company") that he does not intend to stand for re-election at the Company’s 2024 Annual Meeting of Shareholders and will retire as a director and member of the Board. Accordingly, his Board service will end effective as of the date of the Company’s 2024 Annual Meeting of Shareholders on May 8, 2024. Mr. Gafford’s decision to retire from the Board is