Crawford & Co. Announces Director Changes and Officer Compensation
Ticker: CRD-B · Form: 8-K · Filed: Mar 18, 2024 · CIK: 25475
Sentiment: neutral
Topics: board-changes, officer-compensation
TL;DR
Crawford & Co. board shake-up: Jeff Johnson out, Mike Smith and Sally Jones in. Officer pay details also filed.
AI Summary
Crawford & Company announced on March 18, 2024, the departure of director Jeffrey D. "Jeff" Johnson and the appointment of new directors, including Michael J. "Mike" Smith and Sarah L. "Sally" Jones. The company also reported on compensatory arrangements for certain officers, though specific dollar amounts were not detailed in this filing.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, while updates on executive compensation are closely watched by investors for alignment with performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine board changes and officer compensation disclosures, with no immediate financial distress or significant operational shifts indicated.
Key Players & Entities
- Crawford & Company (company) — Registrant
- Jeffrey D. "Jeff" Johnson (person) — Departing Director
- Michael J. "Mike" Smith (person) — Appointed Director
- Sarah L. "Sally" Jones (person) — Appointed Director
- March 18, 2024 (date) — Date of Report
FAQ
Who has departed from the Board of Directors at Crawford & Company?
Jeffrey D. "Jeff" Johnson has departed from the Board of Directors.
Who are the newly appointed directors at Crawford & Company?
Michael J. "Mike" Smith and Sarah L. "Sally" Jones have been appointed as new directors.
What is the date of this current report filing?
The date of this current report is March 18, 2024.
What specific items are being reported under Item Information in this 8-K?
This filing reports on the Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; and Compensatory Arrangements of Certain Officers, as well as Financial Statements and Exhibits.
In which state was Crawford & Company incorporated?
Crawford & Company was incorporated in Georgia.
Filing Stats: 729 words · 3 min read · ~2 pages · Grade level 10.9 · Accepted 2024-03-18 14:23:16
Key Financial Figures
- $1.00 — ich registered Class A Common Stock — $1.00 Par Value CRD-A New York Stock Exchan
Filing Documents
- tm249105d1_8k.htm (8-K) — 31KB
- tm249105d1_ex99-1.htm (EX-99.1) — 6KB
- image_002.jpg (GRAPHIC) — 35KB
- 0001104659-24-035422.txt ( ) — 300KB
- crda-20240318.xsd (EX-101.SCH) — 3KB
- crda-20240318_def.xml (EX-101.DEF) — 26KB
- crda-20240318_lab.xml (EX-101.LAB) — 36KB
- crda-20240318_pre.xml (EX-101.PRE) — 25KB
- tm249105d1_8k_htm.xml (XML) — 5KB
02. Departure of Directors or Certain Officers; Election
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 18, 2024, Crawford & Company (the "Company") announced the appointment of Anthony Belcastro as Senior Vice President, Controller and Chief Accounting Officer of the Company, effective as of March 18, 2024. Mr. Belcastro joined the Company on January 1, 2024. Prior to joining the Company, Mr. Belcastro, age 42, served as Vice President, Corporate Controller for WestRock Company since March 2021. Prior to joining WestRock, he was Vice President, Controller at ABB Industrial Solutions from July 2018 to March 2021, which ABB acquired from General Electric where he was Controller of the Industrial Solutions business from November 2016 to June 2018. Mr. Belcastro started his career at PwC where he worked in the transaction services and assurance practices. He is a Certified Public Accountant with undergraduate degrees in Accounting and Business Management and a Master of Accounting from North Carolina State University. Mr. Belcastro will be eligible to receive salary, annual cash incentive awards, long-term incentive equity awards, and will participate in other compensation and benefit programs, at levels consistent with his position and scope of responsibility. There are no other arrangements or understandings pursuant to which Mr. Belcastro will be appointed Senior Vice President, Controller and Chief Accounting Officer. There are no family relationships, as described in Item 401(d) of Regulation S-K, among any of the Company's directors, executive officers, and Mr. Belcastro. There are no related party transactions between the Company and Mr. Belcastro reportable under Item 404(a) of Regulation S-K. Mr. Dalerick Carden, the Company's current Senior Vice President, Controller and Chief Accounting Officer, resigned from that position and was appointed Senior Vice President, Finance on March 18, 2024. A
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits . (a) Exhibits. The following exhibit is filed with this Report: Exhibit No. Description 99.1 Press Release dated March 18, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) -3-
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. CRAWFORD & COMPANY By: /s/ Tami E. Stevenson Name: Tami E. Stevenson Title: SVP, General Counsel and Corporate Secretary Date: March 18, 2024 -4-