Axalta Appoints New CFO, Robert Davies

TL;DR

Axalta names Robert Davies new CFO, starting March 25th. Big bonus & stock options incoming.

AI Summary

Axalta Coating Systems Ltd. announced on March 19, 2024, the appointment of Robert T. Davies as Chief Financial Officer, effective March 25, 2024. Davies will receive an annual base salary of $500,000 and is eligible for a target annual bonus of 100% of his base salary. He will also receive a long-term incentive award with a target value of $1,000,000.

Why It Matters

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

Risk Assessment

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

Key Numbers

• $500,000 — CFO Base Salary (Annual compensation for Robert T. Davies)
• 100% — CFO Target Bonus (Potential annual bonus for Robert T. Davies)
• $1,000,000 — CFO LTI Target (Long-term incentive award target for Robert T. Davies)

Key Players & Entities

• Axalta Coating Systems Ltd. (company) — Registrant
• Robert T. Davies (person) — Appointed Chief Financial Officer
• $500,000 (dollar_amount) — Annual base salary for new CFO
• 100% (dollar_amount) — Target annual bonus percentage for new CFO
• $1,000,000 (dollar_amount) — Target long-term incentive award value for new CFO
• March 19, 2024 (date) — Date of report
• March 25, 2024 (date) — Effective date for new CFO

FAQ

Key Financial Figures

• $1.00 — tion 12(b) of the Act: Common Shares, $1.00 par value AXTA New York Stock Exchange

Filing Documents

• axta-20240319.htm (8-K) — 28KB
• a32120248-kbod_exhibit99.htm (EX-99) — 9KB
• image_0a.jpg (GRAPHIC) — 11KB
• 0001616862-24-000027.txt ( ) — 177KB
• axta-20240319.xsd (EX-101.SCH) — 2KB
• axta-20240319_lab.xml (EX-101.LAB) — 21KB
• axta-20240319_pre.xml (EX-101.PRE) — 12KB
• axta-20240319_htm.xml (XML) — 3KB

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On March 21, 2024, the Company issued a press release announcing Mr. McLaughlin's decision to retire from the Board and not to stand for re-election at the 2024 AGM. A copy of the press release is furnished as Exhibit 99 to this Current Report on Form 8-K and is incorporated herein by reference. The information furnished in this Item 7.01, including Exhibit 99, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99 Press Release dated March 21, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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. AXALTA COATING SYSTEMS LTD. Date: March 21, 2024 By: /s/ Alex Tablin-Wolf Alex Tablin-Wolf Senior Vice President, General Counsel & Corporate Secretary