CNH Industrial Announces Director Changes and Compensation Details
Ticker: CNH · Form: 8-K · Filed: 2024-04-22T00:00:00.000Z
Sentiment: neutral
Topics: management-change, governance, compensation
Related Tickers: CNHI
TL;DR
CNH board shakeup: Scott Daniel out, Murphy & Johnson in. Compensation details also filed.
AI Summary
CNH Industrial N.V. announced on April 20, 2024, the departure of Director Scott E. Daniel and the appointment of new directors, including Michael J. Murphy and David L. Johnson. The company also disclosed compensatory arrangements for certain officers, though specific details and dollar amounts were not provided in this initial filing.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Director departures and new appointments, along with compensation disclosures, can introduce uncertainty regarding future strategic direction and executive alignment.
Key Players & Entities
- CNH Industrial N.V. (company) — Registrant
- Scott E. Daniel (person) — Departing Director
- Michael J. Murphy (person) — Appointed Director
- David L. Johnson (person) — Appointed Director
- April 20, 2024 (date) — Date of earliest event reported
FAQ
Who has departed from the CNH Industrial N.V. board of directors?
Scott E. Daniel has departed from the board of directors of CNH Industrial N.V.
Who has been appointed as new directors to the CNH Industrial N.V. board?
Michael J. Murphy and David L. Johnson have been appointed as new directors to the CNH Industrial N.V. board.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is April 20, 2024.
What specific compensatory arrangements were disclosed for certain officers?
The filing indicates that compensatory arrangements for certain officers were disclosed, but specific details and dollar amounts are not provided in this summary.
What is the company's jurisdiction of incorporation?
CNH Industrial N.V. is incorporated in the Netherlands.
From the Filing
0001193125-24-103821.txt : 20240422 0001193125-24-103821.hdr.sgml : 20240422 20240422075405 ACCESSION NUMBER: 0001193125-24-103821 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 22 CONFORMED PERIOD OF REPORT: 20240420 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240422 DATE AS OF CHANGE: 20240422 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CNH Industrial N.V. CENTRAL INDEX KEY: 0001567094 STANDARD INDUSTRIAL CLASSIFICATION: CONSTRUCTION MACHINERY & EQUIP [3531] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 STATE OF INCORPORATION: P7 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36085 FILM NUMBER: 24859523 BUSINESS ADDRESS: STREET 1: 25 ST. JAMES'S STREET CITY: LONDON, STATE: X0 ZIP: SW1A 1HA BUSINESS PHONE: 011 44 1268 533000 MAIL ADDRESS: STREET 1: 25 ST. JAMES'S STREET CITY: LONDON, STATE: X0 ZIP: SW1A 1HA FORMER COMPANY: FORMER CONFORMED NAME: FI CBM Holdings N.V. DATE OF NAME CHANGE: 20130115 8-K 1 d41115d8k.htm 8-K 8-K false 0001567094 0001567094 2024-04-20 2024-04-20 0001567094 us-gaap:CommonStockMember 2024-04-20 2024-04-20 0001567094 us-gaap:DeferrableNotesMember 2024-04-20 2024-04-20     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): April 20, 2024     CNH Industrial N.V. (Exact name of registrant as specified in its charter)       Netherlands   001-36085   98-1125413 (State or other jurisdiction of incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)   Cranes Farm Road , Basildon , Essex , SS14 3AD , United Kingdom   N/A (Address of principal executive offices)   (Zip Code) +44 2079 251964 (Registrant’s telephone number, including area code) N/A (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 Shares, par value €0.01   CNHI   New York Stock Exchange 3.850% Notes due 2027   CNHI27   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(e) 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 April 20, 2024, Scott W. Wine resigned as Chief Executive Officer and Executive D