Casey's CFO Departs, New Directors Appointed

Ticker: CASY · Form: 8-K · Filed: 2024-06-11T00:00:00.000Z

Sentiment: neutral

Topics: executive-departure, board-changes, cfo-appointment

Related Tickers: CASY

TL;DR

Casey's CFO is out, but the old CFO is now on the board. New interim CFO named.

AI Summary

Casey's General Stores, Inc. announced on June 5, 2024, the departure of its Chief Financial Officer, Michael J. Lawler, effective June 14, 2024. The company also appointed Craig M. Mavis as interim CFO. Additionally, Casey's elected two new directors, David J. Swalm and Michael J. Lawler, to its board of directors, effective June 5, 2024.

Why It Matters

The departure of a CFO and the appointment of new board members can signal strategic shifts or governance changes within the company, potentially impacting investor confidence and future financial performance.

Risk Assessment

Risk Level: medium — Changes in key financial leadership and board composition can introduce uncertainty regarding future strategy and financial management.

Key Players & Entities

FAQ

Who has been appointed as the interim Chief Financial Officer for Casey's General Stores, Inc.?

Craig M. Mavis has been appointed as the interim CFO.

When is Michael J. Lawler's departure as CFO effective?

Michael J. Lawler's departure as CFO is effective June 14, 2024.

Who are the newly elected directors to Casey's General Stores, Inc. board?

David J. Swalm and Michael J. Lawler have been elected as new directors.

What is the effective date for the election of the new directors?

The election of the new directors is effective June 5, 2024.

What is the primary business of Casey's General Stores, Inc. according to the filing?

Casey's General Stores, Inc. is in the business of Retail - Auto Dealers & Gasoline Stations.

From the Filing

0000726958-24-000028.txt : 20240611 0000726958-24-000028.hdr.sgml : 20240611 20240611163207 ACCESSION NUMBER: 0000726958-24-000028 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240605 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: 20240611 DATE AS OF CHANGE: 20240611 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CASEYS GENERAL STORES INC CENTRAL INDEX KEY: 0000726958 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 420935283 STATE OF INCORPORATION: IA FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34700 FILM NUMBER: 241036252 BUSINESS ADDRESS: STREET 1: PO BOX 3001 CITY: ANKENY STATE: IA ZIP: 50021 BUSINESS PHONE: 515-965-6100 MAIL ADDRESS: STREET 1: PO BOX 3001 CITY: ANKENY STATE: IA ZIP: 50021 8-K 1 casy-20240605.htm 8-K casy-20240605 0000726958 false 0000726958 2024-06-05 2024-06-05 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): June 5, 2024 CASEY'S GENERAL STORES, INC. (Exact name of registrant as specified in its charter) Iowa (State or other jurisdiction of incorporation) 001-34700   42-0935283 (Commission File Number)   (I.R.S. Employer Identification Number) One SE Convenience Blvd. , Ankeny , Iowa (Address of principal executive offices) 50021 (Zip Code) 515 / 965-6100 (Registrant's telephone number, including area code) NONE (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 ( see General Instruction A.2. below): ☐ 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 Exchange Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, no par value per share CASY The NASDAQ Global Select Market 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). ☐ 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 June 5, 2024, the Board of Directors (the “Board”) of Casey’s General Stores, Inc. (the “Company”) (i) increased the size of the Board from ten to eleven directors, and (ii) appointed Maria Castañón Moats to fill the vacancy created by the expansion of the Board, each effective as of July 1, 2024. Ms. Castañón Moats, who is retiring as a partner from PricewaterhouseCoopers, LLP, on June 30, 2024, will also stand for election at the Company’s 2024 annual shareholders’ meeting (the “Annual Meeting”). Ms. Cast

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