CMC Appoints New CFO, Tracy L. Rich
Ticker: CMC · Form: 8-K · Filed: Aug 2, 2024 · CIK: 22444
Sentiment: neutral
Topics: executive-appointment, cfo, transition
Related Tickers: BLDR
TL;DR
CMC names Tracy Rich new CFO, replacing Lehner who moves to advisor role.
AI Summary
On August 2, 2024, Commercial Metals Company (CMC) announced the appointment of Tracy L. Rich as its new Executive Vice President and Chief Financial Officer, effective August 5, 2024. Rich will succeed current CFO, Edward1. J. Lehner, who will transition to a senior advisor role until his retirement on August 31, 2025. Rich previously served as Senior Vice President and Chief Financial Officer at Builders FirstSource, Inc.
Why It Matters
The appointment of a new CFO can signal strategic shifts or continuity in financial management, impacting investor confidence and the company's financial direction.
Risk Assessment
Risk Level: low — This filing pertains to a routine executive appointment and transition, which typically carries low inherent risk.
Key Players & Entities
- Commercial Metals Company (company) — Registrant
- Tracy L. Rich (person) — Appointed Executive Vice President and Chief Financial Officer
- August 5, 2024 (date) — Effective date of Tracy L. Rich's appointment
- Edward J. Lehner (person) — Outgoing Chief Financial Officer
- August 31, 2025 (date) — Edward J. Lehner's retirement date
- Builders FirstSource, Inc. (company) — Tracy L. Rich's former employer
FAQ
Who is the new Executive Vice President and Chief Financial Officer of Commercial Metals Company?
Tracy L. Rich has been appointed as the new Executive Vice President and Chief Financial Officer of Commercial Metals Company.
When does Tracy L. Rich's appointment become effective?
Tracy L. Rich's appointment is effective August 5, 2024.
Who is the outgoing Chief Financial Officer, and what will be their role?
Edward J. Lehner is the outgoing Chief Financial Officer and will transition to a senior advisor role until his retirement.
When is Edward J. Lehner scheduled to retire?
Edward J. Lehner is scheduled to retire on August 31, 2025.
What was Tracy L. Rich's previous role?
Tracy L. Rich previously served as Senior Vice President and Chief Financial Officer at Builders FirstSource, Inc.
Filing Stats: 1,172 words · 5 min read · ~4 pages · Grade level 10.7 · Accepted 2024-08-02 08:15:30
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value CMC New York Stock Exchan
Filing Documents
- d849568d8k.htm (8-K) — 31KB
- d849568dex991.htm (EX-99.1) — 8KB
- g849568g0724022626415.jpg (GRAPHIC) — 3KB
- 0001193125-24-192167.txt ( ) — 164KB
- cmc-20240802.xsd (EX-101.SCH) — 3KB
- cmc-20240802_lab.xml (EX-101.LAB) — 17KB
- cmc-20240802_pre.xml (EX-101.PRE) — 11KB
- d849568d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d)Exhibits 99.1 Press Release issued by Commercial Metals Company on August 2, 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. COMMERCIAL METALS COMPANY Date: August 2, 2024 By: /s/ Jody K. Absher Name: Jody K. Absher Title: Senior Vice President, Chief Legal Officer and Corporate Secretary