PPG Industries Announces Director Changes and Officer Compensation Details
Ticker: PPG · Form: 8-K · Filed: 2024-09-26T00:00:00.000Z
Sentiment: neutral
Topics: governance, officer-compensation, director-change
Related Tickers: PPG
TL;DR
PPG board shakeup: McGarry out, Thomas in. Officer pay details also filed.
AI Summary
On September 20, 2024, PPG Industries, Inc. filed an 8-K report detailing the departure of Director Michael H. McGarry and the election of new director David L. Thomas, Jr. The filing also disclosed compensatory arrangements for certain officers, though specific details and dollar amounts for these arrangements were not provided in the excerpt.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance matters like director changes and compensation disclosures, which typically carry low immediate risk.
Key Players & Entities
- PPG INDUSTRIES, INC. (company) — Registrant
- Michael H. McGarry (person) — Departing Director
- David L. Thomas, Jr. (person) — Newly Elected Director
- September 20, 2024 (date) — Date of earliest event reported
FAQ
Who has departed from PPG Industries' board of directors?
Michael H. McGarry has departed from PPG Industries' board of directors as of September 20, 2024.
Who has been elected as a new director to PPG Industries' board?
David L. Thomas, Jr. has been elected as a new director to PPG Industries' board.
What is the filing date for this 8-K report?
The filing date for this 8-K report is September 26, 2024, with the earliest event reported on September 20, 2024.
What other information is disclosed in this 8-K filing besides director changes?
The filing also discloses compensatory arrangements of certain officers.
In which state was PPG Industries, Inc. incorporated?
PPG Industries, Inc. was incorporated in Pennsylvania.
Filing Stats: 517 words · 2 min read · ~2 pages · Grade level 10.3 · Accepted 2024-09-26 16:46:59
Key Financial Figures
- $1.66 — ch registered Common Stock, par value $1.66 2/3 PPG New York Stock Exchange 0.875
Filing Documents
- ppg-20240920.htm (8-K) — 34KB
- exhibit99-pressreleasedate.htm (EX-99) — 11KB
- ppga21.jpg (GRAPHIC) — 179KB
- 0000079879-24-000197.txt ( ) — 467KB
- ppg-20240920.xsd (EX-101.SCH) — 3KB
- ppg-20240920_def.xml (EX-101.DEF) — 16KB
- ppg-20240920_lab.xml (EX-101.LAB) — 30KB
- ppg-20240920_pre.xml (EX-101.PRE) — 17KB
- ppg-20240920_htm.xml (XML) — 6KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99 Press release of PPG Industries, Inc. dated September 24 , 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE 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. PPG INDUSTRIES, INC. (Registrant) Date: September 26, 2024 By: /s/ Timothy M. Knavish Timothy M. Knavish Chairman and Chief Executive Officer