TE Connectivity CFO Departs, Interim Appointed
Ticker: TEL · Form: 8-K · Filed: 2024-10-04T00:00:00.000Z
Sentiment: neutral
Topics: executive-departure, cfo-change, interim-appointment
TL;DR
CFO out, interim in. Keep an eye on financials.
AI Summary
TE Connectivity plc announced on October 4, 2024, the departure of its Chief Financial Officer, Suresh Venkatachari, effective October 11, 2024. The company also announced the appointment of Michael D. Long as interim CFO. Additionally, the company reported on its compensatory arrangements for certain officers.
Why It Matters
A change in CFO can signal shifts in financial strategy or performance, impacting investor confidence and the company's stock valuation.
Risk Assessment
Risk Level: medium — A sudden departure of a CFO can create uncertainty regarding financial leadership and future strategy.
Key Players & Entities
- TE Connectivity plc (company) — Filing company
- Suresh Venkatachari (person) — Departing Chief Financial Officer
- October 11, 2024 (date) — Effective date of CFO departure
- Michael D. Long (person) — Appointed interim Chief Financial Officer
- October 4, 2024 (date) — Date of report
FAQ
Who is replacing Suresh Venkatachari as CFO?
Michael D. Long has been appointed as the interim Chief Financial Officer.
When is Suresh Venkatachari's departure effective?
Suresh Venkatachari's departure is effective October 11, 2024.
What is the filing date of this 8-K?
This 8-K filing was made on October 4, 2024.
What other items are covered in this 8-K filing?
The filing also covers the election of directors and compensatory arrangements of certain officers.
What was TE Connectivity's former name?
TE Connectivity plc was formerly known as Tyco Electronics Ltd. and TE Connectivity Ltd.
Filing Stats: 668 words · 3 min read · ~2 pages · Grade level 11.8 · Accepted 2024-10-04 16:12:21
Key Financial Figures
- $0.01 — registered Ordinary Shares, Par Value $0.01 TEL New York Stock Exchange 0.00%
Filing Documents
- tm2425613d1_8k.htm (8-K) — 36KB
- tm2425613d1_ex99-1.htm (EX-99.1) — 8KB
- tm2425613d1_8kimg001.jpg (GRAPHIC) — 4KB
- tm2425613d1_ex99-1img001.jpg (GRAPHIC) — 8KB
- 0001104659-24-106268.txt ( ) — 286KB
- tel-20241004.xsd (EX-101.SCH) — 4KB
- tel-20241004_def.xml (EX-101.DEF) — 26KB
- tel-20241004_lab.xml (EX-101.LAB) — 37KB
- tel-20241004_pre.xml (EX-101.PRE) — 25KB
- tm2425613d1_8k_htm.xml (XML) — 6KB
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. Date: October 4, 2024 TE CONNECTIVITY PLC By: /s/ Harold G. Barksdale Name: Harold G. Barksdale Title: Vice President and Corporate Secretary