Corteva Announces Board and Executive Compensation Changes

Ticker: CTVA · Form: 8-K · Filed: 2024-10-15T00:00:00.000Z

Sentiment: neutral

Topics: management-change, compensation, board-of-directors

Related Tickers: CTVA

TL;DR

Corteva's board is shuffling, exec pay is changing. Keep an eye on this.

AI Summary

Corteva, Inc. announced on October 10, 2024, changes in its board of directors and executive compensation arrangements. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for key executives. Specific details regarding the financial impact or reasons for these changes were not provided in this initial report.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy, governance, or financial outlook, impacting investor confidence and stock performance.

Risk Assessment

Risk Level: medium — Changes in executive and board positions can indicate underlying issues or strategic shifts that may affect the company's future performance.

Key Players & Entities

FAQ

What specific roles have been affected by the departure of officers or directors?

The filing indicates the departure of certain officers and directors but does not specify the exact roles in this report.

Who are the newly elected directors?

The filing mentions the election of directors but does not list their names.

What are the details of the updated compensatory arrangements for certain officers?

The filing notes changes to compensatory arrangements but does not provide specific details on the nature or value of these changes.

What is the reason for the changes in the board of directors?

The filing does not state the specific reasons for the departure or election of directors.

When did these changes become effective?

The earliest event reported is dated October 10, 2024.

From the Filing

0001193125-24-237616.txt : 20241015 0001193125-24-237616.hdr.sgml : 20241015 20241015163130 ACCESSION NUMBER: 0001193125-24-237616 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20241010 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: 20241015 DATE AS OF CHANGE: 20241015 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Corteva, Inc. CENTRAL INDEX KEY: 0001755672 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - CROPS [0100] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 824979096 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38710 FILM NUMBER: 241372241 BUSINESS ADDRESS: STREET 1: 9330 ZIONSVILLE ROAD CITY: INDIANAPOLIS STATE: IN ZIP: 46268 BUSINESS PHONE: (833) 267-8382 MAIL ADDRESS: STREET 1: 9330 ZIONSVILLE ROAD CITY: INDIANAPOLIS STATE: IN ZIP: 46268 8-K 1 d840674d8k.htm 8-K 8-K false 0001755672 0001755672 2024-10-10 2024-10-10 0001755672 dei:OtherAddressMember 2024-10-10 2024-10-10     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): October 10, 2024     Corteva, Inc. (Exact Name of Registrant as Specified in Its Charter)       Delaware   001-38710   82-4979096 (State or other jurisdiction of Incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.) 9330 Zionsville Road , Indianapolis , Indiana 46268 974 Centre Road , Wilmington , Delaware 19805 (Address of principal executive offices)(Zip Code) ( 833 ) 267-8382 (Registrant’s telephone number, including area code)     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 Stock, par value $0.01 per share   CTVA   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(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 October 15, 2024, Corteva, Inc. (the “Company”) announced Timothy Glenn, executive vice president, seed business unit, notified the Company on October 10, 2024 of his intent to retire effective December 1, 2024. Judd O’Connor, age 54, will replace Mr. Glenn effecti

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