Wabtec Board Changes: Director Resignation and Appointment
Ticker: WAB · Form: 8-K · Filed: Dec 4, 2024 · CIK: 943452
Sentiment: neutral
Topics: board-of-directors, governance
Related Tickers: WAB
TL;DR
Wabtec board shakeup: Neissl out, George in. Board governance update.
AI Summary
On December 2, 2024, Westinghouse Air Brake Technologies Corporation (Wabtec) announced changes to its Board of Directors. Effective December 2, 2024, Mr. Albert J. Neissl resigned from the Board, and Mr. Patrick D. George was appointed as a Class III Director. Mr. George's appointment is part of the company's ongoing efforts to ensure strong corporate governance and strategic oversight.
Why It Matters
Changes in board composition can signal shifts in strategic direction or governance focus, potentially impacting investor confidence and company performance.
Risk Assessment
Risk Level: low — This filing reports routine board changes and does not indicate any significant financial or operational risks.
Key Players & Entities
- WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION (company) — Registrant
- Albert J. Neissl (person) — Resigned Director
- Patrick D. George (person) — Appointed Director
- December 2, 2024 (date) — Effective date of changes
FAQ
Who resigned from the Board of Directors?
Mr. Albert J. Neissl resigned from the Board of Directors.
Who was appointed to the Board of Directors?
Mr. Patrick D. George was appointed as a Class III Director.
When were these board changes effective?
The changes were effective as of December 2, 2024.
What is the company's ticker symbol?
The company's ticker symbol is not explicitly mentioned in this filing excerpt, but it is commonly known as WAB.
What is the company's principal executive office address?
The principal executive offices are located at 30 Isabella Street, Pittsburgh, PA 15212.
Filing Stats: 552 words · 2 min read · ~2 pages · Grade level 12.6 · Accepted 2024-12-04 14:12:22
Filing Documents
- ef20039516_8k.htm (8-K) — 26KB
- 0001140361-24-048359.txt ( ) — 158KB
- wab-20241202.xsd (EX-101.SCH) — 4KB
- wab-20241202_lab.xml (EX-101.LAB) — 21KB
- wab-20241202_pre.xml (EX-101.PRE) — 16KB
- ef20039516_8k_htm.xml (XML) — 4KB
02
Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers. On December 2, 2024, the Board of Directors (the "Board") of Westinghouse Air Brake Technologies Corporation ("Wabtec" or the "Company") elected Juan Perez to the Board, effective January 29, 2025. Mr. Perez will join the class of directors whose term expires in 2025. Mr. Perez will receive compensation in the same manner as Wabtec's other non-employee directors, as described in Wabtec's definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on April 4, 2024. Effective January 29, 2025, Mr. Perez was also appointed to the Audit Committee, the Governance and Sustainability Committee and the Environmental, Social and Governance Subcommittee of the Governance and Sustainability Committee of the Board. There are no arrangements or understandings between Mr. Perez and any other person pursuant to which Mr. Perez was elected as a member of the Board. There are no related person transactions (within the meaning of Item 404(a) of Regulation S-K promulgated by the Securities and Exchange Commission) between Mr. Perez, on the one hand, and the Company, on the other.
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. Westinghouse Air Brake Technologies Corporation Date: December 4, 2024 By: /s/ David L. DeNinno David L. DeNinno Executive Vice President, General Counsel and Secretary