Owens Corning Announces Board and Executive Compensation Changes

Ticker: OC · Form: 8-K · Filed: 2024-12-04T00:00:00.000Z

Sentiment: neutral

Topics: governance, executive-compensation, board-of-directors

Related Tickers: OC

TL;DR

OC just filed an 8-K detailing board changes and executive comp adjustments. Watch for details.

AI Summary

Owens Corning announced on December 4, 2024, changes in its board of directors and executive compensation. Specifically, the company elected new directors and made adjustments to the compensatory arrangements for certain officers, details of which are filed under Item 5.02 of the 8-K.

Why It Matters

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

Risk Assessment

Risk Level: low — The filing pertains to routine corporate governance and executive compensation matters, not a significant financial event.

Key Players & Entities

FAQ

What specific changes were made to the board of directors?

The filing indicates the election of new directors under Item 5.02, but specific names and details of their appointments are not provided in the summary text.

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

The filing states that compensatory arrangements of certain officers were adjusted, as detailed under Item 5.02, but the specific terms and amounts are not included in the provided text.

When was this 8-K filing submitted?

The filing was submitted on December 4, 2024.

What is the primary purpose of this 8-K filing?

The primary purpose is to report on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, as per Item 5.02.

What is Owens Corning's principal executive office address?

Owens Corning's principal executive office is located at One Owens Corning Parkway, Toledo, Ohio 43659.

From the Filing

0001370946-24-000281.txt : 20241204 0001370946-24-000281.hdr.sgml : 20241204 20241204162429 ACCESSION NUMBER: 0001370946-24-000281 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20241204 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20241204 DATE AS OF CHANGE: 20241204 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Owens Corning CENTRAL INDEX KEY: 0001370946 STANDARD INDUSTRIAL CLASSIFICATION: ABRASIVE ASBESTOS & MISC NONMETALLIC MINERAL PRODUCTS [3290] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33100 FILM NUMBER: 241526504 BUSINESS ADDRESS: STREET 1: ONE OWENS CORNING PARKWAY CITY: TOLEDO STATE: OH ZIP: 43659 BUSINESS PHONE: 419-248-8000 MAIL ADDRESS: STREET 1: ONE OWENS CORNING PARKWAY CITY: TOLEDO STATE: OH ZIP: 43659 FORMER COMPANY: FORMER CONFORMED NAME: Owens Corning (Reorganized) Inc. DATE OF NAME CHANGE: 20060731 8-K 1 oc-20241204.htm 8-K oc-20241204 0001370946 false 0001370946 2024-12-04 2024-12-04 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):  December 4, 2024 ______________________________________ Owens Corning (Exact name of registrant as specified in its charter)     ______________________________________ DE 1-33100 43-2109021 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) One Owens Corning Parkway Toledo, Ohio 43659 (Address of principal executive offices)     (Zip Code) 419 - 248-8000 (Registrant’s telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) ______________________________________ 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 OC 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 December 4, 2024, the Board of Directors (the “Board”) of Owens Corning (the “Company”), expanded the number of directors on the Board from ten to eleven and elected Michelle T. Collins to serve as a director of the Company, both effective on December 4, 2024 (the “Effective Date”). T

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