Curtiss-Wright Names New CFO
Ticker: CW · Form: 8-K · Filed: 2024-12-16T00:00:00.000Z
Sentiment: neutral
Topics: executive-change, cfo, leadership-transition
TL;DR
Curtiss-Wright appoints Michael St. George as new CFO starting Jan 1, 2025, replacing Robert Smith.
AI Summary
On December 12, 2024, Curtiss-Wright Corporation announced the appointment of Michael R. St. George as Senior Vice President and Chief Financial Officer, effective January 1, 2025. He will succeed the retiring Robert J. L. Smith. St. George previously served as Executive Vice President and Chief Financial Officer of the company's Engineered Products segment.
Why It Matters
This executive transition signals a change in financial leadership, which could impact the company's strategic financial decisions and investor relations.
Risk Assessment
Risk Level: low — The appointment of a new CFO is a standard executive change and does not inherently indicate increased risk for the company.
Key Players & Entities
- Curtiss-Wright Corporation (company) — The reporting company
- Michael R. St. George (person) — Newly appointed Senior Vice President and Chief Financial Officer
- Robert J. L. Smith (person) — Retiring Senior Vice President and Chief Financial Officer
- January 1, 2025 (date) — Effective date of new CFO appointment
- December 12, 2024 (date) — Date of the report
FAQ
Who is the new Senior Vice President and Chief Financial Officer of Curtiss-Wright Corporation?
Michael R. St. George is the new Senior Vice President and Chief Financial Officer, effective January 1, 2025.
When does Michael R. St. George's appointment become effective?
The appointment is effective January 1, 2025.
Who is Michael R. St. George replacing?
He is replacing Robert J. L. Smith, who is retiring.
What was Michael R. St. George's previous role at Curtiss-Wright?
Michael R. St. George previously served as Executive Vice President and Chief Financial Officer of the company's Engineered Products segment.
What is the date of this 8-K filing?
The date of the report is December 12, 2024.
Filing Stats: 869 words · 3 min read · ~3 pages · Grade level 12.7 · Accepted 2024-12-16 10:40:02
Key Financial Figures
- $240 million — rchases under current authorizations is $240 million. The trading plan will include purcha
- $100 million — nclude purchases in the total amount of $100 million. The number of shares of Company common
- $100 m — 24, and will cease upon full use of the $100 million, which is expected to occur by De
- $140 million — this plan, the Company expects to have $140 million in authorization remaining. Adopting
Filing Documents
- cw-20241212.htm (8-K) — 27KB
- ex991_cwx1216.htm (EX-99.1) — 7KB
- image1a.jpg (GRAPHIC) — 4KB
- imagea.jpg (GRAPHIC) — 15KB
- 0000026324-24-000054.txt ( ) — 183KB
- cw-20241212.xsd (EX-101.SCH) — 2KB
- cw-20241212_lab.xml (EX-101.LAB) — 21KB
- cw-20241212_pre.xml (EX-101.PRE) — 12KB
- cw-20241212_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events On December 12, 2024, Curtiss-Wright Corporation (the "Company") entered into a written trading plan under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Company implemented this written trading plan in connection with its previously announced share repurchase programs, under which the total amount available for repurchases under current authorizations is $240 million. The trading plan will include purchases in the total amount of $100 million. The number of shares of Company common stock to be purchased on any purchase day will be up to the maximum daily target volume allowable under Rule 10b-18 of the Exchange Act. This written trading plan will not be effected before December 16, 2024, and will cease upon full use of the $100 million, which is expected to occur by December 31, 2024. Following completion of this plan, the Company expects to have $140 million in authorization remaining. Adopting a trading plan that satisfies the conditions of Rule 10b5-1 allows a company to repurchase its shares at times when it might otherwise be prevented from doing so due to self-imposed trading blackout periods or pursuant to insider trading laws. A broker selected by the Company will have the authority under the terms and limitations specified in the plan to repurchase shares on the Company's behalf in accordance with the terms of the plan. After the expiration of the current trading plan, the Company may from time to time enter into subsequent trading plans under Rule 10b5-1 to facilitate the repurchase of its common stock pursuant to its share repurchase program. Information regarding share repurchases will be available in the Company's periodic reports on Form 10-Q and 10-K filed with the Securities and Exchange Commission as required by the applicable rules of the Exchange Act. This report contains forward-looking information, as that term is defined under the Exchange Act, including information reg
01. FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. (a) Not applicable. (b) Not applicable. (c) Exhibits. 99.1 Press Release dated December 16 , 2024 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. CURTISS-WRIGHT CORPORATION By: /s/ K. Christopher Farkas K. Christopher Farkas Vice President and Chief Financial Officer Date: December 16, 2024