Cleveland-Cliffs Elects New Directors, Updates Officer Compensation
Ticker: CLF · Form: 8-K · Filed: Jan 3, 2025 · CIK: 764065
Sentiment: neutral
Topics: governance, board-of-directors, executive-compensation
Related Tickers: CLF
TL;DR
Cliffs just added two new board members and tweaked exec pay. Board shakeup incoming?
AI Summary
Cleveland-Cliffs Inc. announced on January 3, 2025, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Dr. Laura L. Peterson and Mr. Michael J. Roney, to its Board, effective immediately. The filing also disclosed updates to the compensatory arrangements for certain officers.
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 — This filing primarily concerns routine corporate governance matters such as director elections and compensation adjustments, which typically carry low inherent risk.
Key Players & Entities
- Cleveland-Cliffs Inc. (company) — Registrant
- Dr. Laura L. Peterson (person) — Newly elected director
- Mr. Michael J. Roney (person) — Newly elected director
- January 3, 2025 (date) — Effective date of director appointments
FAQ
Who are the newly elected directors to Cleveland-Cliffs' Board?
Dr. Laura L. Peterson and Mr. Michael J. Roney were elected as new directors.
When were the new directors elected?
The election of the new directors was effective January 3, 2025.
What other information is disclosed in this 8-K filing?
The filing also covers compensatory arrangements of certain officers.
What is the state of incorporation for Cleveland-Cliffs Inc.?
Cleveland-Cliffs Inc. is incorporated in Ohio.
What is the principal executive office address for Cleveland-Cliffs Inc.?
The principal executive offices are located at 200 Public Square, Suite 3300, Cleveland, Ohio 44114-2315.
Filing Stats: 701 words · 3 min read · ~2 pages · Grade level 12 · Accepted 2025-01-03 17:18:07
Key Financial Figures
- $0.125 — h registered: Common Shares, par value $0.125 per share CLF New York Stock Exchange
Filing Documents
- clf-20250103.htm (8-K) — 28KB
- 0000764065-25-000004.txt ( ) — 153KB
- clf-20250103.xsd (EX-101.SCH) — 2KB
- clf-20250103_lab.xml (EX-101.LAB) — 22KB
- clf-20250103_pre.xml (EX-101.PRE) — 13KB
- clf-20250103_htm.xml (XML) — 3KB
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. CLEVELAND-CLIFFS INC. Date: January 3, 2025 By: /s/ James D. Graham Name: James D. Graham Title: Executive Vice President, Chief Legal and Administrative Officer & Secretary 3