UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 1, 2023, the Board of Directors (the “Board”) of Carpenter Technology Corporation (the “Company”) appointed Colleen Pritchett as a member of the Board effective immediately. Mrs. Pritchett will serve as a Class I director, with a term ending at the Company’s 2023 annual meeting of stockholders or until her successor is duly elected and qualified. She will serve on the Corporate Governance, Human Capital Management, and Strategy Committees.
Mrs. Pritchett is not party to any arrangements or understandings with any other person pursuant to which she was appointed as a director. Mrs. Pritchett does not have any family relationship with the Company’s executive officers or directors, nor has she engaged in any related party transaction with the Company that would be required to be disclosed pursuant to Item 404 of Regulation S-K.
Mrs. Pritchett is expected to receive compensation for her service on the Board in accordance with the Company’s director compensation program for non-employee directors, which is described in the Company’s Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on September 16, 2022. Mrs. Pritchett has entered into the Company’s standard form of indemnification agreement, which was previously filed by the Company as Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q filed on May 7, 2015.
On June 5, 2023, the Company issued a press release announcing Mrs. Pritchett’s appointment. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 - Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. |
Description | |
| 99.1 | Carpenter Technology Corporation Press Release dated June 5, 2023 | |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101) | |
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.
| CARPENTER TECHNOLOGY CORPORATION | ||
| By | /s/ Timothy Lain | |
| Timothy Lain | ||
| Senior Vice President and Chief Financial Officer | ||
Date: June 7, 2023
Exhibit 99.1
| Media Inquiries: | Investor Inquiries: | |||
| Heather Beardsley | John Huyette | |||
| +1 610-208-2278 | +1 610 208-2061 | |||
| [email protected] | [email protected] |
COLLEEN PRITCHETT JOINS CARPENTER TECHNOLOGY’S BOARD OF DIRECTORS
PHILADELPHIA, June 5, 2023 (GLOBE NEWSWIRE) — Carpenter Technology Corporation (NYSE: CRS) announced today that Colleen Pritchett has been appointed to the Company’s Board of Directors, effective June 1, 2023.
Ms. Pritchett brings more than 25 years of global leadership experience and demonstrated success improving operations and expanding product portfolios through innovation and growth strategies in industrial, electronics and aerospace industries. Ms. Pritchett is currently the President, Aperture Solutions — U.S. at Cornerstone Building Brands, Inc, the largest manufacturer of exterior building products in North America. Prior to her current role, Ms. Pritchett served as President, Americas Aerospace, a division of Hexcel Corporation, a leading producer of carbon fiber reinforcements and resin systems, and the world leader in honeycomb manufacturing for the commercial aerospace industry.
Prior to Hexcel, Ms. Pritchett spent 22 years in various roles of increasing responsibility with DuPont. Ms. Pritchett received her Bachelor of Science in chemical engineering from Penn State University and an MBA from Goizueta Business School at Emory University. She also has leadership training from the Harvard Business School Leadership Program and Women in Governance Program at UCLA.
“We welcome Colleen to Carpenter Technology’s Board of Directors. We are confident that Colleen’s extensive leadership experience, combined with her substantial operational, commercial and strategy background, will be a significant benefit to Carpenter Technology as we continue to grow and build long-term value for shareholders.” said Martin Inglis, Chairman of the Board of Directors.
About Carpenter Technology
Carpenter Technology Corporation is a recognized leader in high-performance specialty alloy-based materials and process solutions for critical applications in the aerospace, defense, transportation, energy, industrial, medical, and consumer electronics markets. Founded in 1889, Carpenter Technology has evolved to become a pioneer in premium specialty alloys, including titanium, nickel, and cobalt, as well as alloys specifically engineered for additive manufacturing (AM) processes and soft magnetics applications. Carpenter Technology has expanded its AM capabilities to provide a complete “end-to-end” solution to accelerate materials innovation and streamline parts production. More information about Carpenter Technology can be found at www.carpentertechnology.com.