secwatch.observer — SEC 8-K summary
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Issuer:     CATERPILLAR INC (CAT)
CIK:        0000018230
Form:       8-K
Filed at:   2023-10-16T23:59:59+00:00
Accession:  0000018230-23-000051
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Caterpillar appoints Joseph Creed as COO effective Nov 1, 2023; salary to $1.115M
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- Joseph Creed, formerly Group President of Energy & Transportation, appointed COO effective Nov 1, 2023.
- Creed will report to CEO Jim Umpleby; three group presidents (Construction, Resource Industries, Services) will report to Creed.
- Compensation: annual salary raised to $1,115,000; target annual incentive award increased from 115% to 130% of salary.
- Creed's replacement as group president of Energy & Transportation will be named at a later date.
- CFO Andrew Bonfield, CLO Suzette Long, CHRO Cheryl Johnson continue reporting to Umpleby.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18230/000001823023000051/0000018230-23-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18230/000001823023000051/cat-20231011.htm
  HTML page:      https://secwatch.observer/filing/0000018230-23-000051

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