---
schema_version: "secwatch.filing_event.v1"
accession: "0000025445-24-000084"
form_type: "8-K"
ticker: "CXT"
cik: "0000025445"
company_name: "Crane NXT, Co."
filed_at: "2024-06-20T23:59:59+00:00"
generated_at: "2026-06-01T03:44:45.032529+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Crane NXT appoints Michael Mahan as President of CPI; Kurt Gallo to retire in Feb 2025

## Summary
- Michael Mahan appointed President of Crane Payment Innovations (CPI) effective July 8, 2024, reporting to CEO Aaron Saak.
- Kurt Gallo, SVP and interim President of CPI, announced retirement effective February 28, 2025, to ensure smooth transition.
- Mahan previously led Schneider Electric's multi-billion dollar Transactional & Edge Line of Business, driving sales growth.
- Gallo contributed 16 years to Crane, including acquisitions of MEI and Crane Currency and operational leadership.

## SEC filing metadata
- accession: 0000025445-24-000084
- form_type: 8-K
- ticker: CXT
- cik: 0000025445
- company_name: Crane NXT, Co.
- filed_at: 2024-06-20T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/25445/000002544524000084/0000025445-24-000084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/25445/000002544524000084/cxt-20240617.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000025445-24-000084
- JSON: https://secwatch.observer/filing/0000025445-24-000084.json
- Plain text: https://secwatch.observer/filing/0000025445-24-000084.txt

## Key facts
- Executive change
  Michael Mahan was appointed as President of Crane Payment Innovations (CPI) at Crane NXT, Co..
  - Action: appointed
  - Role: President of Crane Payment Innovations (CPI)
  source text: it has appointed Michael Mahan as President of its Crane Payment Innovations (CPI) business, effective July 8, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/25445/000002544524000084/0000025445-24-000084-index.htm
- Executive change
  Kurt Gallo retired as Senior Vice President and interim President of CPI at Crane NXT, Co..
  - Action: retired
  - Role: Senior Vice President and interim President of CPI
  source text: Kurt Gallo, Senior Vice President and interim President of CPI, informed the Company of his decision to retire from the Company. His retirement will be effective February 28, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/25445/000002544524000084/0000025445-24-000084-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.