---
schema_version: "secwatch.filing_event.v1"
accession: "0000040211-22-000097"
form_type: "8-K"
ticker: "GATX"
cik: "0000040211"
company_name: "GATX CORP"
filed_at: "2022-08-12T23:59:59+00:00"
generated_at: "2026-06-24T00:31:42.594348+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# GATX enters employment agreement with EVP Tezel transitioning to Strategic Advisor through June 2023

## Summary
- Tezel transitions from President - Rail International to Strategic Advisor effective Oct 1, 2022 through June 30, 2023.
- Separation benefits include base salary continuation for up to 12 months, lump sum of $283,680, and possible additional $225,000.
- Non-compete bars Tezel from working with Trinity Industries or Greenbrier Leasing for one year post-separation.
- CoC Agreement terminates if no change of control by Sept 30, 2022; otherwise benefits under that agreement may apply.
- Outplacement services through Robertson Lowstuter provided; equity awards continue vesting during term.

## SEC filing metadata
- accession: 0000040211-22-000097
- form_type: 8-K
- ticker: GATX
- cik: 0000040211
- company_name: GATX CORP
- filed_at: 2022-08-12T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/40211/000004021122000097/0000040211-22-000097-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/40211/000004021122000097/gatx-20220809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000040211-22-000097
- JSON: https://secwatch.observer/filing/0000040211-22-000097.json
- Plain text: https://secwatch.observer/filing/0000040211-22-000097.txt

## Key facts
- Executive change
  N. Gokce Tezel changed role as Executive Vice President, President - Rail International at GATX CORP.
  - Action: will become Strategic Advisor
  - Role: Executive Vice President, President - Rail International
  source text: As previously reported on June 30, 2022, effective October 1, 2022, N. Gokce Tezel, Executive Vice President of GATX Corporation (the “Company” or “GATX”) and President - Rail International, will become a Strategic Advisor to GATX Chief Executive Officer Robert C. Lyons and other senior leaders of GATX through June 30, 2023 or Mr. Tezel’s earlier voluntary resignation (the “Term”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/40211/000004021122000097/0000040211-22-000097-index.htm

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