secwatch.observer — SEC 8-K summary
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Issuer:     CLEVELAND-CLIFFS INC. (CLF)
CIK:        0000764065
Form:       8-K
Filed at:   2021-08-30T23:59:59+00:00
Accession:  0000764065-21-000191
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 5.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cleveland-Cliffs promotes three executives; Goncalves named CFO effective Sept 1
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- Clifford Smith promoted to EVP & President, Cleveland-Cliffs Steel; Keith Koci to EVP & President, Cleveland-Cliffs Services; Celso Goncalves to EVP, CFO.
- Koci will lead scrap recycling expansion under new Cleveland-Cliffs Services division.
- Goncalves (son of CEO) receives $550k base salary, 100% target cash incentive, 200% LTI target.
- Board grants conflict-of-interest waiver for Goncalves due to familial relationship with CEO.
- All promotions effective September 1, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764065/000076406521000191/0000764065-21-000191-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764065/000076406521000191/clf-20210827.htm
  HTML page:      https://secwatch.observer/filing/0000764065-21-000191

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer