secwatch.observer — SEC 8-K summary
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Issuer:     CLEVELAND-CLIFFS INC. (CLF)
CIK:        0000764065
Form:       8-K
Filed at:   2026-07-24T20:37:55+00:00
Accession:  0000764065-26-000102
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Cleveland-Cliffs appoints Celso Goncalves President and Board member; Lourenco Goncalves remains CEO/Chairman
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- Celso Goncalves, previously EVP & CFO, appointed President and CFO effective July 21, 2026; also joins Board.
- Lourenco Goncalves continues as Chairman and CEO but no longer holds President title.
- Base salary increased from $884,000 to $1,000,000; change-in-control severance multiple extended from 2 to 3 years.
- Celso Goncalves is son of Lourenco Goncalves; no other material arrangements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764065/000076406526000102/0000764065-26-000102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764065/000076406526000102/clf-20260721.htm
  HTML page:      https://secwatch.observer/filing/0000764065-26-000102

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