secwatch.observer — SEC 8-K summary
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Issuer:     HEXCEL CORP /DE/ (HXL)
CIK:        0000717605
Form:       8-K
Filed at:   2024-04-09T23:59:59+00:00
Accession:  0000930413-24-001263
Event type: leadership
Sentiment:  neutral
Materiality: 0.80
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hexcel appoints Tom Gentile as CEO; Stanage becomes Executive Chairman until Dec 2024
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- Thomas C. Gentile III named CEO & President effective May 1, 2024; former CEO of Spirit AeroSystems (2016-2023).
- Nick Stanage transitions to Executive Chairman from May 1 through December 31, 2024, then retires.
- Gentile receives $1.1M base salary, 110% target bonus, equity target of 440%, $250K cash signing bonus, and $2M sign-on equity.
- Company reaffirms FY2024 guidance: sales $1.925B-$2.025B, adjusted EPS $2.10-$2.30, free cash flow >$200M.
- Mid-term (2024-2026) targets: sales CAGR 10-12%, adjusted EPS CAGR >25%, cumulative adj. EBITDA >$1.5B, FCF >$800M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/717605/000093041324001263/0000930413-24-001263-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/717605/000093041324001263/c108777_8k-ixbrl.htm
  HTML page:      https://secwatch.observer/filing/0000930413-24-001263

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