---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-22-015759"
form_type: "8-K"
ticker: "CSX"
cik: "0000277948"
company_name: "CSX CORP"
filed_at: "2022-09-15T23:59:59+00:00"
generated_at: "2026-06-23T09:31:39.200498+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CSX appoints Joseph Hinrichs as CEO effective Sept 26; Foote retires as planned

## Summary
- Joseph R. Hinrichs appointed President and CEO effective September 26, 2022, succeeding James M. Foote.
- Foote retires as CEO and from the Board on Sept 26; will serve as advisor through March 31, 2023.
- Hinrichs receives $1.4M base salary, 150% target bonus, $7M sign-on equity (50% PSUs, 50% RSUs), and $10M 2023 LTIP target.
- Board also adopted an Executive Severance Plan for officers other than CEO providing cash severance equal to base salary plus target bonus paid over 12 months.

## SEC filing metadata
- accession: 0000950103-22-015759
- form_type: 8-K
- ticker: CSX
- cik: 0000277948
- company_name: CSX CORP
- filed_at: 2022-09-15T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/277948/000095010322015759/0000950103-22-015759-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/277948/000095010322015759/dp180343_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-22-015759
- JSON: https://secwatch.observer/filing/0000950103-22-015759.json
- Plain text: https://secwatch.observer/filing/0000950103-22-015759.txt

## Key facts
- Executive change
  James M. Foote retired as President and Chief Executive Officer at CSX CORP.
  - Action: retired
  - Role: President and Chief Executive Officer
  source text: James M. Foote, who announced that he plans to retire as President and Chief Executive Officer, as well as from the Board of Directors, effective September 26, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/277948/000095010322015759/0000950103-22-015759-index.htm
- Executive change
  Joseph R. Hinrichs was appointed as President and Chief Executive Officer at CSX CORP.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: announced that, as part of a planned succession process, its Board of Directors appointed Joseph R. Hinrichs as the Company’s new President and Chief Executive Officer, and as a member of the Board of Directors, effective September 26, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/277948/000095010322015759/0000950103-22-015759-index.htm

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