secwatch.observer — SEC 8-K summary
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Issuer:     CSX CORP (CSX)
CIK:        0000277948
Form:       8-K
Filed at:   2022-09-15T23:59:59+00:00
Accession:  0000950103-22-015759
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/277948/000095010322015759/0000950103-22-015759-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/277948/000095010322015759/dp180343_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-22-015759

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