---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-023063"
form_type: "8-K"
ticker: "RAIL"
cik: "0001320854"
company_name: "FreightCar America, Inc."
filed_at: "2023-05-18T23:59:59+00:00"
generated_at: "2026-06-14T20:56:35.338076+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# FreightCar America appoints Nicholas J. Randall as COO effective June 26, 2023

## Summary
- Randall, 50, most recently led a division of Precision Castparts (Berkshire Hathaway) and held senior roles at Alcoa and Jaguar Land Rover.
- Base salary of $450,000; target annual bonus of 75% of base; sign-on award includes $250,000 cash and 300,000 stock options.
- LTIP target value of 125% of base salary, split 50% restricted shares (3-year cliff vest) and 50% stock options (3-year graded vest).
- Eligible for severance plan providing 12 months base salary plus average bonus and COBRA premiums upon qualifying termination.

## SEC filing metadata
- accession: 0000950170-23-023063
- form_type: 8-K
- ticker: RAIL
- cik: 0001320854
- company_name: FreightCar America, Inc.
- filed_at: 2023-05-18T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1320854/000095017023023063/0000950170-23-023063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1320854/000095017023023063/rail-20230512.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-023063
- JSON: https://secwatch.observer/filing/0000950170-23-023063.json
- Plain text: https://secwatch.observer/filing/0000950170-23-023063.txt

## Key facts
- Executive change
  Nicholas J. Randall was appointed as Chief Operating Officer at FreightCar America, Inc..
  - Action: appointed
  - Role: Chief Operating Officer
  source text: On May 12, 2023, FreightCar America, Inc. (the “Company”) entered into a letter agreement with Nicholas J. Randall (the “Randall Letter”) pursuant to which Mr. Randall will become the Company’s Chief Operating Officer, effective June 26, 2023 (the “Effective Date”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1320854/000095017023023063/0000950170-23-023063-index.htm

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