{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-034874","form_type":"8-K","ticker":"CAT","cik":"0000018230","company_name":"CATERPILLAR INC","filed_at":"2025-04-15T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.940832+00:00","generated_at":"2026-05-23T14:53:12.686396+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Caterpillar CEO Jim Umpleby to become Executive Chairman; COO Joe Creed elected CEO effective May 1, 2025","bullets":["Joe Creed appointed CEO and board member; Jim Umpleby transitions to Executive Chairman, effective May 1, 2025.","Creed salary increased to $1.5M, target AIP 160% of salary, LTIP grant $5.5M (50% PSUs, 25% NQSOs, 25% RSUs).","Umpleby salary reduced to $1.2M, target AIP 125% of salary.","Umpleby led strategy driving over sixfold increase in adjusted profit per share during CEO tenure; 2024 record.","Succession follows multi-year board planning process; Debra Reed-Klages remains independent Presiding Director."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-034874","json":"https://secwatch.observer/filing/0001104659-25-034874.json","markdown":"https://secwatch.observer/filing/0001104659-25-034874.md","text":"https://secwatch.observer/filing/0001104659-25-034874.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/18230/000110465925034874/0001104659-25-034874-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/18230/000110465925034874/tm2511879d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T14:53:12.686396+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b7561de015","claim":"Joseph E. Creed was appointed as Chief Executive Officer at CATERPILLAR INC.","evidence_excerpt":"On April 15, 2025, Caterpillar Inc. (the “Company”) announced that, on April 9, 2025, the Board of Directors (the “Board”) of the Company appointed Joseph E. Creed (49) as the Company’s Chief Executive Officer and as a member of the Board, effective May 1, 2025, succeeding D. James Umpleby III.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/18230/000110465925034874/0001104659-25-034874-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}]},{"claim_id":"f6b60da05d","claim":"D. James Umpleby III changed role as Executive Chairman of the Board at CATERPILLAR INC.","evidence_excerpt":"Mr. Umpleby will continue to serve as Chief Executive Officer until May 1, 2025, at which point he will become Executive Chairman of the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/18230/000110465925034874/0001104659-25-034874-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"become"},{"label":"Role","value":"Executive Chairman of the Board"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}