---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-088635"
form_type: "8-K"
ticker: "CXT"
cik: "0000025445"
company_name: "Crane NXT, Co."
filed_at: "2022-03-30T23:59:59+00:00"
generated_at: "2026-06-26T14:02:23.176088+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Crane Co. to separate into two public companies via tax-free spin-off; Crane NXT (CXT) created

## Summary
- Crane Co. (Aerospace & Electronics, Process Flow) retains CR ticker; expected ~$1.9B sales, ~18.5% EBITDA margin.
- Crane NXT (Payment & Merchandising Technologies) to trade as CXT; expected ~$1.4B sales, ~28% EBITDA margin.
- Spin-off expected within 12 months, tax-free; no shareholder vote; subject to regulatory and customary conditions.
- Max Mitchell continues as CEO of Crane Co.; CEO search for Crane NXT underway.
- Capital deployment unchanged until spin-off; both companies to maintain strong balance sheets and dividends.

## SEC filing metadata
- accession: 0001193125-22-088635
- form_type: 8-K
- ticker: CXT
- cik: 0000025445
- company_name: Crane NXT, Co.
- filed_at: 2022-03-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/25445/000119312522088635/0001193125-22-088635-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/25445/000119312522088635/d337704d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-088635
- JSON: https://secwatch.observer/filing/0001193125-22-088635.json
- Plain text: https://secwatch.observer/filing/0001193125-22-088635.txt

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