secwatch.observer — SEC 8-K summary
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Issuer:     COMMERCIAL METALS Co (CMC)
CIK:        0000022444
Form:       8-K
Filed at:   2022-10-17T23:59:59+00:00
Accession:  0001193125-22-263298
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Executive VP Tracy L. Porter to retire Dec 31, 2022; enters consulting agreement through April 2023
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- Tracy L. Porter, EVP, will retire effective Dec 31, 2022; consulting agreement from Jan 1 to Apr 30, 2023 as independent contractor.
- Consulting fee: $15,000/month; retains prior performance awards and RSUs under 2013 Long-Term Equity Incentive Plan.
- Porter not eligible for health/welfare benefits after retirement except COBRA.
- Consulting includes customary non-competition, non-solicitation, confidentiality, and release of claims.
- Employment agreement and executive continuity agreement terminate Dec 31, 2022; survival of certain provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/22444/000119312522263298/0001193125-22-263298-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/22444/000119312522263298/d366131d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-263298

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