---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-305292"
form_type: "8-K"
ticker: "CXT"
cik: "0000025445"
company_name: "Crane NXT, Co."
filed_at: "2022-12-15T23:59:59+00:00"
generated_at: "2026-06-21T04:24:19.021245+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Crane Holdings files Form 10 for spin-off; on track for April 3, 2023 completion

## Summary
- Crane Company (Aero & Electronics, Process Flow, Engineered Materials) expects ~$1.9B sales, 18.5% pre-corporate EBITDA margin.
- Crane NXT (Payment & Merchandising Tech) expects ~$1.4B sales, ~30% pre-corporate EBITDA margin; to trade as 'CXT'.
- Spin-off via tax-free distribution; shareholder approval not required; completion subject to Form 10 effectiveness and board approval.
- Investor conferences for both companies scheduled for March 9, 2023 in New York City.
- Max Mitchell to lead Crane Company as CEO; Aaron Saak to lead Crane NXT.

## SEC filing metadata
- accession: 0001193125-22-305292
- form_type: 8-K
- ticker: CXT
- cik: 0000025445
- company_name: Crane NXT, Co.
- filed_at: 2022-12-15T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/25445/000119312522305292/0001193125-22-305292-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/25445/000119312522305292/d423394d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-305292
- JSON: https://secwatch.observer/filing/0001193125-22-305292.json
- Plain text: https://secwatch.observer/filing/0001193125-22-305292.txt

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