CMC appoints Peter Matt as President effective April 1, 2023 under succession plan

COMMERCIAL METALS Co

Peter Matt, former Constellium CFO, named President; Barbara Smith remains Chairman and CEO.
Employment agreement includes $800,000 base salary, $200,000 sign-on bonus, and $3.4M LTI award (50% RSUs, 50% PSUs).
Matt eligible for annual cash bonus up to 100% of base salary and target equity grant up to 300% of base salary.
EECA provides double-trigger severance (2x salary only) upon change in control and termination.
Matt to resign from Constellium effective March 31, 2023; will cease board committee membership before assuming role.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Peter R. Matt

President

CMC · COMMERCIAL METALS Co

Effective: 2023-04-01
Filed: February 16, 2023, 6:59 PM ET

the Company’s board of directors (the “ Board ”) appointed Peter R. Matt as President of the Company, effective April 1, 2023

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Peter R. Matt was appointed as President at COMMERCIAL METALS Co.

Action: appointed
Role: President

Exact text from the filing

the Company’s board of directors (the “ Board ”) appointed Peter R. Matt as President of the Company, effective April 1, 2023

View on SEC.gov

COMMERCIAL METALS Co filing history →

Source: SEC EDGAR

accession 0001193125-23-040737

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.