secwatch.observer — SEC 8-K summary
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Issuer:     COMMERCIAL METALS Co (CMC)
CIK:        0000022444
Form:       8-K
Filed at:   2023-02-16T23:59:59+00:00
Accession:  0001193125-23-040737
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/22444/000119312523040737/0001193125-23-040737-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/22444/000119312523040737/d419399d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-040737

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