---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-072604"
form_type: "8-K"
ticker: "KEY"
cik: "0000091576"
company_name: "KEYCORP /NEW/"
filed_at: "2023-03-16T23:59:59+00:00"
generated_at: "2026-06-18T01:29:46.680180+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# KeyCorp names Clark Khayat as CFO, replacing retiring Donald Kimble

## Summary
- Donald R. Kimble retired as CFO on March 16; remains Vice Chairman and CAO until May 1, 2023.
- Clark H. I. Khayat, previously Chief Strategy Officer, appointed CFO effective March 16.
- Khayat's STI target raised to $1.1M (from $900k) and LTI target to $1.5M (from $1.2M); base salary unchanged at $600k.
- Kimble eligible for prorated 2023 STI and continued vesting of outstanding LTI awards post-retirement.

## SEC filing metadata
- accession: 0001193125-23-072604
- form_type: 8-K
- ticker: KEY
- cik: 0000091576
- company_name: KEYCORP /NEW/
- filed_at: 2023-03-16T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/91576/000119312523072604/0001193125-23-072604-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/91576/000119312523072604/d463925d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-072604
- JSON: https://secwatch.observer/filing/0001193125-23-072604.json
- Plain text: https://secwatch.observer/filing/0001193125-23-072604.txt

## Key facts
- Executive change
  Donald R. Kimble retired as Chief Financial Officer at KEYCORP /NEW/.
  - Action: retired
  - Role: Chief Financial Officer
  source text: On March 16, 2023, in connection with his previously announced retirement, Donald R. Kimble retired from his position as Chief Financial Officer of KeyCorp
  evidence_url: https://www.sec.gov/Archives/edgar/data/91576/000119312523072604/0001193125-23-072604-index.htm
- Executive change
  Clark H. I. Khayat was appointed as Chief Financial Officer at KEYCORP /NEW/.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: The Company’s Board of Directors appointed Clark H. I. Khayat as Chief Financial Officer effective that same day.
  evidence_url: https://www.sec.gov/Archives/edgar/data/91576/000119312523072604/0001193125-23-072604-index.htm

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