{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-089719","form_type":"8-K","ticker":"CR","cik":"0001944013","company_name":"Crane Co","filed_at":"2023-04-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.608696+00:00","generated_at":"2026-06-17T07:20:27.893982+00:00","sec_items":["1.01","2.03","3.03","5.03","5.01","5.02","5.05","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Crane Company completes spin-off from Crane NXT; draws $300M term loan, appoints new board and leadership","bullets":["Crane Company becomes independent public company; common stock (CR) starts trading on NYSE April 4, 2023.","Drew full $300M under senior unsecured term loan; $275M paid as dividend to Crane NXT pre-spin.","Board expanded to nine directors; James L.L. Tullis named chairman, Sanjay Kapoor added effective April 3.","Executive team: Max H. Mitchell CEO, Richard A. Maue CFO, Anthony M. D'Iorio GC; Marijane Papanikolaou to become CAO on April 24.","Separation agreement, transition services, tax, employee, and IP matters agreements executed with Crane NXT (now CXT)."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-089719","json":"https://secwatch.observer/filing/0001193125-23-089719.json","markdown":"https://secwatch.observer/filing/0001193125-23-089719.md","text":"https://secwatch.observer/filing/0001193125-23-089719.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1944013/000119312523089719/0001193125-23-089719-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1944013/000119312523089719/d491941d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T07:20:27.893982+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3e332b6c6b9747df99e0f6922c7e0bdff5738e28","claim":"Crane Co incurred term loan of $300 million.","evidence_excerpt":"On April 3, 2023, the Company drew down the full $300 million available under the Term Loan.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1944013/000119312523089719/0001193125-23-089719-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$300 million"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"094ceec10e","claim":"John S. Stroup was elected as Director at Crane Co.","evidence_excerpt":"each of James L. L. Tullis, Martin R. Benante, Ronald C. Lindsay, Ellen McClain, Charles G. McClure, Jr., Max H. Mitchell, Jennifer M. Pollino and John S. Stroup was elected to serve as a director on the Company Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1944013/000119312523089719/0001193125-23-089719-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"0a4217e06e","claim":"Jennifer M. Pollino was elected as Director at Crane Co.","evidence_excerpt":"each of James L. L. Tullis, Martin R. Benante, Ronald C. Lindsay, Ellen McClain, Charles G. McClure, Jr., Max H. Mitchell, Jennifer M. Pollino and John S. Stroup was elected to serve as a director on the Company Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1944013/000119312523089719/0001193125-23-089719-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"288a31542e","claim":"Anthony M. D'Iorio resigned as Director at Crane Co.","evidence_excerpt":"each of Richard A. Maue and Anthony M. D’Iorio resigned from his position as a director on the Company Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1944013/000119312523089719/0001193125-23-089719-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"2fe043dc8f","claim":"James L. L. Tullis was elected as Director at Crane Co.","evidence_excerpt":"each of James L. L. Tullis, Martin R. Benante, Ronald C. Lindsay, Ellen McClain, Charles G. McClure, Jr., Max H. Mitchell, Jennifer M. Pollino and John S. Stroup was elected to serve as a director on the Company Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1944013/000119312523089719/0001193125-23-089719-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"520ecb4dd6","claim":"Richard A. Maue resigned as Director at Crane Co.","evidence_excerpt":"each of Richard A. Maue and Anthony M. D’Iorio resigned from his position as a director on the Company Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1944013/000119312523089719/0001193125-23-089719-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"5499313235","claim":"Max H. Mitchell was elected as Director at Crane Co.","evidence_excerpt":"each of James L. L. Tullis, Martin R. Benante, Ronald C. Lindsay, Ellen McClain, Charles G. McClure, Jr., Max H. Mitchell, Jennifer M. Pollino and John S. Stroup was elected to serve as a director on the Company Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1944013/000119312523089719/0001193125-23-089719-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"5d274931af","claim":"Ellen McClain was elected as Director at Crane Co.","evidence_excerpt":"each of James L. L. Tullis, Martin R. Benante, Ronald C. Lindsay, Ellen McClain, Charles G. McClure, Jr., Max H. Mitchell, Jennifer M. Pollino and John S. Stroup was elected to serve as a director on the Company Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1944013/000119312523089719/0001193125-23-089719-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"85adffc8bc","claim":"Sanjay Kapoor was appointed as Director at Crane Co.","evidence_excerpt":"Effective as of the consummation of the Spin-Off on April 3, 2023, Sanjay Kapoor was appointed to serve as an additional director on the Company Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1944013/000119312523089719/0001193125-23-089719-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"c497b80cbe","claim":"James L. L. Tullis was appointed as Chairman of the Board at Crane Co.","evidence_excerpt":"James L. L. Tullis was appointed to serve as the chairman of the Company Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1944013/000119312523089719/0001193125-23-089719-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chairman of the Board"}],"fact_type":"executive_change"},{"claim_id":"e393408d99","claim":"Martin R. Benante was elected as Director at Crane Co.","evidence_excerpt":"each of James L. L. Tullis, Martin R. Benante, Ronald C. Lindsay, Ellen McClain, Charles G. McClure, Jr., Max H. Mitchell, Jennifer M. Pollino and John S. Stroup was elected to serve as a director on the Company Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1944013/000119312523089719/0001193125-23-089719-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"e4988b5939","claim":"Ronald C. Lindsay was elected as Director at Crane Co.","evidence_excerpt":"each of James L. L. Tullis, Martin R. Benante, Ronald C. Lindsay, Ellen McClain, Charles G. McClure, Jr., Max H. Mitchell, Jennifer M. Pollino and John S. Stroup was elected to serve as a director on the Company Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1944013/000119312523089719/0001193125-23-089719-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"fa3dde8ede","claim":"Charles G. McClure, Jr. was elected as Director at Crane Co.","evidence_excerpt":"each of James L. L. Tullis, Martin R. Benante, Ronald C. Lindsay, Ellen McClain, Charles G. McClure, Jr., Max H. Mitchell, Jennifer M. Pollino and John S. Stroup was elected to serve as a director on the Company Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1944013/000119312523089719/0001193125-23-089719-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"6a0c9ce468cf7d98238926559d337435f6e628d1","claim":"Crane Co: Board adopted a Code of Business Conduct and Ethics in connection with the Spin-Off.","evidence_excerpt":"In connection with the Spin-Off, the Company Board adopted a Code of Business Conduct and Ethics.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1944013/000119312523089719/0001193125-23-089719-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"code of ethics"}],"fact_type":"governance_change"},{"claim_id":"a2f68e33a7a53da0cc0417f7297790ac39e47d9c","claim":"Crane Co: By-laws amended and restated (effective 2023-03-28).","evidence_excerpt":"the by-laws of the Company were amended and restated (the \"Amended and Restated By-Laws\")","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1944013/000119312523089719/0001193125-23-089719-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2023-03-28"}],"fact_type":"governance_change"},{"claim_id":"fc39138c0907cbc630d01439e68a30031686fec7","claim":"Crane Co: Certificate of incorporation amended and restated (effective 2023-03-28).","evidence_excerpt":"Effective as of March 28, 2023, the certificate of incorporation of the Company was amended and restated (the \"Amended and Restated Certificate of Incorporation\")","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1944013/000119312523089719/0001193125-23-089719-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-03-28"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}