8-K
filed April 14, 2023, 7:59 PM ET
ticker CP
CIK 0000016875
M&A
confidence high
sentiment positive
materiality 0.85
CP and KCS combine to create CPKC; first single-line railway connecting Canada, US, Mexico
CANADIAN PACIFIC KANSAS CITY LTD/CN
- Completed US$31 billion acquisition of KCS; shares removed from voting trust effective April 14, 2023.
- New CPKC network spans ~20,000 miles, employs ~20,000, and plans $275 million in capital investments over 3 years.
- Leadership: Keith Creel as CEO, Nadeem Velani as CFO, effective immediately; compensation adjustments for Brooks, Redd, Ellis.
- Company renamed Canadian Pacific Kansas City Limited; shares to trade under CP with new CUSIP 13646K108 on April 18.
- Anticipated GHG reduction of 1.9 million tons over 5 years; 64,000 trucks diverted to rail annually.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Nadeem Velani was appointed as Executive Vice-President and Chief Financial Officer at CANADIAN PACIFIC KANSAS CITY LTD/CN.
- Action
- appointed
- Role
- Executive Vice-President and Chief Financial Officer
Exact text from the filing
Nadeem Velani as Executive Vice-President and Chief Financial Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Brooks was appointed as Executive Vice-President and Chief Marketing Officer at CANADIAN PACIFIC KANSAS CITY LTD/CN.
- Action
- appointed
- Role
- Executive Vice-President and Chief Marketing Officer
Exact text from the filing
John Brooks as Executive Vice-President and Chief Marketing Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jeff Ellis was appointed as Executive Vice-President Chief Legal Officer and Corporate Secretary at CANADIAN PACIFIC KANSAS CITY LTD/CN.
- Action
- appointed
- Role
- Executive Vice-President Chief Legal Officer and Corporate Secretary
Exact text from the filing
Jeff Ellis as Executive Vice-President Chief Legal Officer and Corporate Secretary
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mark Redd was appointed as Executive Vice-President and Chief Operating Officer at CANADIAN PACIFIC KANSAS CITY LTD/CN.
- Action
- appointed
- Role
- Executive Vice-President and Chief Operating Officer
Exact text from the filing
Mark Redd as Executive Vice-President and Chief Operating Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Keith Creel was appointed as President and Chief Executive Officer at CANADIAN PACIFIC KANSAS CITY LTD/CN.
- Action
- appointed
- Role
- President and Chief Executive Officer
Exact text from the filing
Keith Creel as President and Chief Executive Officer
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
CANADIAN PACIFIC KANSAS CITY LTD/CN: Company changed its name from Canadian Pacific Railway Limited to Canadian Pacific Kansas City Limited via an amendment to Articles of Incorporation (effective 2023-04-14).
- Change
- charter amendment
- Effective
- 2023-04-14
Exact text from the filing
The Company filed an amendment to its Articles of Incorporation (the “Articles Amendment”) to effect the Name Change effective on April 14, 2023.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
CANADIAN PACIFIC KANSAS CITY LTD/CN terminated Voting Trust Agreement.
- Action
- termination
Exact text from the filing
On the Control Date, the Voting Trust was terminated in accordance with the terms set forth in the Voting Trust Agreement
View on SEC.gov
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