---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-184260"
form_type: "8-K"
ticker: "CMC"
cik: "0000022444"
company_name: "COMMERCIAL METALS Co"
filed_at: "2023-07-10T23:59:59+00:00"
generated_at: "2026-06-13T10:45:01.438506+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# CMC CEO Barbara Smith to retire; President Peter Matt named CEO effective Sept 1, 2023

## Summary
- Barbara Smith retires as CEO, becomes Executive Chairman on Sept 1, 2023.
- Peter Matt, formerly President, appointed CEO and President effective Sept 1, 2023.
- Matt receives base salary of $1M, annual cash bonus up to 125% and equity target of 450%.
- Smith receives base salary of $800K, annual cash bonus up to 100% and equity target of 400%.
- Succession follows a long-term planning process; Matt joined CMC as President in April 2023.

## SEC filing metadata
- accession: 0001193125-23-184260
- form_type: 8-K
- ticker: CMC
- cik: 0000022444
- company_name: COMMERCIAL METALS Co
- filed_at: 2023-07-10T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/22444/000119312523184260/0001193125-23-184260-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/22444/000119312523184260/d524701d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-184260
- JSON: https://secwatch.observer/filing/0001193125-23-184260.json
- Plain text: https://secwatch.observer/filing/0001193125-23-184260.txt

## Key facts
- Executive change
  Peter R. Matt was appointed as Chief Executive Officer and President at COMMERCIAL METALS Co.
  - Action: appointed
  - Role: Chief Executive Officer and President
  source text: Peter R. Matt, the Company’s President, will assume the role of Chief Executive Officer and President of the Company, effective September 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/22444/000119312523184260/0001193125-23-184260-index.htm
- Executive change
  Barbara R. Smith was appointed as Executive Chairman at COMMERCIAL METALS Co.
  - Action: appointed
  - Role: Executive Chairman
  source text: Barbara R. Smith, the Company’s Chairman and Chief Executive Officer, has elected to retire as Chief Executive Officer, effective September 1, 2023; Ms. Smith will continue her service on the Company’s Board of Directors (the “ Board ”) as Executive Chairman effective September 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/22444/000119312523184260/0001193125-23-184260-index.htm

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