secwatch.observer — SEC 8-K summary
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Issuer:     COMMERCIAL METALS Co (CMC)
CIK:        0000022444
Form:       8-K
Filed at:   2023-07-10T23:59:59+00:00
Accession:  0001193125-23-184260
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/22444/000119312523184260/0001193125-23-184260-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/22444/000119312523184260/d524701d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-184260

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer