secwatch.observer — SEC 8-K summary
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Issuer:     NORFOLK SOUTHERN CORP (NSC)
CIK:        0000702165
Form:       8-K
Filed at:   2024-09-12T23:59:59+00:00
Accession:  0001193125-24-217556
Event type: leadership
Sentiment:  negative
Materiality: 0.85
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Norfolk Southern fires CEO Alan Shaw for policy violation; appoints CFO Mark George as CEO
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- Board terminated Alan H. Shaw for cause due to consensual relationship with Chief Legal Officer; no severance.
- Mark R. George (previously EVP & CFO) appointed President & CEO and Board member effective immediately.
- George receives $1M base salary, 225% annual incentive, and $4M equity award (50% RSUs, 50% options).
- Jason A. Zampi named Acting CFO; Nabanita Nag terminated as Chief Legal Officer.
- Company reaffirms full-year 2024 guidance provided on July 25, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/702165/000119312524217556/0001193125-24-217556-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/702165/000119312524217556/d846772d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-217556

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