Norfolk Southern Q4 EPS $3.12, op ratio 60.4% record; Shaw to become CEO May 1

NORFOLK SOUTHERN CORP

2021-FY EPS reported $12.11 revenue$11,142,000,000

Q4 net income $760M, diluted EPS $3.12; FY net income $3.005B, diluted EPS $12.11, both records.
Railway operating ratio improved to 60.4% in Q4 and 60.1% for FY, both all-time records.
Alan H. Shaw to succeed James A. Squires as CEO effective May 1, 2022; Shaw elected to board.
Amy E. Miles elected non-executive chair of board effective May 1; Steven Leer remains as director.
Repurchased 12.7M shares for $3.4B in 2021; board amended bylaws to separate CEO/chair roles.

item 2.02 item 5.02 item 5.03 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Alan H. Shaw

Chief Executive Officer

NSC · NORFOLK SOUTHERN CORP

Effective: 2022-05-01
Filed: January 26, 2022, 6:59 PM ET

Mr. Shaw also will succeed James A. Squires as the Company's CEO on May 1, 2022.

Departed

James A. Squires

Chief Executive Officer

NSC · NORFOLK SOUTHERN CORP

Effective: 2022-05-01
Successor: Alan H. Shaw
Filed: January 26, 2022, 6:59 PM ET

Mr. Shaw also will succeed James A. Squires as the Company's CEO on May 1, 2022.

Appointed

Alan H. Shaw

Director

NSC · NORFOLK SOUTHERN CORP

Effective: 2022-05-01
Filed: January 26, 2022, 6:59 PM ET

elected Alan H. Shaw to the Board, effective May 1, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Alan H. Shaw was appointed as Chief Executive Officer at NORFOLK SOUTHERN CORP.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Mr. Shaw also will succeed James A. Squires as the Company's CEO on May 1, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

James A. Squires resigned as Chief Executive Officer at NORFOLK SOUTHERN CORP.

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

Mr. Shaw also will succeed James A. Squires as the Company's CEO on May 1, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Alan H. Shaw was elected as Director at NORFOLK SOUTHERN CORP.

Action: elected
Role: Director

Exact text from the filing

elected Alan H. Shaw to the Board, effective May 1, 2022.

View on SEC.gov

NORFOLK SOUTHERN CORP filing history →

Source: SEC EDGAR

accession 0001552781-22-000119

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