{"schema_version":"secwatch.filing_event.v1","accession":"0001616862-22-000027","form_type":"8-K","ticker":"AXTA","cik":"0001616862","company_name":"Axalta Coating Systems Ltd.","filed_at":"2022-07-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:56.372375+00:00","generated_at":"2026-06-24T08:45:19.155853+00:00","sec_items":["2.02","5.02","7.01","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Axalta CEO Bryant to step down; Q2 net sales +9.6% to $1.23B, diluted EPS $0.20 vs $0.54","bullets":["Robert Bryant steps down as CEO and President effective Aug 31, 2022; will also leave Board.","Rakesh Sachdev, former CEO of Platform Specialty Products and Sigma-Aldrich, appointed interim CEO.","Net sales $1,234.9M (+9.6% YoY); income from operations $103.6M vs $190.4M; diluted EPS $0.20 vs $0.54.","Q3 guidance: Adj. EBIT $140-165M; Adj. diluted EPS $0.37-0.45; expect raw material inflation high teens.","CFO Sean Lannon receives $3.5M cash retention award, subject to 24-month continued employment and non-compete."],"urls":{"canonical":"https://secwatch.observer/filing/0001616862-22-000027","json":"https://secwatch.observer/filing/0001616862-22-000027.json","markdown":"https://secwatch.observer/filing/0001616862-22-000027.md","text":"https://secwatch.observer/filing/0001616862-22-000027.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1616862/000161686222000027/0001616862-22-000027-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1616862/000161686222000027/axta-20220726.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-24T08:45:19.155853+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3488cd433e","claim":"Robert Bryant departed as Director at Axalta Coating Systems Ltd..","evidence_excerpt":"Mr. Bryant will also step down from the Company’s Board of Directors (the “Board”) on such date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1616862/000161686222000027/0001616862-22-000027-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"stepped down"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"ad4dbb497f","claim":"Rakesh Sachdev was appointed as Interim Chief Executive Officer and President at Axalta Coating Systems Ltd..","evidence_excerpt":"The Board has appointed Rakesh Sachdev, currently an independent member of the Board, to serve as Interim Chief Executive Officer and President (“Interim CEO”) of the Company, effective as of August 31, 2022","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1616862/000161686222000027/0001616862-22-000027-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Interim Chief Executive Officer and President"}],"fact_type":"executive_change"},{"claim_id":"af8c8279c0","claim":"Robert Bryant departed as Chief Executive Officer and President at Axalta Coating Systems Ltd..","evidence_excerpt":"Robert Bryant will step down from his position as Chief Executive Officer and President (“CEO”) of the Company, effective as of August 31, 2022.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1616862/000161686222000027/0001616862-22-000027-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"stepped down"},{"label":"Role","value":"Chief Executive Officer and President"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}