---
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"
generated_at: "2026-06-24T08:45:19.155853+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Axalta CEO Bryant to step down; Q2 net sales +9.6% to $1.23B, diluted EPS $0.20 vs $0.54

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001616862-22-000027
- JSON: https://secwatch.observer/filing/0001616862-22-000027.json
- Plain text: https://secwatch.observer/filing/0001616862-22-000027.txt

## Key facts
- Executive change
  Robert Bryant departed as Director at Axalta Coating Systems Ltd..
  - Action: stepped down
  - Role: Director
  source text: Mr. Bryant will also step down from the Company’s Board of Directors (the “Board”) on such date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1616862/000161686222000027/0001616862-22-000027-index.htm
- Executive change
  Rakesh Sachdev was appointed as Interim Chief Executive Officer and President at Axalta Coating Systems Ltd..
  - Action: appointed
  - Role: Interim Chief Executive Officer and President
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1616862/000161686222000027/0001616862-22-000027-index.htm
- Executive change
  Robert Bryant departed as Chief Executive Officer and President at Axalta Coating Systems Ltd..
  - Action: stepped down
  - Role: Chief Executive Officer and President
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1616862/000161686222000027/0001616862-22-000027-index.htm

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