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CUMMINS INC — fact timeline

Source-grounded facts extracted from CUMMINS INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

CMI CUMMINS INC JSON
Shareholder Votes

CUMMINS INC shareholders rejected Shareholder Proposal Requesting a Report on the Company's Charitable Support at the 2026-05-12 meeting.

“6. Shareholder Proposal Requesting a Report on the Company's Charitable Support For Against Abstain Broker Non-Votes 1,881,650 104,240,231 1,079,379 14,244,942”
Shareholder Votes

CUMMINS INC shareholders rejected Shareholder Proposal to Adopt a Policy for Separation of the Roles of Chairperson and Chief Executive Officer at the 2026-05-12 meeting.

“5. Shareholder Proposal to Adopt a Policy for Separation of the Roles of Chairperson and Chief Executive Officer For Against Abstain Broker Non-Votes 24,007,807 82,570,309 623,144 14,244,942”
Shareholder Votes

CUMMINS INC shareholders approved Approval of the Company's 2026 Omnibus Incentive Plan at the 2026-05-12 meeting.

“4. Approval of the Company's 2026 Omnibus Incentive Plan For Against Abstain Broker Non-Votes 102,647,695 4,155,893 397,672 14,244,942”
Shareholder Votes

CUMMINS INC shareholders approved Ratification of the Appointment of PricewaterhouseCoopers LLP as the Company’s Independent Registered Public Accounting Firm for 2026 at the 2026-05-12 meeting.

“3. Ratification of the Appointment of PricewaterhouseCoopers LLP as the Company’s Independent Registered Public Accounting Firm for 2026 For Against Abstain Broker Non-Votes 113,910,556 7,338,022 197,624 —”
Shareholder Votes

CUMMINS INC shareholders approved Advisory Vote on the Compensation of the Company’s Named Executive Officers at the 2026-05-12 meeting.

“2. Advisory Vote on the Compensation of the Company’s Named Executive Officers For Against Abstain Broker Non-Votes 101,865,982 4,995,353 339,925 14,244,942”
Shareholder Votes

CUMMINS INC shareholders approved Election of Eleven Directors for a One-Year Term to Expire at the Company’s 2027 Annual Meeting of Shareholders at the 2026-05-12 meeting.

“1. Election of Eleven Directors for a One-Year Term to Expire at the Company’s 2027 Annual Meeting of Shareholders Name For Against Abstain Broker Non-Votes Jennifer W. Rumsey 101,443,390 5,261,855 496,015 14,244,942 Gary L. Belske 105,239,392 1,751,706 210,162 14,244,942 Bruno V. Di Leo Allen 104,496,790 2,494,436 210,034 14,244,942 Daniel W. Fisher 105,664,671 1,328,505 208,084 14,244,942 Carla A. Harris 100,606,556 6,389,670 205,034 14,244,942 Thomas J. Lynch 102,900,496 4,096,281 204,483 14,244,942 William I. Miller 99,983,877 7,022,677 194,706 14,244,942 Kimberly A. Nelson 105,522,089 1,474,821 204,350 14,244,942 Karen H. Quintos 102,388,988 4,596,070 216,202 14,244,942 John H. Stone 105,646,356 1,363,006 191,898 14,244,942 Matthew Tsien 106,581,920 436,853 182,487 14,244,942”
Earnings Releases

CUMMINS INC reported first quarter of 2026 results: revenue $8.4 billion, net income $654 million, EPS $4.71. Guidance raised.

“5, 2026 Cummins delivered strong operating results and returned $519 million to shareholders in the first quarter of 2026; raises full-year outlook • First-quarter revenues of $8.4 billion; GAAP 1 Net Income of $654 million, or 7.8% of sales • EBITDA 2 in the first quarter was 15.4% of sales; Diluted EPS of $4.71 • First-quarter results include $199 million, or”
Debt Financings

CUMMINS INC incurred revolving credit of up to $2.0 billion with JPMorgan Chase Bank, N.A. at SOFR plus 0.50% to 1.00% maturing June 2, 2028.

““5-Year Maturity Date”), the Borrowers may obtain revolving and swingline loans and letters of credit, in each case subject to certain amount limitations, in an amount up to $2.0 billion in the aggregate outstanding at any time prior to the 5-Year Maturity Date. The 5-Year Credit Agreement amends and restates in its entirety that certain Second Amended and”
Debt Financings

CUMMINS INC incurred revolving credit of up to $2.0 billion with JPMorgan Chase Bank, N.A. at SOFR plus 0.50% to 1.00% maturing June 2, 2030.

““5-Year Maturity Date”), the Borrowers may obtain revolving and swingline loans and letters of credit, in each case subject to certain amount limitations, in an amount up to $2.0 billion in the aggregate outstanding at any time prior to the 5-Year Maturity Date. The 5-Year Credit Agreement amends and restates in its entirety that certain Second Amended and”

Sharon R. Barner departed as Chief Administrative Officer at CUMMINS INC.

“On March 18, 2025, Cummins Inc. (the “Company”) issued a press release announcing that Sharon R. Barner, the Company’s Chief Administrative Officer, will retire from the Company, effective May 31, 2025.”

Tony Satterthwaite departed as Senior Vice President at CUMMINS INC.

“Tony Satterthwaite, the Company’s Senior Vice President, will retire from the Company, effective September 15, 2024.”
Shareholder Votes

CUMMINS INC shareholders rejected 5. Shareholder Proposal Regarding Linking Executive Compensation to Achieving 1.5°C emissions reductions at the 2024-05-14 meeting.

“5. Shareholder Proposal Regarding Linking Executive Compensation to Achieving 1.5°C emissions reductions For Against Abstain Broker Non-Votes 15,609,081 79,253,669 493,122 17,523,019”
Shareholder Votes

CUMMINS INC shareholders rejected 4. Shareholder Proposal Regarding an Independent Board Chairman at the 2024-05-14 meeting.

“4. Shareholder Proposal Regarding an Independent Board Chairman For Against Abstain Broker Non-Votes 41,415,876 53,460,424 479,572 17,523,019”
Shareholder Votes

CUMMINS INC shareholders approved 2. Advisory Vote on the Compensation of the Company’s Named Executive Officers at the 2024-05-14 meeting.

“2. Advisory Vote on the Compensation of the Company’s Named Executive Officers For Against Abstain Broker Non-Votes 89,248,608 5,655,401 451,863 17,523,019”
Shareholder Votes

CUMMINS INC shareholders approved 1. Election of Eleven Directors for a One-Year Term to Expire at the Company’s 2025 Annual Meeting of Shareholders at the 2024-05-14 meeting.

“Item 5.07. Submission of Matters to a Vote of Security Holders. On May 14, 2024, at the 2024 annual meeting of shareholders (the “Annual Meeting”) of Cummins Inc. (the “Company”), the Company’s shareholders voted on the following proposals: • The election of eleven directors for a one-year term to expire at the Company’s 2025 annual meeting of shareholders; • An advisory vote on the compensation of the Company’s named executive officers; • The ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s auditors for 2024; • A shareholder proposal regarding an independent board chairman; and • A shareholder proposal regarding linking executive compensation to achieving 1.5°C emissions reductions.”
Earnings Releases

CUMMINS INC reported the first quarter of 2024 results: revenue $8.4 billion, net income $2.0 billion, EPS $14.03 per diluted share. Guidance raised.

“of the Company under the Securities Act of 1933 or the Exchange Act. --- EX-99 (EX-99) --- May 2, 2024 Cummins Reports First Quarter 2024 Results • First quarter revenues of $8.4 billion; GAAP 1 Net Income of $2.0 billion • EBITDA in the first quarter was 30.6% of sales; Diluted EPS of $14.03 • First quarter results include a net gain of $1.3 billion, or $9.08”
Debt Financings

CUMMINS INC incurred senior notes of $1 billion with U.S. Bank National Association at 5.450% per maturing February 20, 2054.

“of the Company’s 4.900% Senior Notes due 2029 (the “2029 Notes”), $750 million aggregate principal amount of the Company’s 5.150% Senior Notes due 2034 (the “20304 Notes) and $1 billion aggregate principal amount of the Company’s 5.450% Senior Notes due 2054 (the “2054 Notes,” and together with the 2029 Notes and the 2034 Notes, the “Notes”) . The Notes were”
Debt Financings

CUMMINS INC incurred senior notes of $750 million with U.S. Bank National Association at 5.150% per year maturing February 20, 2034.

“Inc. (the “Company”) completed a public offering (the “Offering”) of $500 million aggregate principal amount of the Company’s 4.900% Senior Notes due 2029 (the “2029 Notes”), $750 million aggregate principal amount of the Company’s 5.150% Senior Notes due 2034 (the “20304 Notes) and $1 billion aggregate principal amount of the Company’s 5.450% Senior Notes due”
Debt Financings

CUMMINS INC incurred senior notes of $500 million with U.S. Bank National Association at 4.900% per year maturing February 20, 2029.

“or an Obligation under an Off-Balance Sheet Arrangement of a Registrant . On February 20, 2024, Cummins Inc. (the “Company”) completed a public offering (the “Offering”) of $500 million aggregate principal amount of the Company’s 4.900% Senior Notes due 2029 (the “2029 Notes”), $750 million aggregate principal amount of the Company’s 5.150% Senior Notes due”

John H. Stone was elected as Director at CUMMINS INC.

“On February 12, 2024, Cummins Inc. (the “Company”) elected John H. Stone, President and Chief Executive Officer of Allegion plc, as a director of the Company to serve until the Company’s next annual meeting of shareholders.”
Earnings Releases

CUMMINS INC reported full year 2023 results: revenue $34.1 billion, net income Net Income of $735 million, EPS $5.15 per diluted share. Guidance reaffirmed.

“of voluntary retirement and separation programs ◦ $33 million, or $0.17 per diluted share, of costs related to the separation of Atmus • Full year 2023 revenues of $34.1 billion; GAAP 1 Net Income of $735 million • EBITDA for full year 2023 was 8.9% of sales; Diluted EPS of $5.15 • Full year 2024 revenues expected to decline between 2% and 5%; EBITDA”
Earnings Releases

CUMMINS INC reported fourth quarter of 2023 results: revenue $8.5 billion, net income Net loss of $1.4 billion, EPS $(10.01) per diluted share. Guidance reaffirmed.

“Securities Act of 1933 or the Exchange Act. --- EX-99 (EX-99) --- February 6, 2024 Cummins Reports Fourth Quarter and Full Year 2023 Results • Fourth quarter 2023 revenues of $8.5 billion; GAAP 1 Net Loss of $1.4 billion • Fourth quarter 2023 EBITDA was negative 10.3% of sales; Diluted EPS of $(10.01) • The results for the fourth quarter 2023 reflect: ◦ $2.04”
Earnings Releases

CUMMINS INC reported the third quarter of 2023 results: revenue $8.4 billion, net income $656 million, EPS $4.59. Guidance raised.

“Company under the Securities Act of 1933 or the Exchange Act. --- EX-99 (EX-99) --- November 2, 2023 Cummins Reports Third Quarter 2023 Results • Third quarter revenues of $8.4 billion; GAAP 1 Net Income of $656 million • EBITDA in the third quarter was 14.6 percent of sales; Diluted EPS of $4.59 • Third quarter results include $26 million, or $0.14 per diluted”

Daniel W. Fisher was elected as Director at CUMMINS INC.

“On October 9, 2023, Cummins Inc. (the “Company”) elected Daniel W. Fisher, Chairman and Chief Executive Officer of Ball Corporation as a director of the Company to serve until the Company’s next annual meeting of shareholders.”

Tracy A. Embree resigned as Vice President and President – Distribution Business at CUMMINS INC.

“On August 25, 2023, Tracy A. Embree, Cummins Inc.’s Vice President and President – Distribution Business, provided notice of her intention to resign from Cummins Inc., effective September 8, 2023.”
Earnings Releases

CUMMINS INC reported the second quarter of 2023 results: revenue $8.6 billion, net income $720 million, EPS $5.05 per diluted share. Guidance reaffirmed.

“Cummins Inc. (NYSE: CMI) today reported results for the second quarter of 2023. Second quarter revenues of $8.6 billion increased 31 percent from the same quarter in 2022.”

N. Thomas Linebarger retired as Executive Chairperson at CUMMINS INC.

“following current Executive Chairperson N. Thomas Linebarger’s retirement from the Board on July 31, 2023.”

Jennifer Rumsey was elected as Chairperson of the Board at CUMMINS INC.

“On July 12, 2023, Cummins Inc. (the “Company”) announced that its Board of Directors (the “Board”) elected Jennifer Rumsey, the Company’s President and Chief Executive Officer, as Chairperson of the Board effective August 1, 2023, following current Executive Chairperson N. Thomas Linebarger’s retirement from the Board on July 31, 2023.”
Debt Financings

CUMMINS INC incurred revolving credit of up to $2.0 billion with JPMorgan Chase Bank, N.A. at Adjusted Term SOFR Rate or Adjusted EURIBO Rate plus a rate ranging from 0.45% t maturing June 3, 2024.

“nd JPMorgan Chase Bank, N.A. (“JPMorgan”), as administrative agent. Under the 364-Day Credit Agreement, the Borrowers may”
Material Agreements

CUMMINS INC terminated Incremental 364-Day Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto valued at $500 million (effective 2023-06-05).

“the Company terminated the Incremental 364-Day Credit Agreement, dated as of August 17, 2022, by and among the Company, the other Borrowers party thereto, the lenders party thereto and JPMorgan, as administrative agent, which, prior to termination, permitted the Borrowers to obtain revolving loans in an amount up to $500 million in the aggregate outstanding from time to time.”
Material Agreements

CUMMINS INC amended Fifth Amended and Restated 364-Day Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders named therein valued at $2.0 billion (effective 2023-06-05).

“On June 5, 2023, Cummins Inc. (the “Company”) entered into a Fifth Amended and Restated 364-Day Credit Agreement (the “364-Day Credit Agreement”) by and among the Company, certain of its subsidiaries (together with the Company, the “Borrowers”), the lenders named therein (the “Lenders”) and JPMorgan Chase Bank, N.A. (“JPMorgan”), as administrative agent. Under the 364-Day Credit Agreement, the Borrowers may obtain revolving and swingline loans, in each case subject to certain amount limitations, in an amount up to $2.0 billion in the aggregate outstanding at any time prior to June 3, 2024 (the “Commitment Termination Date”).”
Shareholder Votes

CUMMINS INC shareholders rejected Shareholder proposal regarding linking executive compensation to achieving 1.5°C emissions reductions at the 2023-05-09 meeting.

“7. Shareholder Proposal Regarding Linking Executive Compensation to Achieving 1.5°C emissions reductions For Against Abstain Broker Non-Votes 16,659,327 93,665,876 655,150 12,922,893”
Shareholder Votes

CUMMINS INC shareholders rejected Shareholder proposal regarding an independent board chairman at the 2023-05-09 meeting.

“6. Shareholder Proposal Regarding an Independent Board Chairman For Against Abstain Broker Non-Votes 47,897,281 62,562,105 520,967 12,922,893”
Shareholder Votes

CUMMINS INC shareholders approved Approval of the ESPP at the 2023-05-09 meeting.

“5. Approval of the ESPP For Against Abstain Broker Non-Votes 91,378,284 19,350,782 251,287 12,922,893”
Shareholder Votes

CUMMINS INC shareholders approved Ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s auditors for 2023 at the 2023-05-09 meeting.

“4. Ratification of the Appointment of PricewaterhouseCoopers LLP as the Company’s Auditors for 2023 For Against Abstain Broker Non-Votes 117,442,578 6,180,487 280,181 -”
Shareholder Votes

CUMMINS INC shareholders approved Advisory vote on the frequency of future advisory votes on the compensation of our named executive officers at the 2023-05-09 meeting.

“3. Advisory Vote on the Frequency of Future Advisory Votes on the Compensation of the Company’s Named Executive Officers 1 Year 2 Years 3 Years Abstain Broker Non-Votes 107,687,115 276,737 2,665,616 350,885 N/A”
Shareholder Votes

CUMMINS INC shareholders approved Advisory vote on the compensation of the Company’s named executive officers at the 2023-05-09 meeting.

“2. Advisory Vote on the Compensation of the Company’s Named Executive Officers For Against Abstain Broker Non-Votes 105,483,923 4,674,558 821,872 12,922,893”
Shareholder Votes

CUMMINS INC shareholders approved Election of twelve directors for a one-year term to expire at the Company’s 2024 annual meeting of shareholders at the 2023-05-09 meeting.

“1. Election of Twelve Directors for a One Year Term to Expire at the Company’s 2024 Annual Meeting of Shareholders Name For Against Abstain Broker Non-Votes N. Thomas Linebarger 106,784,943 3,778,685 416,725 12,922,893 Jennifer W. Rumsey 108,897,778 1,826,065 256,510 12,922,893 Gary L. Belske 110,193,341 485,932 301,080 12,922,893 Robert J. Bernhard 104,766,075 5,910,187 304,091 12,922,893 Bruno V. Di Leo Allen 109,645,337 1,009,847 325,169 12,922,893 Stephen B. Dobbs 97,374,401 13,297,160 308,792 12,922,893 Carla A. Harris 106,030,776 4,665,397 284,180 12,922,893 Thomas J. Lynch 106,925,335 3,746,615 308,403 12,922,893 William I. Miller 103,876,376 6,784,437 319,540 12,922,893 Georgia R. Nelson 102,071,439 8,597,796 311,118 12,922,893 Kimberly A. Nelson 109,321,819 1,366,207 292,327 12,922,893 Karen H. Quintos 109,367,970 1,316,227 296,156 12,922,893”
Earnings Releases

CUMMINS INC reported the first quarter of 2023 results: revenue $8.5 billion, net income $790 million, EPS $5.55 per diluted share. Guidance raised.

“under the Securities Act of 1933 or the Exchange Act. --- EX-99 (EX-99) --- May 2, 2023 Cummins Reports Record First Quarter 2023 Results • Record first quarter revenues of $8.5 billion; Record GAAP 1 Net Income of $790 million • EBITDA in the first quarter was 16.1 percent of sales; Record Diluted EPS of $5.55 • First quarter results include $18 million, or”
Debt Financings

CUMMINS INC amended credit facility with Bank of America, N.A. maturing June 30, 2023.

“extend the date on which the Credit Agreement terminates, if the conditions to the initial extension of credit under the Credit Agreement have not been satisfied or waived by such date, from March 30, 2023 to June 30, 2023”
Material Agreements

CUMMINS INC amended Amendment No. 1 to Credit Agreement with Bank of America, N.A., as administrative agent (effective 2023-02-15).

“On February 15, 2023 (the “Amendment Effective Date”), certain subsidiaries of Cummins Inc. (the “Company”) entered into an Amendment No. 1 to Credit Agreement (the “Amendment”), among Atmus Filtration Technologies Inc. (“Parent Borrower”), Cummins Filtration Inc (“Opco Borrower”), the lenders party thereto, and Bank of America, N.A., as administrative agent (in such capacity, the “Administrative Agent”), which amends that certain Credit Agreement, dated as of September 30, 2022 (the “Existing Credit Agreement”; the Existing Credit Agreement as amended by the Amendment, the “Credit Agreement”), among Parent Borrower, Opco Borrower, the other loan parties from time to time party thereto, the lenders from time to time party thereto, and the Administrative Agent.”
Earnings Releases

CUMMINS INC updated its full year 2023 guidance (raised).

“Cummins projects full year 2023 revenues to be up 12 to 17 percent, and EBITDA to be in the range of 14.5 and 15.2 percent of sales.”
Earnings Releases

CUMMINS INC reported full year 2022 results: revenue $28.1 billion, net income $2.2 billion, EPS $15.12.

“Full year revenues of $28.1 billion; GAAP 1 Net Income of $2.2 billion • EBITDA for the full year was 13.5 percent of sales; Diluted EPS of $15.12”
Earnings Releases

CUMMINS INC reported fourth quarter of 2022 results: revenue $7.8 billion, net income $631 million, EPS $4.43.

“Fourth quarter revenues of $7.8 billion; GAAP 1 Net Income of $631 million • EBITDA in the fourth quarter was 14.2 percent of sales; Diluted EPS of $4.43”

Franklin R. Chang Diaz resigned as Director at CUMMINS INC.

“On November 15, 2022, Franklin R. Chang Diaz provided notice of his intention to resign from the Board of Directors of Cummins Inc. (the “Company”), including all the committees thereof, effective November 15, 2022.”
Earnings Releases

CUMMINS INC updated its full year 2022 guidance (lowered).

“Full year 2022 EBITDA guidance, excluding the Meritor business, is lowered to approximately 15.0 percent, from prior guidance of approximately 15.5 percent.”
Earnings Releases

CUMMINS INC reported third quarter of 2022 results: revenue $7.3 billion, net income $400 million, EPS $2.82. Guidance lowered.

“Company under the Securities Act of 1933 or the Exchange Act. --- EX-99 (EX-99) --- November 3, 2022 Cummins Reports Third Quarter 2022 Results • Third quarter revenues of $7.3 billion • GAAP 1 Net Income of $400 million, or 5.5 percent of sales; diluted EPS of $2.82 • EBITDA in the third quarter was 12.1 percent of sales • Third quarter results reflect: ◦ Two”

Jennifer Rumsey changed role as President and Chief Executive Officer at CUMMINS INC.

“Jennifer Rumsey, the Company’s President and Chief Operating Officer, will succeed Mr. Linebarger as the Company’s President and Chief Executive Officer, effective August 1, 2022.”

Tom Linebarger changed role as Executive Chairman at CUMMINS INC.

“Tom Linebarger, the Company’s Chairman of the Board of Directors (the “Board”) and Chief Executive Officer since 2012, will end his term as Chief Executive Officer, effective August 1, 2022. Mr. Linebarger will continue to serve as Chairman of the Board and will transition to an Executive Chairman role, also effective August 1, 2022.”

Gary L. Belske was elected as director at CUMMINS INC.

“On July 11, 2022, the Board of Directors of Cummins Inc. (the "Company") elected Gary L. Belske, former Deputy Managing Partner and Chief Operating Officer of Ernst & Young, as director of the Company to serve until the Company's next annual meeting of shareholders.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.