Herbert G. Hotchkiss was removed as Vice President, General Counsel and Secretary at CHART INDUSTRIES INC.
“The executive officers who were removed were: Gerald F. Vinci, President, Joseph R. Brinkman, Vice President and Chief Financial Officer, and Herbert G. Hotchkiss, Vice President, General Counsel and Secretary.”
Joseph R. Brinkman was removed as Vice President and Chief Financial Officer at CHART INDUSTRIES INC.
“The executive officers who were removed were: Gerald F. Vinci, President, Joseph R. Brinkman, Vice President and Chief Financial Officer, and Herbert G. Hotchkiss, Vice President, General Counsel and Secretary.”
Gerald F. Vinci was removed as President at CHART INDUSTRIES INC.
“The executive officers who were removed were: Gerald F. Vinci, President, Joseph R. Brinkman, Vice President and Chief Financial Officer, and Herbert G. Hotchkiss, Vice President, General Counsel and Secretary.”
Roger A. Strauch departed as Director at CHART INDUSTRIES INC.
“The directors who ceased to serve were: Andrew R. Cichocki, Paula M. Harris, Linda A. Harty, Paul E. Mahoney, David M. Sagehorn, Spencer S. Stiles, and Roger A. Strauch.”
Spencer S. Stiles departed as Director at CHART INDUSTRIES INC.
“The directors who ceased to serve were: Andrew R. Cichocki, Paula M. Harris, Linda A. Harty, Paul E. Mahoney, David M. Sagehorn, Spencer S. Stiles, and Roger A. Strauch.”
David M. Sagehorn departed as Director at CHART INDUSTRIES INC.
“The directors who ceased to serve were: Andrew R. Cichocki, Paula M. Harris, Linda A. Harty, Paul E. Mahoney, David M. Sagehorn, Spencer S. Stiles, and Roger A. Strauch.”
Paul E. Mahoney departed as Director at CHART INDUSTRIES INC.
“The directors who ceased to serve were: Andrew R. Cichocki, Paula M. Harris, Linda A. Harty, Paul E. Mahoney, David M. Sagehorn, Spencer S. Stiles, and Roger A. Strauch.”
Linda A. Harty departed as Director at CHART INDUSTRIES INC.
“The directors who ceased to serve were: Andrew R. Cichocki, Paula M. Harris, Linda A. Harty, Paul E. Mahoney, David M. Sagehorn, Spencer S. Stiles, and Roger A. Strauch.”
Paula M. Harris departed as Director at CHART INDUSTRIES INC.
“The directors who ceased to serve were: Andrew R. Cichocki, Paula M. Harris, Linda A. Harty, Paul E. Mahoney, David M. Sagehorn, Spencer S. Stiles, and Roger A. Strauch.”
Andrew R. Cichocki departed as Director at CHART INDUSTRIES INC.
“The directors who ceased to serve were: Andrew R. Cichocki, Paula M. Harris, Linda A. Harty, Paul E. Mahoney, David M. Sagehorn, Spencer S. Stiles, and Roger A. Strauch.”
Jillian C. Evanko was terminated as Senior Advisor at CHART INDUSTRIES INC.
“The Amendment provides for (i) a termination date with respect to Ms. Evanko’s services as Senior Advisor, (ii) a fixed fee payable to Ms. Evanko for such services (subject to the terms and conditions set forth in the Senior Advisor Agreement) and (iii) certain other mutual agreements among the parties with respect to matters related thereto.”
Mark Durham was appointed as Chief Accounting Officer at CHART INDUSTRIES INC.
“Mr. Mark Durham, age 47, currently the Company’s Senior Vice President of Finance, will become the Company’s Chief Accounting Officer upon Ms. Everett’s retirement.”
Stephanie W. Everett departed as Chief Accounting Officer at CHART INDUSTRIES INC.
“Ms. Stephanie W. Everett, Chief Accounting Officer of Chart Industries, Inc. (the “Company”), announced her intention to retire from the Company effective as of May 31, 2025.”
Earnings Releases
CHART INDUSTRIES INC reported first quarter ended March 31, 2024 results: revenue $950.7 million, net income $(0.34) per diluted share, EPS $0.14. Guidance reaffirmed.
“margin were all the highest in any first quarter in our history • Orders of $1.12 billion, an increase of 4.3% which contributed to record backlog of $4.33 billion • Sales of $950.7 million, an increase of 17.4%; pro forma organic growth of 18.3% net of a foreign exchange headwind of (0.9%) • Reported gross margin of 31.8%, an increase of 260 basis points (“bps”) •”
Debt Financings
CHART INDUSTRIES INC amended revolving credit of $1 billion to $1.25 billion with JPMorgan Chase Bank, N.A., as Administrative Agent maturing October 18, 2026, to April 6, 2029.
“increases the total available revolving credit commitment from $1 billion to $1.25 billion and extends the maturity date of the revolving credit facility from October 18, 2026, to April 6, 2029”
Material Agreements
CHART INDUSTRIES INC amended Amendment No. 6 with the lenders party thereto valued at increases the total available revolving credit commitment from $1 billion to $1.25 billion (effective 2024-04-08).
“On April 8, 2024, Chart Industries, Inc. (the “ Company ”) entered into an amendment (“ Amendment No. 6 ”), by and among the Company, the other loan parties party thereto, the issuing banks party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, and the lenders party thereto, which amends its fifth amended and restated credit agreement, dated as of October 18, 2021”
Earnings Releases
CHART INDUSTRIES INC reported the fourth quarter ended December 31, 2023 results: revenue $1.02 billion, EPS $0.88. Guidance initiated.
“Fourth quarter 2023 highlights (as compared to the fourth quarter 2022 pro forma): • Record orders, backlog, sales, gross profit, gross profit margin, operating income, operating income margin, EBITDA, EBITDA margin, adjusted EPS, reported free cash flow (“FCF”) and adjusted free cash flow • Record orders of $1.21 billion, an increase of 28.3% • Record sales of $1.02 billion, an increase of $113 million, or 12.5% • Record backlog of $4.28 billion, up 3.3% versus Q3 2023 • Record reported gross margin of 32.9%, an increase of 540 basis points (“bps”) • Record operating income of $156.0 million, EBITDA of $220.5 million and adjusted EBITDA of $245.2 million which represents 24.2% of sales • Reported diluted earnings per share (“EPS”) of $0.88; adjusted diluted EPS of $2.25”
Earnings Releases
CHART INDUSTRIES INC reported financial results for third quarter ended September 30, 2023.
“Chart Industries, Inc. (the “Company”) issued a news release announcing the Company’s financial results for the third quarter ended September 30, 2023”
Debt Financings
CHART INDUSTRIES INC amended credit facility with JPMorgan Chase Bank, N.A., as Administrative Agent at reduces the interest rate margins applicable to the term loan facility by 50 bas.
“Amendment No. 5 reduces the interest rate margins applicable to the term loan facility by 50 basis points from 2.75% to 2.25%, in the case of base rate loans, and from 3.75% to 3.25%, in the case of Secured Overnight Financing Rate (SOFR) loans.”
Material Agreements
CHART INDUSTRIES INC amended Amendment No. 5 with JPMorgan Chase Bank, N.A., as Administrative Agent, and the lenders party thereto (effective 2023-10-02).
“On October 2, 2023, Chart Industries, Inc. (the “ Company ”) entered into an amendment (“ Amendment No. 5 ”), by and among the Company, the other loan parties party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, and the lenders party thereto, which amends its fifth amended and restated credit agreement, dated as of October 18, 2021”
Earnings Releases
CHART INDUSTRIES INC reported second quarter ended June 30, 2023 results: revenue $908.1 million, EPS ($0.01).
“record orders, record Repair, Service and Leasing (“RSL”) results and a Big LNG equipment award; Book-to-bill of 1.17 supports our 2023 and 2024 growth outlook • Record sales of $908.1 million increased 10.3% (11.5% excluding foreign exchange impact) when compared to the second quarter of 2022 on a proforma basis for the combined business • Record reported gross profit”
Debt Financings
CHART INDUSTRIES INC incurred term loan of $250,000,000 with JPMorgan Chase Bank, N.A. as Administrative Agent.
“Amendment No. 4 provides for the incurrence of incremental term loans in the aggregate principal amount of $250,000,000”
Material Agreements
CHART INDUSTRIES INC amended Amendment No. 4 with JPMorgan Chase Bank, N.A., as Administrative Agent, and the lenders party thereto valued at $250,000,000 (effective 2023-06-30).
“On June 30, 2023, Chart Industries, Inc. (the “ Company ”) entered into an amendment (“ Amendment No. 4 ”), by and among the Company, JPMorgan Chase Bank, N.A., as Administrative Agent, and the lenders party thereto, which amends its fifth amended and restated credit agreement”
Matthew Benkert was appointed as Vice President of Finance and Treasurer at CHART INDUSTRIES INC.
“Also on May 25, 2023, the Company’s Board of Directors appointed Matthew Benkert, most recently the Vice President – Corporate Finance and Treasurer at Interface, Inc., as the Company’s Vice President of Finance and Treasurer, effective June 26, 2023.”
Mark Durham was appointed as Senior Vice President, Finance at CHART INDUSTRIES INC.
“In connection with these internal promotions, the Company also promoted Mark Durham, most recently Global Finance Director at Howden, to Senior Vice President, Finance.”
Robin Catalano changed role as Vice President of Operational Excellence at CHART INDUSTRIES INC.
“Robin Catalano, the Company’s prior Chief Accounting Officer, will assume the role of the Company’s Vice President of Operational Excellence, effective immediately.”
Stephanie Everett was appointed as Chief Accounting Officer at CHART INDUSTRIES INC.
“On May 25, 2023, the Board of Directors of Chart Industries, Inc. (the “Company”), as part of the Company’s regular succession planning process, made certain internal promotions, including appointing Stephanie Everett, age 48, as the Company’s Chief Accounting Officer, effective June 1, 2023.”
Shareholder Votes
CHART INDUSTRIES INC shareholders approved Advisory vote on the frequency of future advisory votes on executive compensation at the 2023-05-25 meeting.
“Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation 36,845,314 9,819 647,417 24,637”
Shareholder Votes
CHART INDUSTRIES INC shareholders approved Approval, on an advisory basis, of the Company’s executive compensation at the 2023-05-25 meeting.
“Approval, on an Advisory Basis, of the Company’s Executive Compensation 33,943,116 3,556,611 27,460 1,702,713”
Shareholder Votes
CHART INDUSTRIES INC shareholders approved Ratification of the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023 at the 2023-05-25 meeting.
“Ratification of Deloitte & Touche LLP as the Company’s Independent Registered Public Accounting Firm 39,196,917 16,029 16,954 0”
Shareholder Votes
CHART INDUSTRIES INC shareholders approved Election of ten directors for a term of one year at the 2023-05-25 meeting.
“Election of Directors For Withheld Broker Non-Votes Jillian C. Evanko 36,961,433 565,754 1,702,713 Andrew C. Cichocki 37,487,153 40,034 1,702,713 Paula M. Harris 36,898,487 628,700 1,702,713 Linda A. Harty 36,689,133 838,054 1,702,713 Paul E. Mahoney 37,466,587 60,600 1,702,713 Singleton B. McAllister 36,652,497 874,690 1,702,713 Michael L. Molinini 36,462,086 1,065,101 1,702,713 David M. Sagehorn 36,900,272 626,915 1,702,713 Spencer S. Stiles 37,465,958 61,229 1,702,713 Roger A. Strauch 36,851,242 675,945 1,702,713”
Earnings Releases
CHART INDUSTRIES INC updated its first quarter ended March 31, 2023 guidance (raised).
“On April 28, 2023, Chart Industries, Inc. (the “Company”) issued a news release announcing the Company’s financial results for the first quarter ended March 31, 2023, as well as supplemental information for the first quarter ended March 31, 2023.”
Earnings Releases
CHART INDUSTRIES INC reported preliminary financial results for first quarter 2023.
“Chart Industries, Inc. (the “Company”) has prepared an Investor Presentation (the “Investor Presentation”) to be used in meetings with stockholders and the investment community. The Investor Presentation provides details about the Company’s first quarter 2023 performance not included in previously issued reports, including first quarter 2023 orders and first quarter 2023 ending backlog.”
M&A Transactions
CHART INDUSTRIES INC completed an acquisition involving Granite Holdings I B.V. for approximately $4.4 billion in cash (closed 2023-03-17).
“as of November 8, 2022 (as amended, the “ Purchase Agreement ”), by and among the Company, the Acquired Companies and the Sellers, the Company paid the Sellers approximately $4.4 billion in cash, as adjusted in accordance with the terms of the Purchase Agreement (the “ Purchase Price ”). The Company funded the Purchase Price and the payment of acquisition-related”
Earnings Releases
CHART INDUSTRIES INC reported Fiscal year ended December 31, 2022 results: revenue $1,612.4 million, EPS $2.21. Guidance reaffirmed.
“• Record fourth quarter 2022 sales of $441.4 million contributed to record full year 2022 sales of $1,612.4 million, an increase of 22.4% (+21.4% organic, +4.8% inorganic offset by 3.9% foreign exchange headwind) compared to 2021 • Record fourth quarter operating income of $60.1 million (adjusted $75.0 million) and record fourth quarter operating income as a percent of sales of 13.6% (adjusted 17.0%) contributed to full year record operating income of $151.5 million • Record reported EBITDA of $102.1 million in the fourth quarter 2022 (adjusted EBITDA of $97.5 million) and EBITDA as a percent of sales of 23.1% (adjusted 22.1%) driven by strong execution, continued pricing actions and small and large project work • Reported fourth quarter 2022 non-diluted earnings per share (“EPS”) of $0.42; when adjusted for one-time items, fourth quarter adjusted non-diluted EPS was $1.67, a quarterly record, contributing to full year 2022 record non-diluted EPS of $2.21 and record adjusted non-dilute”
“• Record fourth quarter 2022 sales of $441.4 million contributed to record full year 2022 sales of $1,612.4 million, an increase of 22.4% (+21.4% organic, +4.8% inorganic offset by 3.9% foreign exchange headwind) compared to 2021 • Record fourth quarter operating income of $60.1 million (adjusted $75.0 million) and record fourth quarter operating income as a percent of sales of 13.6% (adjusted 17.0%) contributed to full year record operating income of $151.5 million • Record reported EBITDA of $102.1 million in the fourth quarter 2022 (adjusted EBITDA of $97.5 million) and EBITDA as a percent of sales of 23.1% (adjusted 22.1%) driven by strong execution, continued pricing actions and small and large project work • Reported fourth quarter 2022 non-diluted earnings per share (“EPS”) of $0.42; when adjusted for one-time items, fourth quarter adjusted non-diluted EPS was $1.67, a quarterly record, contributing to full year 2022 record non-diluted EPS of $2.21 and record adjusted non-dilute”
Brian Bostrom was appointed as Chief Technology Officer at CHART INDUSTRIES INC.
“Effective as of Mr. Ducote’s move to part-time employment, Brian Bostrom has been promoted to Chief Technology Officer of the Company.”
Douglas A. Ducote, Jr. changed role as Chief Technology Officer at CHART INDUSTRIES INC.
“On January 9, 2023, Douglas A. Ducote, Jr., Chief Technology Officer of Chart Industries, Inc. (the “Company”), announced his plans to assume a part-time position with the Company through which he will continue to provide support to the Company’s LNG customers, and support the Company’s Chief Executive Officer and executive management team on strategy and innovation matters.”
Debt Financings
CHART INDUSTRIES INC incurred senior notes of $510,000,000 with U.S. Bank Trust Company, National Association at 9.500% per year maturing January 1, 2031.
“(ii) $510,000,000 aggregate principal amount of 9.500% Senior Notes due 2031 (the “ Unsecured Notes ” and, together with the Secured Notes, the “ Notes ”) at an issue price of 97.949%”
Debt Financings
CHART INDUSTRIES INC incurred senior notes of $1,460,000,000 with U.S. Bank Trust Company, National Association at 7.500% per year maturing January 1, 2030.
“On December 22, 2022, Chart Industries, Inc. (“ Chart ”) issued (i) $1,460,000,000 aggregate principal amount of 7.500% Senior Secured Notes due 2030 (the “ Secured Notes ”) at an issue price of 98.661%”
Governance Changes
CHART INDUSTRIES INC: Filed Certificate of Designations for Mandatory Convertible Preferred Stock with the Secretary of State of Delaware, establishing preferences, limitations and relative rights (effective 2022-12-13).
“On December 13, 2022, Chart filed the Certificate of Designations with the Secretary of State of the State of Delaware to establish the preferences, limitations and relative rights of the Mandatory Convertible Preferred Stock.”
Material Agreements
CHART INDUSTRIES INC entered into Deposit Agreement with Computershare Inc. and Computershare Trust Company, N.A. valued at Agreement for deposit of Mandatory Convertible Preferred Stock and issuance of depositary receipts (effective 2022-12-13).
“In connection with the Preferred Stock Offering, Chart entered into a deposit agreement (the “ Deposit Agreement ”), dated December 13, 2022, by and among the Chart, Computershare Inc. and Computershare Trust Company, N.A., acting jointly as depositary (the “ Depositary ”), and the holders from time to time of the depositary receipts (the “ Depositary Receipts ”), a form of which is included therein (the “ Form of Depositary Receipt ”).”
Material Agreements
CHART INDUSTRIES INC entered into Preferred Stock Underwriting Agreement with Morgan Stanley & Co. LLC valued at Issued and sold an aggregate of 8,050,000 depositary shares, each representing a 1/20th interest in (effective 2022-12-08).
“On December 8, 2022, Chart entered into an underwriting agreement (the “ Preferred Stock Underwriting Agreement ”) with Morgan Stanley, as representative of the several underwriters named in Schedule 1 thereto (collectively, the “ Preferred Stock Underwriters ,” and together with the Common Stock Underwriters, the “ Underwriters ”), pursuant to which Chart issued and sold an aggregate of 8,050,000 depositary shares (the “ Depositary Shares ”), each representing a 1/20th interest in a share of Chart’s 6.75% Series B Mandatory Convertible Preferred Stock, liquidation preference $1,000.00 per share, par value $0.01 per share (the “ Mandatory Convertible Preferred Stock ”), which included the full exercise of the underwriters’ option to purchase additional shares.”
Material Agreements
CHART INDUSTRIES INC entered into Common Stock Underwriting Agreement with Morgan Stanley & Co. LLC valued at Issued and sold an aggregate of 5,923,670 shares of common stock, $0.01 par value per share (effective 2022-12-08).
“On December 8, 2022, Chart Industries, Inc. (“ Chart ”) entered into an underwriting agreement (the “ Common Stock Underwriting Agreement ”) with Morgan Stanley & Co. LLC (“ Morgan Stanley ”), as representative of the several underwriters named in Schedule 1 thereto (collectively, the “ Common Stock Underwriters ”), pursuant to which Chart issued and sold an aggregate of 5,923,670 shares of common stock, $0.01 par value per share (the “ Common Stock ”).”
Material Agreements
CHART INDUSTRIES INC entered into Letter Agreement with the Sellers (Granite Holdings I B.V., Granite Holdings II B.V., Granite US Holdings GP, LLC) and the Acquired Companies (Granite US Holdings LP, Granite Acquisition GmbH, Granite Canada Holdings Acquisition Corp., HowMex Holdings, S. de R.L. de C.V.) (effective 2022-12-07).
“On December 7, 2022, in connection with the previously announced acquisition of Howden from affiliates of KPS Capital Partners, LP (the “ Acquisition ”) and the Offerings (defined below), Chart Industries, Inc. (“ Chart ”) entered into a letter agreement (the “ Letter Agreement ”) by and among (i) Granite Holdings I B.V., a Dutch private limited company (the “ Primary Seller ”), Granite Holdings II B.V., a Dutch private limited company (“ BV II ”), and Granite US Holdings GP, LLC, a Delaware limited liability company (“ US GP Seller ” and, together with Primary Seller and BV II, the “ Sellers ”), (ii) Granite US Holdings LP, a Delaware limited partnership (“ Granite US ”), Granite Acquisition GmbH, a German limited liability company (“ Granite Germany ”), Granite Canada Holdings Acquisition Corp., a corporation formed pursuant to the laws of British Columbia (“ Granite Canada ”), and HowMex Holdings, S. de R.L. de C.V., a Mexican limited liability company (“ Granite Mexico ” and, toget”
Material Agreements
CHART INDUSTRIES INC amended Amendment No. 1 with JPMorgan Chase Bank, N.A., Bank of America, N.A., Fifth Third Bank, National Association, HSBC Bank USA, National Association, PNC Bank, National Association, Wells Fargo Bank, National Association, BMO Harris Bank, N.A., Capital One, N.A., Citizens Bank, N.A., MUFG Union Bank, N.A., Regions Bank (effective 2022-11-21).
“On November 21, 2022, Chart Industries, Inc., a Delaware corporation (the “ Company ”), entered into an amendment (“ Amendment No. 1 ”) to its fifth amended and restated revolving credit agreement, dated as of October 18, 2021 (the “ Credit Agreement ” and as amended by the Amendment No. 1, the “ Amended Credit Agreement ”), by and among the Company, the subsidiaries of the Company designated as borrowers from time to time thereunder, the lenders named therein, JPMorgan Chase Bank, N.A., as Administrative Agent, Bank of America, N.A., Fifth Third Bank, National Association, HSBC Bank USA, National Association, PNC Bank, National Association and Wells Fargo Bank, National Association, as Co-Syndication Agents, and BMO Harris Bank, N.A., Capital One, N.A., Citizens Bank, N.A., MUFG Union Bank, N.A. and Regions Bank, as Co-Documentation Agents.”
Material Agreements
CHART INDUSTRIES INC entered into Equity Purchase Agreement with Granite Holdings I B.V., Granite Holdings II B.V., Granite US Holdings GP, LLC valued at $4.4 billion (effective 2022-11-08).
“On November 8, 2022, Chart Industries, Inc., a Delaware corporation (the “ Company ”), entered into an Equity Purchase Agreement (the “ Purchase Agreement ”) by and among (i) Granite Holdings I B.V., a Dutch private limited liability company (“ Primary Seller ”), Granite Holdings II B.V., a Dutch private limited liability company (“ BV II ”), and Granite US Holdings GP, LLC, a Delaware limited liability company (the “ US GP Seller ” and, together with Primary Seller and BV II, the “ Sellers ”), (ii) Granite US Holdings LP, a Delaware limited partnership (“ Granite US ”), Granite Acquisition GmbH, a German limited liability company (“ Granite Germany ”), Granite Canada Holdings Acquisition Corp., a corporation formed pursuant to the laws of British Columbia (“ Granite Canada ”), and HowMex Holdings, S. de R.L. de C.V., a Mexican limited liability company (“ Granite “Mexico ” and, together with BV II, Granite US, Granite Germany and Granite Canada, the “ Acquired Companies ”), and (iii)”
Earnings Releases
CHART INDUSTRIES INC reported third quarter ended September 30, 2022 results: revenue $412.1 million, EPS $1.15.
“backlog of $2,254.1 million (+104% versus prior year) is our eighth consecutive record backlog quarter, surpassing $2 billion for the first time in our history • Record sales of $412.1 million (+25.5% versus prior year) including foreign exchange headwinds and project timing movements • Record reported gross margin of $104.6 million (+39.7% versus prior year) reflected”
Tom Pittet changed role as Vice President, Risk and Treasury and Treasurer at CHART INDUSTRIES INC.
“that position will be held by Tom Pittet, who also is the Company’s Vice President, Risk and Treasury.”
Scott Merkle departed as Vice President and Chief Financial Officer at CHART INDUSTRIES INC.
“who on October 1, 2021, stepped down as the Company’s Vice President and CFO in connection with his planned retirement from the Company on October 1, 2022.”
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.