SunCoke Energy Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
$SXC
Steel/Iron Ore
Industrials
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
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Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 22, 2024, SunCoke Energy, Inc. (the "Company") announced Michael G. Rippey's retirement as Chief Executive Officer (“CEO”) and his resignation from the Company's Board of Directors (the “Board”), effective May 15, 2024. The Company also announced that current President, Katherine T. Gates, will succeed Mr. Rippey as CEO, effective upon his retirement. These changes are occurring as part of a deliberately planned leadership succession process.
Ms. Gates (age 47) joined the Company in February 2013, and has served as a member of the Board and as President since January 1, 2023. Ms. Gates will continue to serve on the Board as a Director. Ms. Gates does not have any family relationship with any of the Company's Directors or executive officers or any persons nominated or chosen by the Company to be a Director or an executive officer. She has no direct or indirect material interest in any transaction or proposed transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
As President and CEO, Ms. Gates will receive an annual base salary of $900,000, and will continue to be eligible to receive an annual non-equity incentive plan target award equal to 100% of her base salary. She will receive such long-term incentive compensation awards as determined by the Board and will remain eligible to participate in the Company's executive severance plans and its comprehensive benefit plans, including 401(k) defined contribution and related plans.
A copy of the press release announcing Mr. Rippey's retirement and the appointment of Ms. Gates as both CEO and President is attached as Exhibit 99.1 to this Current Report on Form 8-K. Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Registrant under the Securities Act of 1933 or the Exchange Act.
Item 9.01 - Financial Statements and Exhibits.
(d): The following exhibits are being filed herewith:
| Exhibit No. | Description | |||||||
| 99.1 | ||||||||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized on this 22th day of February, 2024.
| SUNCOKE ENERGY, INC. | |||||
By: | /s/ John J. DiRocco, Jr. | ||||
Name: | John J. DiRocco, Jr. | ||||
Title: | Vice President, Assistant General Counsel and Corporate Secretary | ||||