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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of report (Date of earliest event reported):
November 11, 2024
CSX CORPORATION |
(Exact name of registrant as specified in its charter) |
|
Virginia |
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1-08022 |
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62-1051971 |
(State or Other Jurisdiction of Incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.)
|
500 Water Street, 15th Floor, Jacksonville, Florida |
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32202 |
(Address of principal executive offices) |
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(Zip Code) |
Registrant’s telephone number, including
area code: (904) 359-3200
|
|
|
(Former name or former address, if changed since last report) |
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered registeredregistered |
Common Stock, $1 Par Value |
CSX |
NASDAQ Global Select Market |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934
(17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act ☐
Item 5.02. |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On November 12,
2024, CSX Corporation (the “Company”) announced the retirement of Nathan D. Goldman, age 67, from the Company as the Company’s
Executive Vice President, Chief Legal Officer, and Corporate Secretary, effective January 1, 2025.
Mr. Goldman retires
from the Company after a distinguished 21-year tenure with the Company. Mr. Goldman’s leadership was pivotal in steering the transformation
of the business and the transition of three Chief Executive Officers in eight years, serving all three leaders and the Company’s
Board of Directors with confidence.
Item 7.01. |
Regulation FD Disclosure. |
On November 12, 2024, the Company issued a press
release announcing the leadership changes reported in this Current Report on Form 8-K. A copy of the press release is attached hereto
as Exhibit 99.1 and is incorporated by reference herein.
In accordance with General Instruction B.2 of Form
8-K, the information furnished pursuant to this Item 7.01, including Exhibit 99.1 furnished herewith, shall not be deemed “filed”
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall such information
be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall
be expressly set forth by specific reference in such filing.
Also on November 12, 2024, the Company announced,
as part of a planned succession process, the promotion of Michael S. Burns, age 49, as the Company’s new Senior Vice President,
Chief Legal Officer, and Corporate Secretary, effective January 2, 2025.
Mr. Burns previously served as the Company’s
Vice President, General Counsel, and Assistant Corporate Secretary. Since joining the Company in 2006, Mr. Burns has advanced through
roles of increasing responsibility, initially focusing on employment and benefits law before assuming responsibility for the full law
department and additional functions such as corporate secretary, risk management, and environmental and hazmat responsibilities. Prior
to joining the Company, Mr. Burns practiced labor and employment law at a leading Indiana firm. He holds a bachelor’s degree from
Wabash College and a Juris Doctor from Indiana University Robert H. McKinney School of Law.
Item 9.01. |
Financial Statements and Exhibits. |
Signatures
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
|
|
CSX CORPORATION |
|
|
|
|
|
|
|
|
|
By: |
/s/ Joseph R. Hinrichs |
|
|
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Name: |
Joseph R. Hinrichs |
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|
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Title: |
President and Chief Executive Officer |
|
|
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DATE: |
November 12, 2024 |
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Exhibit 99.1
CSX Announces Leadership Changes to its Legal
Organization
Nathan Goldman to retire, Michael Burns named
SVP and Chief Legal Officer
JACKSONVILLE,
Fla. – November 12, 2024 –
CSX (NASDAQ: CSX) today announced that Executive Vice President and Chief
Legal Officer Nathan Goldman will retire from the company, on January 1, 2025. Michael Burns is promoted to Senior Vice President and
Chief Legal Officer effective January 2, 2025
Nathan Goldman retires from CSX after a distinguished 21-year tenure
with the company. Goldman's leadership was pivotal in steering the transformation of the business and the transition of three CEOs in
eight years, serving all three leaders and the Board of Directors with confidence.
“Nathan’s contributions to CSX have been highly valued,
and his expertise and dedication have been instrumental to our organization. His leadership will leave a lasting legacy, having developed
the best group of legal, regulatory and compliance professionals in the industry. We are grateful to Nathan for his outstanding service
and wish him all the best in his well-deserved retirement,” said CSX president and CEO Joe Hinrichs. “With 18 years of dedicated
service and extensive experience with the company, Michael’s promotion to chief legal officer will bring invaluable insight and
stability as we advance our strategy to deliver profitable growth.”
In his new role, Michael Burns will oversee all of CSX's legal and regulatory
affairs, the corporate secretary’s office, risk management, police and infrastructure protection, environmental and hazmat, and
audit functions. He previously served as CSX vice president and general counsel. Since joining CSX in 2006, Burns has advanced through
roles of increasing responsibility, initially focusing on employment and benefits law before assuming responsibility for the full law
department and additional functions such as corporate secretary, risk management, and environmental and hazmat responsibilities. Prior
to CSX, Burns practiced labor and employment law at a leading Indiana firm. He holds a bachelor's degree from Wabash College and a Juris
Doctor from Indiana University Robert H. McKinney School of Law.
“This leadership transition underscore CSX’s commitment
to growth and highlights our confidence in the exceptional depth of talent within our organization. We are fortunate to have an outstanding
team of railroaders poised to harness our current momentum and propel us toward even greater success,” said Hinrichs. “I am
grateful for the dedication of our team and excited about the opportunities ahead.”
About CSX
CSX, based in Jacksonville, Florida,
is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across
a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. For nearly 200 years, CSX
has played a critical role in the nation's economic expansion and industrial development. Its network connects every major metropolitan
area in the eastern United States, where nearly two-thirds of the nation's population resides. It also links more than 240 short-line
railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike. More information about
CSX and its subsidiaries is available at www.csx.com. Like us on Facebook (http://facebook.com/OfficialCSX)
and follow us on X, formerly known as Twitter (http://twitter.com/CSX).
Contact:
Matthew Korn,
CFA, Investor Relations
904-366-4515
Bryan Tucker,
Corporate Communications
855-955-6397
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