Business Context and Reporting Period
This Form 8-K Current Report was filed by SunCoke Energy, Inc. on February 28, 2023. The report discloses a corporate governance event regarding the appointment of a new member to the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
On February 23, 2023, the Company appointed Andrei A. Mikhalevsky as a member of the Board of Directors, effective immediately. Mr. Mikhalevsky brings extensive experience in global manufacturing, marketing, and trade advocacy, having previously served as CEO of California Dairies, Inc. and in senior roles at Fonterra Cooperative Group Ltd., Campbell Soup Company, and Georgia Pacific Corp.
Outlook, Risks, and Management Commentary
- Board Composition: The Board determined Mr. Mikhalevsky is an independent director in accordance with New York Stock Exchange listing standards.
- Committee Assignments: He will serve on both the Compensation Committee and the Governance Committee.
- Election Status: He will stand for re-election at the Company's 2023 Annual Meeting of Stockholders.
- Compensation: He will participate in the standard compensation program for non-employee directors, prorated to reflect his commencement date.
- Indemnification: He will be indemnified pursuant to the Company's Certificate of Incorporation, By-laws, and a standard indemnification agreement.
- Conflicts of Interest: The filing states there are no family relationships with other directors or officers and no material interest in transactions requiring disclosure.
Key Facts for Investor Verification
- Verify the effective date of Andrei A. Mikhalevsky's appointment (February 23, 2023).
- Confirm his independence status and committee assignments (Compensation and Governance).
- Review the Company's definitive Proxy Statement for the 2022 Annual Meeting (pages 24-25) for details on the standard director compensation program.
- Note that this filing contains no financial results or operational updates for the period.