Business Context and Reporting Period
This Form 6-K filing by Canadian Pacific Railway Limited and Canadian Pacific Railway Company covers the month of June 2013, with the report dated June 7, 2013. The company operates as a transcontinental railway in Canada and the United States, providing freight transportation services with access to eight major ports.
Key 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 corporate governance updates rather than financial performance data.
Material Changes
The primary material change reported is the appointment of the Honourable Jim Prentice to the Board of Directors, effective June 7, 2013. No material changes to financial operations or assets are detailed in this document.
Guidance, Outlook, and Management Commentary
- Board Appointment: Mr. Prentice, currently Senior Executive Vice-President and Vice Chairman of CIBC, brings experience in public and corporate matters. He previously served as a Member of Parliament and held senior ministerial roles in the Canadian Government.
- Management Commentary: Board Chairman Paul Haggis stated that Mr. Prentice's integrity and skills will serve the Board well. Mr. Prentice expressed pride in joining the company during its "transformational journey."
- Forward-Looking Information: The filing includes a standard note on forward-looking information but does not contain specific quantitative guidance or forecasts.
Investor Verification Checklist
- Verify the effective date of Jim Prentice's board appointment (June 7, 2013).
- Confirm Mr. Prentice's current roles at CIBC and other boards (Bell Canada, Coril Holdings Ltd.).
- Review the company's most recent Form 20-F or quarterly earnings release for actual financial metrics, as this 6-K does not contain them.
- Check for any potential conflicts of interest related to Mr. Prentice's concurrent roles in the banking and telecommunications sectors.