Arcosa, Inc. Form 8-K Summary
Business Context and Reporting Period
Arcosa filed a Form 8-K dated March 2, 2023, under Item 5.02 to report a change in its principal accounting officer. The filing does not report quarterly or annual financial results.
Key Financial and Operating Metrics
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other operating metrics.
Material Changes
- Mary Henderson resigned as Chief Accounting Officer effective March 2, 2023, and transitioned to Senior Vice President, Corporate Administration.
- The company stated that Ms. Henderson’s change was not related to any disagreement concerning Arcosa’s operations, policies, or practices.
- Eric Hurst was appointed principal accounting officer effective immediately. He had served as Corporate Controller since November 2018 and Vice President, Controller since 2021.
Compensation, Outlook, and Risks
- In connection with his promotion, Mr. Hurst will receive an annual base salary of $275,000, 2023 target annual incentive compensation of $110,000, and 2023 target long-term incentive compensation of $100,000.
- The filing identifies no family relationships or reportable related-party transactions involving Mr. Hurst.
- No guidance, outlook, contingencies, unusual operating items, or specific risks are disclosed in the filing.
Investor Verification Items
- Verify the effective date and scope of Mr. Hurst’s principal accounting officer responsibilities.
- Assess any subsequent disclosures regarding changes in Arcosa’s finance and accounting leadership.
- Review future filings for the actual incentive compensation awarded and any effect on executive compensation expense.