AGÕæÈ˹ٷ½

STOCK TITAN

[8-K] GATX Corporation Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Liquidia Corporation (Nasdaq: LQDA) filed a Form 8-K announcing the appointment of Dana Boyle as Chief Accounting Officer effective July 1, 2025. Boyle, 41, has led the company’s accounting function since January 2021 as SVP-Finance and Controller. Her background includes senior finance roles at Aerami Therapeutics and Aralez Pharmaceuticals, plus public-accounting experience at Deloitte & Touche. She is a licensed CPA (NY) and holds a B.S. in Accounting from Rutgers University.

Compensation package:

  • Annual base salary: $425,000
  • Target cash bonus: 50 % of base salary
  • Equity award: Restricted Stock Units valued at $300,000 on the effective date. Vesting schedule: 25 % on July 11, 2026; remaining 75 % in equal quarterly installments over the following three years, subject to continued employment.

Severance terms: Under the Amended & Restated Executive Severance and Change in Control Plan, Boyle is entitled to up to 12 months of salary continuation, COBRA premium payments, and—if terminated within a change-in-control period—accelerated vesting of 100 % of unvested equity plus target bonus payout.

The filing states that no family relationships or related-party transactions exist. The appointment was not made pursuant to any arrangement with other parties.

Investor take-away: While the event does not directly influence revenue or near-term financials, installing a seasoned CAO may enhance financial reporting quality and internal controls—an incremental positive for governanceâ€focused investors.

Liquidia Corporation (Nasdaq: LQDA) ha presentato un modulo 8-K annunciando la nomina di Dana Boyle a Chief Accounting Officer a partire dal 1° luglio 2025. Boyle, 41 anni, ha guidato la funzione contabile dell’azienda da gennaio 2021 come SVP-Finance e Controller. La sua esperienza comprende ruoli senior in ambito finanziario presso Aerami Therapeutics e Aralez Pharmaceuticals, oltre a un’esperienza nella contabilità pubblica presso Deloitte & Touche. È una CPA certificata nello stato di New York e ha conseguito una laurea in Contabilità presso la Rutgers University.

Pacchetto retributivo:

  • Salario base annuo: 425.000 $
  • Bonus in contanti target: 50% del salario base
  • Premio azionario: Restricted Stock Units del valore di 300.000 $ alla data di efficacia. Piano di maturazione: 25% il 11 luglio 2026; il restante 75% in rate trimestrali uguali nei tre anni successivi, subordinato alla permanenza in azienda.

Condizioni di buonuscita: Secondo il Piano modificato e aggiornato di buonuscita per dirigenti e cambi di controllo, Boyle ha diritto a un massimo di 12 mesi di continuazione del salario, pagamento dei premi COBRA e, in caso di licenziamento durante un periodo di cambio di controllo, maturazione accelerata del 100% delle azioni non maturate più il pagamento del bonus target.

Il documento dichiara che non esistono rapporti familiari o transazioni con parti correlate. La nomina non è stata effettuata in base ad accordi con terze parti.

Considerazioni per gli investitori: Sebbene l’evento non influenzi direttamente i ricavi o i risultati finanziari a breve termine, la nomina di un CAO esperto potrebbe migliorare la qualità del reporting finanziario e i controlli interni, rappresentando un elemento positivo per gli investitori attenti alla governance.

Liquidia Corporation (Nasdaq: LQDA) presentó un Formulario 8-K anunciando el nombramiento de Dana Boyle como Chief Accounting Officer efectivo a partir del 1 de julio de 2025. Boyle, de 41 años, ha liderado la función contable de la empresa desde enero de 2021 como SVP-Finance y Controller. Su experiencia incluye cargos financieros senior en Aerami Therapeutics y Aralez Pharmaceuticals, además de experiencia en contabilidad pública en Deloitte & Touche. Es CPA certificada en Nueva York y posee una licenciatura en Contabilidad por la Universidad Rutgers.

Paquete de compensación:

  • Salario base anual: $425,000
  • Bono en efectivo objetivo: 50% del salario base
  • Premio en acciones: Unidades de acciones restringidas valoradas en $300,000 en la fecha efectiva. Cronograma de adquisición: 25% el 11 de julio de 2026; el 75% restante en cuotas trimestrales iguales durante los siguientes tres años, sujeto a la continuidad laboral.

Términos de indemnización: Bajo el Plan enmendado y restablecido de indemnización ejecutiva y cambio de control, Boyle tiene derecho a hasta 12 meses de continuación salarial, pagos de prima COBRA y, si es despedida durante un período de cambio de control, adquisición acelerada del 100% de las acciones no adquiridas más el pago del bono objetivo.

El documento indica que no existen relaciones familiares ni transacciones con partes relacionadas. El nombramiento no se realizó en virtud de ningún acuerdo con terceros.

Conclusión para inversores: Aunque el evento no afecta directamente los ingresos ni las finanzas a corto plazo, la incorporación de un CAO experimentado puede mejorar la calidad de los informes financieros y los controles internos, un aspecto positivo para inversores enfocados en la gobernanza.

Liquidia Corporation (나스ë‹�: LQDA)ëŠ� 2025ë…� 7ì›� 1ì¼ë¶€ë¡� Dana Boyleì� 최고회계책임ìž�(CAO)ë¡� 임명했다ê³� Form 8-Kë¥� 통해 발표했습니다. 41ì„¸ì¸ Boyleì€ 2021ë…� 1월부í„� SVP-재무 ë°� 컨트롤러로서 회사ì� 회계 기능ì� ì´ëŒì–� 왔습니다. 그녀ëŠ� Aerami Therapeutics와 Aralez Pharmaceuticalsì—서 고위 재무ì§ì„ 맡았으며 Deloitte & Toucheì—서 공공 회계 경험ë� 보유하고 있습니다. 뉴욕 ì£� ê³µì¸íšŒê³„ì‚�(CPA) ìžê²©ì¦ì„ 보유하고 있으ë©� Rutgers 대학êµì—서 회계í•� 학사 학위ë¥� 받았습니ë‹�.

ë³´ìƒ íŒ¨í‚¤ì§€:

  • ì—°ê°„ 기본ê¸�: 425,000달러
  • 목표 현금 보너ìŠ�: ê¸°ë³¸ê¸‰ì˜ 50%
  • ì£¼ì‹ ë³´ìƒ: 발효ì� 기준 30ë§� 달러 ìƒë‹¹ì� 제한 ì£¼ì‹ ë‹¨ìœ„(RSU). 베스íŒ� ì¼ì •: 2026ë…� 7ì›� 11ì� 25%, 나머지 75%ëŠ� ì´í›„ 3ë…„ê°„ 분기ë³� 균등 ë¶„í•  ì§€ê¸�, ê³„ì† ê³ ìš© ì¡°ê±´ 하ì—.

퇴ì§ê¸� ì¡°ê±´: 개정 ë°� ìž¬ì •ë¹„ëœ ìž„ì› í‡´ì§ ë°� ê²½ì˜ê¶� ë³€ê²� 계íšì—� ë”°ë¼, Boyleì€ ìµœëŒ€ 12개월 급여 ì§€ê¸�, COBRA ë³´í—˜ë£� ì§€ê¸�, 그리ê³� ê²½ì˜ê¶� ë³€ê²� 기간 ë‚� í•´ê³  ì‹� 미베스팅 ì£¼ì‹ 100% ê°€ì†� 베스íŒ� ë°� 목표 보너ìŠ� ì§€ê¸‰ì„ ë°›ì„ ê¶Œë¦¬ê°€ 있습니다.

공시 문서ì—는 ê°€ì¡� 관계나 ê´€ë � 당사ìž� 거래가 없으ë©�, ìž„ëª…ì€ ì �3ìžì™€ì� ì–´ë– í•� í•©ì˜ì—� 따른 ê²ƒì´ ì•„ë‹˜ì� 명시하고 있습니다.

투ìžìž� 시사ì �: ì´ë²ˆ ìž„ëª…ì€ ë§¤ì¶œì´ë‚˜ 단기 재무ì—� ì§ì ‘ì ì¸ ì˜í–¥ì� 미치지 않지ë§�, 경험 ë§Žì€ CAOì� ìž„ëª…ì€ ìž¬ë¬´ ë³´ê³  품질ê³� ë‚´ë¶€ 통제 ê°•í™”ì—� 기여í•� ìˆ� 있어, 거버넌스ì—� 중ì ì� ë‘� 투ìžìžì—ê²� ê¸ì •ì ì¸ 신호입니ë‹�.

Liquidia Corporation (Nasdaq : LQDA) a déposé un formulaire 8-K annonçant la nomination de Dana Boyle en tant que Chief Accounting Officer à compter du 1er juillet 2025. Boyle, 41 ans, dirige la fonction comptable de l’entreprise depuis janvier 2021 en tant que SVP-Finance et Contrôleur. Elle possède une expérience dans des postes financiers seniors chez Aerami Therapeutics et Aralez Pharmaceuticals, ainsi qu’une expérience en comptabilité publique chez Deloitte & Touche. Elle est CPA agréée (NY) et titulaire d’un B.S. en comptabilité de l’Université Rutgers.

Rémunération :

  • Salaire annuel de base : 425 000 $
  • Bonus en espèces cible : 50 % du salaire de base
  • Attribution d’actions : unités d’actions restreintes d’une valeur de 300 000 $ à la date d’effet. Calendrier d’acquisition : 25 % le 11 juillet 2026 ; les 75 % restants en versements trimestriels égaux sur les trois années suivantes, sous réserve de la poursuite de l’emploi.

Conditions de départ : En vertu du Plan modifié et révisé d’indemnités de départ exécutives et de changement de contrôle, Boyle a droit à une continuation de salaire pouvant aller jusqu’� 12 mois, au paiement des primes COBRA et � en cas de licenciement pendant une période de changement de contrôle � à l’acquisition accélérée de 100 % des actions non acquises ainsi qu’au paiement du bonus cible.

Le dépôt indique qu’aucune relation familiale ni transaction avec des parties liées n’existe. La nomination n’a pas été effectuée dans le cadre d’un accord avec d’autres parties.

Message aux investisseurs : Bien que cet événement n’influence pas directement les revenus ou les résultats financiers à court terme, la nomination d’un CAO expérimenté pourrait améliorer la qualité des rapports financiers et les contrôles internes, ce qui constitue un point positif supplémentaire pour les investisseurs axés sur la gouvernance.

Liquidia Corporation (Nasdaq: LQDA) hat ein Formular 8-K eingereicht und die Ernennung von Dana Boyle zum Chief Accounting Officer mit Wirkung zum 1. Juli 2025 bekanntgegeben. Boyle, 41 Jahre alt, leitet seit Januar 2021 die Buchhaltungsabteilung des Unternehmens als SVP-Finance und Controller. Ihr Hintergrund umfasst leitende Finanzpositionen bei Aerami Therapeutics und Aralez Pharmaceuticals sowie Erfahrungen in der Wirtschaftsprüfung bei Deloitte & Touche. Sie ist eine zertifizierte CPA (New York) und hat einen Bachelor of Science in Rechnungswesen von der Rutgers University.

³Õ±ð°ù²µÃ¼³Ù³Ü²Ô²µ²õ±è²¹°ì±ð³Ù:

  • Jahresgrundgehalt: 425.000 $
  • Ziel-Cashbonus: 50 % des Grundgehalts
  • Aktienzuteilung: Restricted Stock Units im Wert von 300.000 $ zum Wirksamkeitsdatum. Vesting-Plan: 25 % am 11. Juli 2026; die restlichen 75 % in gleichen vierteljährlichen Raten über die folgenden drei Jahre, vorbehaltlich fortdauernder Anstellung.

Abfindungsbedingungen: Gemäß dem geänderten und neu gefassten Executive Severance and Change in Control Plan hat Boyle Anspruch auf bis zu 12 Monate Gehaltsfortzahlung, COBRA-Prämienzahlungen und � falls eine Kündigung während eines Kontrollwechselzeitraums erfolgt � beschleunigte Vesting von 100 % der nicht erworbenen Aktien sowie Auszahlung des Zielbonus.

Die Einreichung besagt, dass keine familiären Beziehungen oder Transaktionen mit verbundenen Parteien bestehen. Die Ernennung erfolgte nicht aufgrund einer Vereinbarung mit Dritten.

Investorenausblick: Obwohl die Ernennung die Umsätze oder kurzfristige Finanzen nicht direkt beeinflusst, kann die Bestellung eines erfahrenen CAO die Qualität der Finanzberichterstattung und der internen Kontrollen verbessern � ein zusätzlicher positiver Faktor für investorenorientierte Governance.

Positive
  • Appointment of a licensed CPA with biotech experience strengthens financial reporting and internal controls.
  • Equity-based compensation aligns the new CAO’s incentives with long-term shareholder value.
Negative
  • None.

Insights

TL;DR � Experienced CAO hired; improves accounting oversight, modestly positive governance signal.

The appointment of Dana Boyle consolidates Liquidia’s finance leadership under a credentialed CPA with both biotech and public-company expertise. Stable, competent accounting leadership is particularly important as Liquidia advances late-stage pulmonary hypertension programs that will add complexity to revenue recognition and R&D capitalization once commercialized. The equity-heavy compensation aligns Boyle’s incentives with shareholders over a multi-year horizon, and the severance framework is market-standard, containing double-trigger acceleration only in a change-in-control scenario. No red flags on related-party dealings or excessive payouts are evident. Overall impact is mildly positive for governance and internal-control risk profile, but not a catalyst for valuation in the near term.

TL;DR � Neutral to portfolio returns; strengthens back-office, not thesis-shifting.

From an investment perspective, this 8-K is routine. A CAO transition rarely affects modelled cash flows or probability-of-success on drug candidates. The compensation levels are consistent with peers at similar market caps (<$1 bn), and the RSU vesting promotes retention through key regulatory milestones expected in the next three years. I see no change to risk-adjusted valuation or target price, but governance score ticks up slightly, which could marginally broaden the institutional investor base.

Liquidia Corporation (Nasdaq: LQDA) ha presentato un modulo 8-K annunciando la nomina di Dana Boyle a Chief Accounting Officer a partire dal 1° luglio 2025. Boyle, 41 anni, ha guidato la funzione contabile dell’azienda da gennaio 2021 come SVP-Finance e Controller. La sua esperienza comprende ruoli senior in ambito finanziario presso Aerami Therapeutics e Aralez Pharmaceuticals, oltre a un’esperienza nella contabilità pubblica presso Deloitte & Touche. È una CPA certificata nello stato di New York e ha conseguito una laurea in Contabilità presso la Rutgers University.

Pacchetto retributivo:

  • Salario base annuo: 425.000 $
  • Bonus in contanti target: 50% del salario base
  • Premio azionario: Restricted Stock Units del valore di 300.000 $ alla data di efficacia. Piano di maturazione: 25% il 11 luglio 2026; il restante 75% in rate trimestrali uguali nei tre anni successivi, subordinato alla permanenza in azienda.

Condizioni di buonuscita: Secondo il Piano modificato e aggiornato di buonuscita per dirigenti e cambi di controllo, Boyle ha diritto a un massimo di 12 mesi di continuazione del salario, pagamento dei premi COBRA e, in caso di licenziamento durante un periodo di cambio di controllo, maturazione accelerata del 100% delle azioni non maturate più il pagamento del bonus target.

Il documento dichiara che non esistono rapporti familiari o transazioni con parti correlate. La nomina non è stata effettuata in base ad accordi con terze parti.

Considerazioni per gli investitori: Sebbene l’evento non influenzi direttamente i ricavi o i risultati finanziari a breve termine, la nomina di un CAO esperto potrebbe migliorare la qualità del reporting finanziario e i controlli interni, rappresentando un elemento positivo per gli investitori attenti alla governance.

Liquidia Corporation (Nasdaq: LQDA) presentó un Formulario 8-K anunciando el nombramiento de Dana Boyle como Chief Accounting Officer efectivo a partir del 1 de julio de 2025. Boyle, de 41 años, ha liderado la función contable de la empresa desde enero de 2021 como SVP-Finance y Controller. Su experiencia incluye cargos financieros senior en Aerami Therapeutics y Aralez Pharmaceuticals, además de experiencia en contabilidad pública en Deloitte & Touche. Es CPA certificada en Nueva York y posee una licenciatura en Contabilidad por la Universidad Rutgers.

Paquete de compensación:

  • Salario base anual: $425,000
  • Bono en efectivo objetivo: 50% del salario base
  • Premio en acciones: Unidades de acciones restringidas valoradas en $300,000 en la fecha efectiva. Cronograma de adquisición: 25% el 11 de julio de 2026; el 75% restante en cuotas trimestrales iguales durante los siguientes tres años, sujeto a la continuidad laboral.

Términos de indemnización: Bajo el Plan enmendado y restablecido de indemnización ejecutiva y cambio de control, Boyle tiene derecho a hasta 12 meses de continuación salarial, pagos de prima COBRA y, si es despedida durante un período de cambio de control, adquisición acelerada del 100% de las acciones no adquiridas más el pago del bono objetivo.

El documento indica que no existen relaciones familiares ni transacciones con partes relacionadas. El nombramiento no se realizó en virtud de ningún acuerdo con terceros.

Conclusión para inversores: Aunque el evento no afecta directamente los ingresos ni las finanzas a corto plazo, la incorporación de un CAO experimentado puede mejorar la calidad de los informes financieros y los controles internos, un aspecto positivo para inversores enfocados en la gobernanza.

Liquidia Corporation (나스ë‹�: LQDA)ëŠ� 2025ë…� 7ì›� 1ì¼ë¶€ë¡� Dana Boyleì� 최고회계책임ìž�(CAO)ë¡� 임명했다ê³� Form 8-Kë¥� 통해 발표했습니다. 41ì„¸ì¸ Boyleì€ 2021ë…� 1월부í„� SVP-재무 ë°� 컨트롤러로서 회사ì� 회계 기능ì� ì´ëŒì–� 왔습니다. 그녀ëŠ� Aerami Therapeutics와 Aralez Pharmaceuticalsì—서 고위 재무ì§ì„ 맡았으며 Deloitte & Toucheì—서 공공 회계 경험ë� 보유하고 있습니다. 뉴욕 ì£� ê³µì¸íšŒê³„ì‚�(CPA) ìžê²©ì¦ì„ 보유하고 있으ë©� Rutgers 대학êµì—서 회계í•� 학사 학위ë¥� 받았습니ë‹�.

ë³´ìƒ íŒ¨í‚¤ì§€:

  • ì—°ê°„ 기본ê¸�: 425,000달러
  • 목표 현금 보너ìŠ�: ê¸°ë³¸ê¸‰ì˜ 50%
  • ì£¼ì‹ ë³´ìƒ: 발효ì� 기준 30ë§� 달러 ìƒë‹¹ì� 제한 ì£¼ì‹ ë‹¨ìœ„(RSU). 베스íŒ� ì¼ì •: 2026ë…� 7ì›� 11ì� 25%, 나머지 75%ëŠ� ì´í›„ 3ë…„ê°„ 분기ë³� 균등 ë¶„í•  ì§€ê¸�, ê³„ì† ê³ ìš© ì¡°ê±´ 하ì—.

퇴ì§ê¸� ì¡°ê±´: 개정 ë°� ìž¬ì •ë¹„ëœ ìž„ì› í‡´ì§ ë°� ê²½ì˜ê¶� ë³€ê²� 계íšì—� ë”°ë¼, Boyleì€ ìµœëŒ€ 12개월 급여 ì§€ê¸�, COBRA ë³´í—˜ë£� ì§€ê¸�, 그리ê³� ê²½ì˜ê¶� ë³€ê²� 기간 ë‚� í•´ê³  ì‹� 미베스팅 ì£¼ì‹ 100% ê°€ì†� 베스íŒ� ë°� 목표 보너ìŠ� ì§€ê¸‰ì„ ë°›ì„ ê¶Œë¦¬ê°€ 있습니다.

공시 문서ì—는 ê°€ì¡� 관계나 ê´€ë � 당사ìž� 거래가 없으ë©�, ìž„ëª…ì€ ì �3ìžì™€ì� ì–´ë– í•� í•©ì˜ì—� 따른 ê²ƒì´ ì•„ë‹˜ì� 명시하고 있습니다.

투ìžìž� 시사ì �: ì´ë²ˆ ìž„ëª…ì€ ë§¤ì¶œì´ë‚˜ 단기 재무ì—� ì§ì ‘ì ì¸ ì˜í–¥ì� 미치지 않지ë§�, 경험 ë§Žì€ CAOì� ìž„ëª…ì€ ìž¬ë¬´ ë³´ê³  품질ê³� ë‚´ë¶€ 통제 ê°•í™”ì—� 기여í•� ìˆ� 있어, 거버넌스ì—� 중ì ì� ë‘� 투ìžìžì—ê²� ê¸ì •ì ì¸ 신호입니ë‹�.

Liquidia Corporation (Nasdaq : LQDA) a déposé un formulaire 8-K annonçant la nomination de Dana Boyle en tant que Chief Accounting Officer à compter du 1er juillet 2025. Boyle, 41 ans, dirige la fonction comptable de l’entreprise depuis janvier 2021 en tant que SVP-Finance et Contrôleur. Elle possède une expérience dans des postes financiers seniors chez Aerami Therapeutics et Aralez Pharmaceuticals, ainsi qu’une expérience en comptabilité publique chez Deloitte & Touche. Elle est CPA agréée (NY) et titulaire d’un B.S. en comptabilité de l’Université Rutgers.

Rémunération :

  • Salaire annuel de base : 425 000 $
  • Bonus en espèces cible : 50 % du salaire de base
  • Attribution d’actions : unités d’actions restreintes d’une valeur de 300 000 $ à la date d’effet. Calendrier d’acquisition : 25 % le 11 juillet 2026 ; les 75 % restants en versements trimestriels égaux sur les trois années suivantes, sous réserve de la poursuite de l’emploi.

Conditions de départ : En vertu du Plan modifié et révisé d’indemnités de départ exécutives et de changement de contrôle, Boyle a droit à une continuation de salaire pouvant aller jusqu’� 12 mois, au paiement des primes COBRA et � en cas de licenciement pendant une période de changement de contrôle � à l’acquisition accélérée de 100 % des actions non acquises ainsi qu’au paiement du bonus cible.

Le dépôt indique qu’aucune relation familiale ni transaction avec des parties liées n’existe. La nomination n’a pas été effectuée dans le cadre d’un accord avec d’autres parties.

Message aux investisseurs : Bien que cet événement n’influence pas directement les revenus ou les résultats financiers à court terme, la nomination d’un CAO expérimenté pourrait améliorer la qualité des rapports financiers et les contrôles internes, ce qui constitue un point positif supplémentaire pour les investisseurs axés sur la gouvernance.

Liquidia Corporation (Nasdaq: LQDA) hat ein Formular 8-K eingereicht und die Ernennung von Dana Boyle zum Chief Accounting Officer mit Wirkung zum 1. Juli 2025 bekanntgegeben. Boyle, 41 Jahre alt, leitet seit Januar 2021 die Buchhaltungsabteilung des Unternehmens als SVP-Finance und Controller. Ihr Hintergrund umfasst leitende Finanzpositionen bei Aerami Therapeutics und Aralez Pharmaceuticals sowie Erfahrungen in der Wirtschaftsprüfung bei Deloitte & Touche. Sie ist eine zertifizierte CPA (New York) und hat einen Bachelor of Science in Rechnungswesen von der Rutgers University.

³Õ±ð°ù²µÃ¼³Ù³Ü²Ô²µ²õ±è²¹°ì±ð³Ù:

  • Jahresgrundgehalt: 425.000 $
  • Ziel-Cashbonus: 50 % des Grundgehalts
  • Aktienzuteilung: Restricted Stock Units im Wert von 300.000 $ zum Wirksamkeitsdatum. Vesting-Plan: 25 % am 11. Juli 2026; die restlichen 75 % in gleichen vierteljährlichen Raten über die folgenden drei Jahre, vorbehaltlich fortdauernder Anstellung.

Abfindungsbedingungen: Gemäß dem geänderten und neu gefassten Executive Severance and Change in Control Plan hat Boyle Anspruch auf bis zu 12 Monate Gehaltsfortzahlung, COBRA-Prämienzahlungen und � falls eine Kündigung während eines Kontrollwechselzeitraums erfolgt � beschleunigte Vesting von 100 % der nicht erworbenen Aktien sowie Auszahlung des Zielbonus.

Die Einreichung besagt, dass keine familiären Beziehungen oder Transaktionen mit verbundenen Parteien bestehen. Die Ernennung erfolgte nicht aufgrund einer Vereinbarung mit Dritten.

Investorenausblick: Obwohl die Ernennung die Umsätze oder kurzfristige Finanzen nicht direkt beeinflusst, kann die Bestellung eines erfahrenen CAO die Qualität der Finanzberichterstattung und der internen Kontrollen verbessern � ein zusätzlicher positiver Faktor für investorenorientierte Governance.

GATX CORP false 0000040211 0000040211 2025-06-30 2025-06-30 0000040211 us-gaap:CommonStockMember 2025-06-30 2025-06-30 0000040211 gatx:M0Member 2025-06-30 2025-06-30
 
 

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): June 30, 2025

 

 

GATX Corporation

(Exact name of registrant as specified in its charter)

 

 

 

New York   1-2328   36-1124040
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)

233 South Wacker Drive

Chicago, Illinois 60606-7147

(Address of principal executive offices, including zip code)

(312) 621-6200

(Registrant’s telephone number, including area code)

 

 

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 communication 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

Common Stock   GATX   New York Stock Exchange
    Chicago Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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 1.01

Entry into a Material Definitive Agreement

On June 30, 2025, GATX Corporation (the “Company”) entered into a Commitment Increase Supplement (the “Supplement”) among the Company, M&T Bank, as increasing lender (the “Increasing Lender”), PNC Bank, National Association, as issuing bank, U.S. Bank National Association, as issuing bank, and Citibank, N.A., as swing line bank and as administrative agent, to its existing Five Year Credit Agreement, dated as of May 21, 2024 (as amended, supplemented, or otherwise modified from time to time, the “Credit Agreement”), among the Company, Citibank, N.A. and BofA Securities, Inc., as joint lead arrangers and joint book managers, the lenders party thereto, and Citibank, N.A., as administrative agent. Pursuant to the Supplement, the Increasing Lender made a revolving credit commitment in an amount of $32 million to the Company. As a result of this increase, the aggregate revolving credit commitments of all lenders under the Credit Agreement increased from $600 million to $632 million.

The foregoing description of the Supplement is a summary and is qualified in its entirety by reference to the full text of the Supplement, which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

Item 2.03

Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.

The information provided in Item 1.01 of this Current Report on Form 8-K is incorporated in this Item 2.03 by reference.

 

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits

 

Exhibit

No.

   Description
10.1    Commitment Increase Supplement, dated as of June 30, 2025, by and among GATX Corporation, M&T Bank as Increasing Lender, the additional parties thereto and Citibank, N.A., as Administrative Agent.
104    Cover Page Interactive Data File (embedded within the Inline XBRL document).

 


SIGNATURE

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 hereunto duly authorized.

 

GATX CORPORATION

(Registrant)

/s/ Thomas A. Ellman

Thomas A. Ellman

Executive Vice President and Chief Financial Officer

Date: July 1, 2025

FAQ

Who is Liquidia's new Chief Accounting Officer and when was she appointed?

Dana Boyle was appointed CAO effective July 1, 2025.

What is the base salary and bonus opportunity for LQDA's new CAO?

Boyle will earn a $425,000 base salary and is eligible for a 50 % annual cash bonus.

How many restricted stock units did Dana Boyle receive from Liquidia?

She received RSUs valued at $300,000 on the grant date, vesting over four years.

What severance benefits could the CAO receive upon termination?

She may receive 12 months of salary, COBRA premiums, and accelerated equity vesting if terminated during a change-in-control period.

Does the 8-K disclose any related-party transactions involving Ms. Boyle?

No. The filing states no direct or indirect material interests under Item 404(a).
Gatx Corp

NYSE:GATX

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5.56B
35.28M
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Rental & Leasing Services
Transportation Services
United States
CHICAGO