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Norfolk Southern logoNorfolk Southern NSC

Norfolk Southern said the board appointed Jason A. Zampi, the current Acting Chief Financial Officer, as Executive Vice President, Chief Financial Officer and Treasurer on September 24, 2024.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Norfolk Southern said the board appointed Jason A. Zampi, the current Acting Chief Financial Officer, as Executive Vice President, Chief Financial Officer and Treasurer on September 24, 2024.

  2. The company said Zampi, 49, joined the company in 2011 and served as Vice President of Financial Planning and Analysis from 2020 to 2024. He then served as Senior Vice President Finance & Treasurer beginning in August 2024 and has served as Acting Chief Financial Officer since September 11, 2024.

  3. The company said the board approved an annual base salary of $600,000 and an annual incentive opportunity of 150% of base salary. It said both will be prorated for 2024 based on the number of days worked as CFO.

  4. The company said the board granted a long-term incentive award with a grant date fair market value of $554,200, consisting of restricted stock units, performance share units and stock options. It said the award is prorated for 2024 based on the number of days worked as CFO.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

CFO Appointment

Norfolk Southern said the board appointed Jason A. Zampi, the current Acting Chief Financial Officer, as Executive Vice President, Chief Financial Officer and Treasurer on September 24, 2024.

Source · Based on the filing body and exhibits

Zampi's Career

The company said Zampi, 49, joined the company in 2011 and served as Vice President of Financial Planning and Analysis from 2020 to 2024. He then served as Senior Vice President Finance & Treasurer beginning in August 2024 and has served as Acting Chief Financial Officer since September 11, 2024.

Source · Based on the filing body and exhibits

Compensation Terms

The company said the board approved an annual base salary of $600,000 and an annual incentive opportunity of 150% of base salary. It said both will be prorated for 2024 based on the number of days worked as CFO.

Source · Based on the filing body and exhibits

Long-Term Incentive Award

The company said the board granted a long-term incentive award with a grant date fair market value of $554,200, consisting of restricted stock units, performance share units and stock options. It said the award is prorated for 2024 based on the number of days worked as CFO.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.