Form 8-K · Current Report · Filed 2025-01-03
Cleveland-Cliffs Appoints Jane M. Cronin to Board of Directors
On January 3, 2025, Cleveland-Cliffs Inc. appointed Jane M. Cronin to its Board of Directors, effective immediately. Ms. Cronin, an independent director, will receive compensation in the same manner as other nonemployee directors and will participate in the Company's 2021 Nonemployee Directors' Compensation Plan, which includes a prorated restricted share award and quarterly retainer fees. The Company also intends to enter into a Director and Officer Indemnification Agreement with Ms. Cronin, providing indemnification against expenses, costs, liabilities, and losses incurred in connection with her service on the Board.
- Filer
- Cleveland-Cliffs Inc. CLF · NYSE
- Filed
- Accession
- 0000764065-25-000004
- CIK
- 0000764065
- Signal
- Medium impactBasic Materials
- Source
- Official filing on sec.gov ↗
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Market reaction
Close before filing
$9.54
Next session
+3.8%
Since filing
+20.8%
Latest close
$11.52
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from CLF reporting the same item, with the next session's move:
About Cleveland-Cliffs Inc.
Cleveland-Cliffs Inc. is a leading integrated producer of flat-rolled steel products in North America. The company operates through a robust supply chain that spans a wide range of steel manufacturing processes, including mining, pelletizing, and direct reduced iron production. As a major supplier of steel to various industries, Cleveland-Cliffs serves critical sectors such as automotive, construction, and manufacturing, providing essential materials used in the production of vehicles, appliances, and infrastructure projects. Founded in 1847, Cleveland-Cliffs has evolved from a small iron mining operation into a comprehensive steel powerhouse, reflecting its importance to the U.S. economy and robust industrial base. The firm's strategic acquisitions and production capabilities enhance its position in the market, allowing it to reduce reliance on third-party suppliers and maintain greater control over the quality of its steel products. Cleveland-Cliffs stands out in the financial market due to its significant impact on raw material supply chains and its role in supporting industrial growth and development across North America.
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