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Form 8-K · Current Report · Filed 2024-09-24

Norfolk Southern Appoints New CFO

Norfolk Southern Corporation announced on September 24, 2024, the appointment of Jason A.

Filer
Norfolk Southern Corporation NSC · NYSE
Filed
Accession
0001193125-24-224876
CIK
0000702165
Signal
High impactIndustrials

Details

Zampi as its new Executive Vice President, Chief Financial Officer, and Treasurer, effective from the same date. Mr. Zampi, who previously served as the Acting Chief Financial Officer, will receive an annual base salary of $600,000 and has an annual incentive opportunity of 150% of his base salary. Additionally, he was granted a long-term incentive award with a fair market value of $554,200.

Items reported

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

New CFO Appointed Executive Compensation Detail

Market reaction

Close before filing

$246.00

Next session

-1.1%

Since filing

+36.4%

Latest close

$335.48

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from NSC reporting the same item, with the next session's move:

About Norfolk Southern Corporation

Norfolk Southern Corporation is a Class I railroad company that plays a vital role in the U.S. transportation sector. Its primary function is to provide freight transportation services across a comprehensive network that spans the eastern United States. The company's expansive rail system facilitates the efficient movement of raw materials, intermediate products, and finished goods, thus supporting key industries such as agriculture, automotive, chemicals, coal, and intermodal traffic. Norfolk Southern's operations are integral to supply chains and the overall economy, as they help transport essential products swiftly over long distances. With a focus on safety, sustainability, and technological enhancements, the company strives to improve operational efficiency and reduce its environmental footprint. Norfolk Southern's services are critical to logistics and transportation, significantly impacting regional and national market dynamics by enabling competitive pricing and timely delivery. Its strategic rail connections and robust infrastructure underscore its importance in the rail transportation industry.

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