Item 5.02(b) Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
OnDecember 3, 2021 ,Brian A. Kenney , President and Chief Executive Officer, notified the Board of Directors (the "Board") ofGATX Corporation (the "Company") of his decision to retire as an officer of the Company effectiveApril 22, 2022 , following the Annual Meeting of Shareholders. It is expected thatMr. Kenney will continue to serve on the Company's Board as non-executive Chairman untilOctober 31, 2022 , at which time he intends to retire from the Board. The Board will appoint an independent director to serve as Chair to take effect onNovember 1, 2022 . The press release announcingMr. Kenney's retirement is filed as Exhibit 99.1 to this Form 8-K.
Item 5.02(c) Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
OnDecember 3, 2021 , the Board appointedRobert C. Lyons , 57, to the position of Chief Executive Officer and President, effective at the time ofMr. Kenney's retirement onApril 22, 2022 . The Board intends to nominateMr. Lyons for election as a director at the 2022 Annual Meeting of Shareholders.Mr. Lyons currently serves as the Company's Executive Vice President and President of itsRail North America business. He previously served as the Company's Executive Vice President and Chief Financial Officer from 2012 to 2018, Senior Vice President and Chief Financial Officer from 2007 to 2012, and Vice President and Chief Financial Officer from 2004 to 2007. He currently serves on the board of directors of Packaging Corporation of America. The press release announcing the appointment ofMr. Lyons as Chief Executive Officer and President is filed as Exhibit 99.1 to this Form 8-K.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
EffectiveDecember 3, 2021 , the Board amended and restated the Company's Amended and Restated By-Laws (the "By-Laws") to remove language requiring that the Chairman of the Board be an officer of the Company. The foregoing description is qualified in its entirety by the By-Laws, which are attached hereto as Exhibit 3.1 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits Exhibit No. Description 3.1 Amended and Restated By-Laws of GATX
Corporation, as amended and restated
onDecember 3, 2021 . 99.1GATX Corporation press release, issued
resignation ofBrian A. Kenney , President and
Chief Executive Officer, and
the appointment ofRobert C. Lyons as CEO-Elect. 104 Cover Page Interactive Data File (embedded
within the Inline XBRL document).
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