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Michael Dumais joins Commercial Metals Company (CMC) Board, boosting director count to ten

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Commercial Metals Company appointed Michael “Mike” Dumais to its Board of Directors as a Class II director, effective June 23, 2026. The Board size increases from nine to ten members immediately prior to his appointment, with nine directors described as independent.

Mr. Dumais, a former Executive Vice President and Chief Transformation Officer at Raytheon Technologies, brings more than 30 years of leadership experience in industrial operations, strategy, and large-scale transformation. He will receive CMC’s standard non-employee director compensation and will serve on the Audit Committee and the Finance Committee.

The company highlighted that there are no special arrangements, family relationships, or related-party transactions linked to his appointment. CMC describes itself as a Fortune 500 provider of early-stage construction solutions and a major U.S. manufacturer of steel reinforcing bar, serving infrastructure and building markets across multiple regions.

Positive

  • None.

Negative

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Effective date of appointment June 23, 2026 Start date for Michael Dumais as Class II director
Board size after appointment 10 directors Increased from nine immediately prior to appointment
Independent directors 9 directors Number of independent directors after Dumais joins the Board
Leadership experience More than 30 years Michael Dumais’ experience across industrial operations and strategy
Year founded 1915 CMC founding year as described in company profile
Class II director regulatory
"appointed Michael R. Dumais to serve as a Class II director of the Company"
A class II director is a member of a company’s board who belongs to one of several staggered groups of directors, each group standing for election in different years. For investors, this matters because staggered terms slow wholesale board turnover—like rotating members of a neighborhood committee—making sudden changes in control or strategy harder and affecting how quickly shareholders can influence corporate direction.
Audit Committee financial
"Mr. Dumais will serve on the Audit Committee and the Finance Committee"
A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.
Finance Committee financial
"Mr. Dumais will serve on the Audit Committee and the Finance Committee"
A finance committee is a small group of board members or senior managers tasked with overseeing an organization’s financial planning, budgeting, capital allocation and reporting. Think of it as the company’s household finance team that sets spending priorities, checks financial controls and advises on big investments; its quality and decisions matter to investors because they shape cash use, risk management and the credibility of financial information investors rely on.
independent regulatory
"Mr. Dumais’ appointment increases the number of directors serving on the Board from nine to ten, nine of whom are independent"
equity incentive awards financial
"including equity incentive awards pursuant to the Company’s 2013 Long-Term Equity Incentive Plan"
Equity incentive awards are company grants that pay employees or directors with a stake in the business—typically stock, stock options, or restricted shares—rather than only cash. They matter to investors because they align employees’ interests with shareholders (like giving team members slices of the same pie to encourage growth) but can also increase the total number of shares outstanding, which can reduce each existing shareholder’s percentage ownership and impact reported profits.
Fortune 500 financial
"CMC is a Fortune 500 company headquartered in Irving, Texas"
The Fortune 500 is a list of the 500 biggest companies in the United States, ranked by their total sales or revenue each year. It’s like a ranking of the top players in the business world, showing which companies are the most successful and influential. Being on the list indicates a company’s importance in the economy.
COMMERCIAL METALS Co false 0000022444 0000022444 2026-04-13 2026-04-13
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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): April 13, 2026

 

 

Commercial Metals Company

(Exact Name of Registrant as Specified in Charter)

 

 

Delaware

(State or Other Jurisdiction of Incorporation)

 

1-4304   75-0725338

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

6565 N. MacArthur Blvd.

Irving, Texas

  75039
(Address of Principal Executive Offices)   (Zip Code)

(214) 689-4300

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

 

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 (see General Instruction A.2. below):

 

Written communications 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, $0.01 par value   CMC   New York 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 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 13, 2026, Commercial Metals Company (“CMC” or the “Company”) announced that the Company’s Board of Directors (the “Board”) appointed Michael R. Dumais to serve as a Class II director of the Company, effective June 23, 2026. As such, Mr. Dumais will stand for re-election at the Company’s 2027 annual meeting of stockholders. In connection with Mr. Dumais’ appointment, the Board increased the total number of seats on the Board from nine to ten directors, effective immediately prior to Mr. Dumais’ appointment to the Board.

Mr. Dumais retired in March 2022 from his role as Executive Vice President and Chief Transformation Officer at Raytheon Technologies Corporation (now RTX Corporation) (NYSE: RTX) (“RTX”), which he had held since January 2021. Additionally, from April 2020 to January 2021, Mr. Dumais served as Executive Vice President, Strategy and Corporate Development at RTX. Mr. Dumais currently serves on the board of directors of Baker Hughes Company (Nasdaq: BKR).

As compensation for his service on the Board, Mr. Dumais will receive the Company’s standard compensation for non-employee directors, including equity incentive awards pursuant to the Company’s 2013 Long-Term Equity Incentive Plan, as described in the Company’s Definitive Proxy Statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on November 25, 2025. Mr. Dumais will serve on the Audit Committee and the Finance Committee. There are no arrangements or understandings between Mr. Dumais and any other persons pursuant to which Mr. Dumais was named a director of the Company. There are no family relationships between Mr. Dumais and any of the Company’s directors or executive officers, and Mr. Dumais does not have any direct or indirect material interest in any transaction or proposed transaction required to be reported under Item 404(a) of Regulation S-K.

 

Item 7.01

Regulation FD Disclosure.

On April 13, 2026, the Company issued a press release announcing Mr. Dumais’ appointment to the Board described under Item 5.02 above. A copy of such press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

The information in this Item 7.01 of Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liabilities under that section and is not incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

 

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits

 

99.1    Press Release issued by CMC on April 13, 2026.
104    Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURES

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.

 

    COMMERCIAL METALS COMPANY
Date: April 13, 2026    
    By:  

/s/ Jody K. Absher

    Name:   Jody K. Absher
    Title:   Senior Vice President, Chief Legal Officer and Corporate Secretary

Exhibit 99.1

 

News Release    LOGO

CMC Announces Appointment of Michael “Mike” Dumais to Board of Directors

Irving, TX – April 13, 2026—CMC (NYSE: CMC) (“CMC” or the “Company”) today announced that it has named Michael “Mike” Dumais to the Company’s Board of Directors (the “Board”), effective June 23, 2026.

Mr. Dumais brings more than 30 years of leadership experience across industrial operations and corporate strategy. Most recently, he served as Executive Vice President and Chief Transformation Officer at Raytheon Technologies Corporation, where he led enterprise-wide transformation initiatives following the merger of United Technologies Corporation and Raytheon Company. Previously, Mr. Dumais held senior leadership roles at United Technologies Corporation, including Executive Vice President, Operations and Strategy, overseeing operations, supply chain, strategy, and mergers and acquisitions for the company’s global portfolio. Mr. Dumais also serves on the board of directors at Baker Hughes Company.

“We are pleased to welcome Mike to our Board of Directors,” said Robert S. Wetherbee, CMC’s Chairman of the Board. “His experience supporting multifaceted industrial organizations both at a management and board level will add meaningful insight as we advance our strategic priorities and continue to deliver value for our stakeholders.”

“Mike’s experience aligns closely with CMC’s strategic priorities, particularly our emphasis on operational and commercial excellence and transformative growth,” said Peter Matt, President and Chief Executive Officer of CMC. “He brings valuable perspectives shaped by leading large industrial teams and managing complex operations, and we look forward to his contributions.”

Mr. Dumais’ appointment increases the number of directors serving on the Board from nine to ten, nine of whom are independent. He will serve on the Audit and Finance Committees of the Board.

Mr. Dumais earned a Bachelor of Science in Electrical Engineering from Virginia Tech, a Master of Science in Electrical Engineering from the University of Pennsylvania, and a Master of Business Administration from the Wharton School of the University of Pennsylvania.

About CMC

CMC is a Fortune 500 company headquartered in Irving, Texas, and a leading provider of early-stage construction solutions that support the foundational phases of modern infrastructure and building projects. Founded in 1915, CMC has grown from a single-site recycling operation to one of the largest U.S. manufacturers of steel reinforcing bar (“rebar”), a leading producer of subgrade soil stabilization and foundation enhancement solutions and a major supplier of concrete pipe and precast products.

Through an extensive manufacturing network primarily located in the United States and Central Europe, with strategic operations in the United Kingdom, Europe and Asia, CMC serves infrastructure, non-residential, residential, industrial and energy markets. While often unseen, CMC’s products are essential to highways, bridges, airports, commercial buildings and other critical structures that support everyday life.


(CMC Press Release - Page 2)

 

Media Contact: Susan Gerber, 214-689-4300

FAQ

What did Commercial Metals Company (CMC) announce in this 8-K filing?

CMC announced the appointment of Michael “Mike” Dumais to its Board of Directors, effective June 23, 2026. His addition expands the Board from nine to ten members and reinforces governance with his experience in industrial operations and corporate strategy.

Who is Michael Dumais and what experience does he bring to CMC (CMC)?

Michael “Mike” Dumais is a former Executive Vice President and Chief Transformation Officer at Raytheon Technologies. He brings over 30 years of leadership across industrial operations, supply chain, strategy, and mergers and acquisitions, along with current board experience at Baker Hughes Company.

How does Michael Dumais’ appointment change the CMC Board structure?

His appointment increases CMC’s Board from nine to ten directors, with nine described as independent. Dumais will serve as a Class II director, standing for re-election at the 2027 annual stockholders’ meeting, and will sit on the Audit and Finance Committees.

What committees will Michael Dumais serve on at Commercial Metals Company (CMC)?

Michael Dumais will serve on CMC’s Audit Committee and Finance Committee. These assignments position him to oversee financial reporting and capital-related matters, leveraging his prior roles in operations, strategy, and corporate development at large industrial companies.

How will Michael Dumais be compensated as a CMC non-employee director?

He will receive CMC’s standard compensation for non-employee directors, including equity incentive awards under the 2013 Long-Term Equity Incentive Plan, as described in the company’s definitive proxy statement filed on November 25, 2025 with the U.S. Securities and Exchange Commission.

Filing Exhibits & Attachments

4 documents