Crane NXT appoints Jeong H. Kim to its board
Crane NXT describes approximately 6,000 employees working on authentication, security and traceability challenges around the world.
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Form Type
8-K
Rhea-AI Filing Summary
Crane NXT, Co. (CXT) appointed Jeong H. Kim to its board, effective October 29, 2026. His term runs through the next Annual Meeting and until his successor is duly elected and qualified.
Kim’s compensation will follow the company’s previously disclosed program for non-employee directors and will be prorated from his start date. Crane NXT and Kim will enter into an indemnification agreement substantially in the form filed with the company’s 2025 annual report. Crane NXT stated there were no arrangements or understandings pursuant to which Kim was elected and no related-party transactions between them reportable under the applicable disclosure rule. Kim is executive chairman and co-founder of Kiswe Mobile, Inc. and previously served as president of Bell Labs.
8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
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.
Key Figures
Board service effective date: October 29, 2026
Crane NXT employees: approximately 6,000 employees
Bell Labs history: more than 80 years
3 metrics
Board service effective date
October 29, 2026
Effective date of Jeong H. Kim’s appointment as a director
Crane NXT employees
approximately 6,000 employees
Company overview
Bell Labs history
more than 80 years
The company announcement describes Kim as the first Bell Labs leader recruited from outside the organization
Key Terms
indemnification agreement, reliability engineering, authentication and traceability technologies
3 terms
indemnification agreement regulatory
"enter into an indemnification agreement substantially in the form"
An indemnification agreement is a contract in which one party promises to cover losses, costs, or legal claims that another party might face, acting like a tailored safety net or private insurance policy. For investors, it matters because such agreements shift potential financial risk away from a company or its officers and onto the indemnifier, which can affect a company’s future liabilities, cash flow and how risky the investment appears during deal-making or litigation.
reliability engineering technical
"Ph.D. in reliability engineering"
authentication and traceability technologies technical
"a global leader in authentication and traceability technologies"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When does Jeong H. Kim join the Crane NXT (CXT) board?
Jeong H. Kim is scheduled to begin serving as a Crane NXT director on October 29, 2026. His term runs through the next Annual Meeting and until his successor is duly elected and qualified.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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): October 6, 2026
(Exact name of registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation)
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | |||||||||
(Address of Principal Executive Offices) | (Zip Code) | ||||||||||
Registrant’s telephone number, including area code: 781 -755-6868
N/A
(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:
| 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:
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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. ☐
1
SECTION 5 – CORPORATE GOVERNANCE AND MANAGEMENT
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. | ||||
On October 6, 2026, the Board of Directors (the “Board”) of Crane NXT, Co. (the “Company”) appointed Jeong H. Kim to serve as a director of the Board, effective October 29, 2026, for a term expiring at the next Annual Meeting and until his successor is duly elected and qualified.
Mr. Kim’s compensation will be consistent with the Company’s previously disclosed director compensation program for non-employee directors, which is described in the Company’s most recent proxy statement filed with the Securities and Exchange Commission on April 7, 2026, under the heading “Compensation of Directors” (as such program has been updated from time to time). Mr. Kim’s compensation will be prorated to reflect the commencement date of his Board service. In addition, the Company and Mr. Kim will enter into an indemnification agreement substantially in the form filed as Exhibit 10(iii)(g) to the Company's Annual Report on Form 10-K for the period ended December 31, 2025.
There were no arrangements or understandings pursuant to which Mr. Kim was elected as director, and there are no related party transactions between the Company and Mr. Kim that would be reportable under Item 404(a) of Regulation S-K.
A copy of the Company’s press release announcing the appointment of Mr. Kim to the Board is attached hereto as Exhibit 99.1.
| Exhibit No. | Description of Exhibit | |||||||
| 99.1 | Press Release dated October 7, 2026, issued by Crane NXT, Co. | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
2
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.
| CRANE NXT, CO. | |||||||||||||||||
| October 7, 2026 | |||||||||||||||||
| By: | /s/ Paul G. Igoe | ||||||||||||||||
| Paul G. Igoe | |||||||||||||||||
| Senior Vice President, General | |||||||||||||||||
| Counsel and Secretary | |||||||||||||||||
3
Crane NXT Appoints Jeong H. Kim to Board of Directors
WALTHAM, Mass. – October 7, 2026 – Crane NXT, Co. (NYSE: CXT), a global leader in authentication and traceability technologies, today announced the appointment of Jeong H. Kim to its Board of Directors, effective October 29, 2026.
Dr. Kim brings decades of leadership experience spanning advanced technologies, communications, engineering and global business, with a proven track record of translating technical expertise into commercial success. He currently serves as Executive Chairman and Co-Founder of Kiswe Mobile, Inc. and previously served as President of Bell Labs, where he was the first leader recruited from outside the organization in its more than 80-year history.
“Jeong is a globally recognized technology leader with an exceptional record of building advanced technologies and bringing them to market,” said John S. Stroup, Chairman of the Crane NXT Board. “His experience translating technical expertise into commercial success will bring valuable perspective to our Board as we continue to strengthen our market leadership, expand our portfolio and create long-term value for shareholders.”
“Crane NXT has built a differentiated technology portfolio that helps customers authenticate, secure and trace critical products and assets,” said Dr. Kim. “I look forward to working with the Board and management team as the Company continues to build on competitive strengths and pursue long-term growth opportunities.”
Dr. Kim has served on numerous corporate, university and nonprofit boards, including the board of Samsung Electronics. He is a member of the National Academy of Engineering and a recipient of the National Medal of Technology and Innovation, France’s Legion of Honor and the Horatio Alger Award.
Dr. Kim holds a Ph.D. in reliability engineering from the University of Maryland, a master’s degree in technical management and a bachelor’s degree in electrical engineering and computer science from Johns Hopkins University.
About Crane NXT, Co.
Crane NXT is a global leader in authentication and traceability technologies that secure, detect, and authenticate what matters most to its customers. Through its two market-leading business segments, Security & Authentication Technologies and Detection & Traceability Technologies, Crane NXT provides innovative solutions that prevent the counterfeiting of products and identities and ensure the quality, authenticity, and traceability of products across the
supply chain. Crane NXT’s approximately 6,000 employees help customers protect critical assets and address complex authentication, security and traceability challenges around the world every day. For more information, visit www.cranenxt.com.
Contact:
John Walsh
Vice President, Investor Relations
john.walsh@cranenxt.com
john.walsh@cranenxt.com
www.cranenxt.com
