STOCK TITAN

[8-K] GATX Corporation Reports Material Event

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8-K
Rhea-AI Filing Summary

GATX Corporation filed an Form 8-K dated 13 July 2025 announcing the election of Robert S. Wetherbee to its Board of Directors, effective immediately.

The appointment increases the Board to nine members. The Board has affirmed Mr. Wetherbee’s independence under NYSE standards and assigned him to both the Audit Committee and the Compensation Committee.

His initial term runs until the 2026 annual shareholder meeting, at which time his service will be subject to renomination and shareholder approval. There are no related-party transactions requiring disclosure under Item 404(a) of Regulation S-K, and the appointment was made following a recommendation from the Governance Committee and the assistance of an external search firm.

Mr. Wetherbee will receive the Company’s standard non-employee director compensation as previously described in the 14 March 2025 proxy statement.

The Company issued a press release on 14 July 2025 regarding the appointment; the release is filed as Exhibit 99.1.

GATX Corporation ha presentato un Modulo 8-K datato 13 luglio 2025, annunciando l'elezione di Robert S. Wetherbee nel suo Consiglio di Amministrazione, con effetto immediato.

La nomina porta il numero dei membri del Consiglio a nove. Il Consiglio ha confermato l'indipendenza del Sig. Wetherbee secondo gli standard della NYSE e lo ha assegnato sia al Comitato di Revisione che al Comitato per la Remunerazione.

Il suo mandato iniziale durerà fino all'assemblea annuale degli azionisti del 2026, momento in cui il suo incarico sarà soggetto a nuova nomina e all'approvazione degli azionisti. Non vi sono operazioni con parti correlate da divulgare ai sensi dell'Item 404(a) del Regolamento S-K, e la nomina è avvenuta su raccomandazione del Comitato di Governance e con l'assistenza di una società di ricerca esterna.

Il Sig. Wetherbee riceverà la consueta remunerazione prevista per i direttori non dipendenti, come descritto nella dichiarazione proxy del 14 marzo 2025.

La Società ha pubblicato un comunicato stampa il 14 luglio 2025 riguardante la nomina; il comunicato è depositato come Esibizione 99.1.

GATX Corporation presentó un Formulario 8-K fechado el 13 de julio de 2025, anunciando la elección de Robert S. Wetherbee a su Junta Directiva, con efecto inmediato.

El nombramiento eleva el número de miembros de la Junta a nueve. La Junta ha confirmado la independencia del Sr. Wetherbee bajo los estándares de la NYSE y lo asignó tanto al Comité de Auditoría como al Comité de Compensación.

Su mandato inicial se extiende hasta la asamblea anual de accionistas de 2026, momento en el que su servicio estará sujeto a nueva nominación y aprobación por parte de los accionistas. No existen transacciones con partes relacionadas que requieran divulgación conforme al ítem 404(a) del Reglamento S-K, y el nombramiento se realizó tras una recomendación del Comité de Gobernanza y con la ayuda de una firma externa de búsqueda.

El Sr. Wetherbee recibirá la compensación estándar para directores no empleados de la Compañía, tal como se describió anteriormente en la declaración proxy del 14 de marzo de 2025.

La Compañía emitió un comunicado de prensa el 14 de julio de 2025 respecto al nombramiento; dicho comunicado se presenta como Exhibición 99.1.

GATX Corporation는 2025년 7월 13일자 Form 8-K를 제출하여 Robert S. Wetherbee를 이사회 멤버로 즉시 선임했다고 발표했습니다.

이번 임명으로 이사회 멤버 수는 9명으로 늘어났습니다. 이사회는 Wetherbee 씨의 NYSE 기준에 따른 독립성을 확인했으며, 그를 감사위원회보상위원회 두 위원회에 배정했습니다.

그의 초기 임기는 2026년 연례 주주총회까지이며, 이후 재지명 및 주주 승인을 받게 됩니다. 규정 S-K의 항목 404(a)에 따른 공개 대상인 이해관계자 거래는 없으며, 이번 임명은 거버넌스 위원회의 추천과 외부 헤드헌팅 회사의 도움을 받아 이루어졌습니다.

Wetherbee 씨는 2025년 3월 14일자 위임장 설명서에 명시된 회사의 표준 비임원 이사 보수를 받게 됩니다.

회사는 2025년 7월 14일 이번 임명에 관한 보도자료를 발표했으며, 해당 자료는 Exhibit 99.1로 제출되었습니다.

GATX Corporation a déposé un Formulaire 8-K daté du 13 juillet 2025 annonçant l’élection de Robert S. Wetherbee au sein de son Conseil d’administration, avec effet immédiat.

Cette nomination porte le Conseil à neuf membres. Le Conseil a confirmé l’indépendance de M. Wetherbee selon les normes de la NYSE et l’a nommé à la fois au Comité d’audit et au Comité de rémunération.

Son mandat initial court jusqu’à l’assemblée générale annuelle des actionnaires de 2026, où son poste sera soumis à une nouvelle nomination et à l’approbation des actionnaires. Il n’y a aucune opération avec des parties liées nécessitant une divulgation selon l’item 404(a) du règlement S-K, et la nomination a été faite suite à une recommandation du Comité de gouvernance et avec l’aide d’un cabinet de recrutement externe.

M. Wetherbee percevra la rémunération standard des administrateurs non salariés de la Société, telle que décrite dans la déclaration de procuration du 14 mars 2025.

La Société a publié un communiqué de presse le 14 juillet 2025 concernant cette nomination ; le communiqué est déposé en tant que Pièce 99.1.

GATX Corporation reichte am 13. Juli 2025 ein Formular 8-K ein und gab die Wahl von Robert S. Wetherbee in den Vorstand mit sofortiger Wirkung bekannt.

Die Ernennung erhöht die Anzahl der Vorstandsmitglieder auf neun. Der Vorstand bestätigte die Unabhängigkeit von Herrn Wetherbee gemäß den NYSE-Standards und berief ihn sowohl in den Prüfungsausschuss als auch in den Vergütungsausschuss.

Seine erste Amtszeit läuft bis zur Jahreshauptversammlung 2026, zu der sein Mandat erneut nominiert und von den Aktionären genehmigt werden muss. Es gibt keine Transaktionen mit verbundenen Parteien, die gemäß Punkt 404(a) der Regulation S-K offenzulegen wären, und die Ernennung erfolgte nach Empfehlung des Governance-Ausschusses und mit Unterstützung einer externen Suchfirma.

Herr Wetherbee erhält die übliche Vergütung für nicht angestellte Direktoren des Unternehmens, wie im Proxy Statement vom 14. März 2025 beschrieben.

Das Unternehmen veröffentlichte am 14. Juli 2025 eine Pressemitteilung zu der Ernennung; diese ist als Exhibit 99.1 eingereicht.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Independent director added; governance strengthened, negligible direct financial impact.

The filing represents a routine but positive governance action. An additional independent director on both the Audit and Compensation Committees enhances oversight and aligns with NYSE independence requirements. No red flags appear: the Board confirms no related-party dealings and standard compensation applies. Because the change does not alter strategy, capital structure, or forecasted earnings, market impact should be limited. Nonetheless, investors may view the strengthened committee composition favorably for risk management and executive pay oversight.

GATX Corporation ha presentato un Modulo 8-K datato 13 luglio 2025, annunciando l'elezione di Robert S. Wetherbee nel suo Consiglio di Amministrazione, con effetto immediato.

La nomina porta il numero dei membri del Consiglio a nove. Il Consiglio ha confermato l'indipendenza del Sig. Wetherbee secondo gli standard della NYSE e lo ha assegnato sia al Comitato di Revisione che al Comitato per la Remunerazione.

Il suo mandato iniziale durerà fino all'assemblea annuale degli azionisti del 2026, momento in cui il suo incarico sarà soggetto a nuova nomina e all'approvazione degli azionisti. Non vi sono operazioni con parti correlate da divulgare ai sensi dell'Item 404(a) del Regolamento S-K, e la nomina è avvenuta su raccomandazione del Comitato di Governance e con l'assistenza di una società di ricerca esterna.

Il Sig. Wetherbee riceverà la consueta remunerazione prevista per i direttori non dipendenti, come descritto nella dichiarazione proxy del 14 marzo 2025.

La Società ha pubblicato un comunicato stampa il 14 luglio 2025 riguardante la nomina; il comunicato è depositato come Esibizione 99.1.

GATX Corporation presentó un Formulario 8-K fechado el 13 de julio de 2025, anunciando la elección de Robert S. Wetherbee a su Junta Directiva, con efecto inmediato.

El nombramiento eleva el número de miembros de la Junta a nueve. La Junta ha confirmado la independencia del Sr. Wetherbee bajo los estándares de la NYSE y lo asignó tanto al Comité de Auditoría como al Comité de Compensación.

Su mandato inicial se extiende hasta la asamblea anual de accionistas de 2026, momento en el que su servicio estará sujeto a nueva nominación y aprobación por parte de los accionistas. No existen transacciones con partes relacionadas que requieran divulgación conforme al ítem 404(a) del Reglamento S-K, y el nombramiento se realizó tras una recomendación del Comité de Gobernanza y con la ayuda de una firma externa de búsqueda.

El Sr. Wetherbee recibirá la compensación estándar para directores no empleados de la Compañía, tal como se describió anteriormente en la declaración proxy del 14 de marzo de 2025.

La Compañía emitió un comunicado de prensa el 14 de julio de 2025 respecto al nombramiento; dicho comunicado se presenta como Exhibición 99.1.

GATX Corporation는 2025년 7월 13일자 Form 8-K를 제출하여 Robert S. Wetherbee를 이사회 멤버로 즉시 선임했다고 발표했습니다.

이번 임명으로 이사회 멤버 수는 9명으로 늘어났습니다. 이사회는 Wetherbee 씨의 NYSE 기준에 따른 독립성을 확인했으며, 그를 감사위원회보상위원회 두 위원회에 배정했습니다.

그의 초기 임기는 2026년 연례 주주총회까지이며, 이후 재지명 및 주주 승인을 받게 됩니다. 규정 S-K의 항목 404(a)에 따른 공개 대상인 이해관계자 거래는 없으며, 이번 임명은 거버넌스 위원회의 추천과 외부 헤드헌팅 회사의 도움을 받아 이루어졌습니다.

Wetherbee 씨는 2025년 3월 14일자 위임장 설명서에 명시된 회사의 표준 비임원 이사 보수를 받게 됩니다.

회사는 2025년 7월 14일 이번 임명에 관한 보도자료를 발표했으며, 해당 자료는 Exhibit 99.1로 제출되었습니다.

GATX Corporation a déposé un Formulaire 8-K daté du 13 juillet 2025 annonçant l’élection de Robert S. Wetherbee au sein de son Conseil d’administration, avec effet immédiat.

Cette nomination porte le Conseil à neuf membres. Le Conseil a confirmé l’indépendance de M. Wetherbee selon les normes de la NYSE et l’a nommé à la fois au Comité d’audit et au Comité de rémunération.

Son mandat initial court jusqu’à l’assemblée générale annuelle des actionnaires de 2026, où son poste sera soumis à une nouvelle nomination et à l’approbation des actionnaires. Il n’y a aucune opération avec des parties liées nécessitant une divulgation selon l’item 404(a) du règlement S-K, et la nomination a été faite suite à une recommandation du Comité de gouvernance et avec l’aide d’un cabinet de recrutement externe.

M. Wetherbee percevra la rémunération standard des administrateurs non salariés de la Société, telle que décrite dans la déclaration de procuration du 14 mars 2025.

La Société a publié un communiqué de presse le 14 juillet 2025 concernant cette nomination ; le communiqué est déposé en tant que Pièce 99.1.

GATX Corporation reichte am 13. Juli 2025 ein Formular 8-K ein und gab die Wahl von Robert S. Wetherbee in den Vorstand mit sofortiger Wirkung bekannt.

Die Ernennung erhöht die Anzahl der Vorstandsmitglieder auf neun. Der Vorstand bestätigte die Unabhängigkeit von Herrn Wetherbee gemäß den NYSE-Standards und berief ihn sowohl in den Prüfungsausschuss als auch in den Vergütungsausschuss.

Seine erste Amtszeit läuft bis zur Jahreshauptversammlung 2026, zu der sein Mandat erneut nominiert und von den Aktionären genehmigt werden muss. Es gibt keine Transaktionen mit verbundenen Parteien, die gemäß Punkt 404(a) der Regulation S-K offenzulegen wären, und die Ernennung erfolgte nach Empfehlung des Governance-Ausschusses und mit Unterstützung einer externen Suchfirma.

Herr Wetherbee erhält die übliche Vergütung für nicht angestellte Direktoren des Unternehmens, wie im Proxy Statement vom 14. März 2025 beschrieben.

Das Unternehmen veröffentlichte am 14. Juli 2025 eine Pressemitteilung zu der Ernennung; diese ist als Exhibit 99.1 eingereicht.

0000040211false00000402112025-07-132025-07-130000040211exch:XCHI2025-07-132025-07-13

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): July 13, 2025
GATX Corporation
(Exact name of registrant as specified in its charter)
New York 1-2328 36-1124040
(State or other jurisdiction
of incorporation)
 (Commission
File Number)
 (IRS Employer
Identification No.)
233 South Wacker Drive
Chicago, Illinois 60606-7147
(Address of principal executive offices, including zip code)
(312) 621-6200
(Registrant’s telephone number, including area code)
 __________________________
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 communication 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 classTrading Symbol(s)Name of Each Exchange on Which Registered
Common StockGATXNew York Stock Exchange
Chicago 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 July 13, 2025, the Board of Directors (the “Board”) of GATX Corporation (the “Company”) elected Robert S. Wetherbee as a director and assigned him to its Audit and Compensation Committees, effective immediately. Mr. Wetherbee’s initial term as a director will expire at the 2026 annual meeting of the Company’s shareholders, at which time his continued Board service will be subject to renomination and shareholder approval. With the election of Mr. Wetherbee, the size of the Board is now nine members.

The Board has determined that Mr. Wetherbee is independent under the applicable independence requirements of the New York Stock Exchange. There are no transactions in which Mr. Wetherbee has or will have an interest that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K under the Securities Exchange Act of 1934, as amended, at this time.

The selection of Mr. Wetherbee was not pursuant to any arrangement or understanding between him and any other person. The Governance Committee of the Board recommended Mr. Wetherbee to the full Board as a nominee for election, and an internationally-recognized third-party search firm engaged by the Governance Committee provided assistance in identifying him as a potential Board candidate.

Mr. Wetherbee will participate in the Company’s standard non-employee director compensation arrangements described in the section entitled “Director Compensation” in the Company’s Proxy Statement filed with the Securities and Exchange Commission on March 14, 2025.

Item 7.01 Regulation FD Disclosure.
On July 14, 2025, the Company issued a press release announcing the director election described above under Item 5.02. Attached as Exhibit 99.1 and incorporated herein by reference is a copy of the press release.

Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
    
Exhibit No.  Description
99.1  
Press release of GATX Corporation dated July 14, 2025.
104Cover Page Interactive Data File (embedded within the Inline XBRL document).






SIGNATURE
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.
 
GATX CORPORATION
(Registrant)
/s/ Thomas A. Ellman
Thomas A. Ellman
Executive Vice President and Chief Financial Officer
July 14, 2025


FAQ

Who was elected to GATX (GATX)'s Board on July 13, 2025?

Robert S. Wetherbee was elected as a director.

What is the new size of GATX's Board of Directors?

The Board now consists of nine members.

Which committees will Robert S. Wetherbee join at GATX?

He will serve on the Audit Committee and Compensation Committee.

Is Robert S. Wetherbee considered independent under NYSE rules?

Yes. The Board determined he meets NYSE independence requirements.

When does Mr. Wetherbee's initial Board term expire?

His term runs until the 2026 annual shareholder meeting.

Where can I find the press release about the director appointment?

It is filed as Exhibit 99.1 dated July 14 2025.
Gatx Corp

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