EX-99.1 2 tm258904d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Contact: Media Nicholas Relations Manganaro CRA Sharon International Merrill Advisors media@crai.com crai@investorrelations.com 617-425-6453 617-542-5300 Charles River Associates (CRA) Announces CFO Transition BOSTON - (BUSINESS WIRE) - Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that Daniel Mahoney, CRA’s Chief Financial Officer, will transition out of his role to a new opportunity outside of the consulting industry, effective April 11, 2025. Chad Holmes, CRA’s Chief Corporate Development Officer and former CFO, will serve as interim CFO while the Company conducts a search for a permanent replacement, which is being supported by a leading executive search firm. “On behalf of our Board of Directors and the entire senior management team, I want to thank Dan for his financial leadership and for his many contributions over the past five years,” said CRA President and Chief Executive Officer Paul Maleh. “CRA’s market and financial position has never …
Open exhibit ↗Current Report · Items 5.02, 7.01, 9.01 · 8-K
CRA International, Inc.
CRAINASDAQEQUITYCurrent
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD Disclosure
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 11, 2025, Daniel K. Mahoney notified CRA International, Inc.…
Disclosure sections
Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On March 11, 2025, Daniel K. Mahoney notified CRA
International, Inc. (the “Company”) that he will resign from his role as the Company’s Chief Financial Officer, Executive
Vice President and Treasurer, effective April 11, 2025, for a new opportunity outside of the consulting industry. Effective
April 11, 2025, Chad Holmes, the Company’s Executive Vice President and Chief Corporate Development Officer, will assume the role
of interim Chief Financial Officer while the Company, with the assistance of a leading executive search firm, conducts a search for a
permanent replacement.
Mr. Holmes, age 52, joined the Company in 2004
and has served as the Company’s Chief Corporate Development Officer since 2020. He has been a member of the senior management team
since 2009 and an Executive Vice President since 2014. From 2014 to 2020, he served as the Company’s Chief Financial Officer and
Treasurer.
Mr.
Holmes is not a party to any transaction, and there is no currently proposed transaction with Mr. Holmes, that is required to be disclosed
pursuant to Item 404(a) of Regulation S-K. There are no family relationships between Mr. Holmes and any of the Company’s directors
or executive officers. Mr. Holmes is not a party to any arrangement or understanding regarding his appointment as interim Chief Financial
Officer.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.
On March 13, 2025, the Company issued a press release
related to the matters described in Item 5.02 of this Current Report on Form 8-K. A copy of this press release is furnished herewith as
Exhibit 99.1.
The information contained in Item 7.01 of this
report and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under
the Securities Act of 1933 or the Securities Exchange Act of 1934, except as expressly set forth by specific reference in such a filing.