Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. At a regularly scheduled meeting held on September 27, 2026, the Board of Directors (the “Board”) of Crane Company (the “Company”) considered and accepted the tendered resignation of James L. L.…
Crane Company has delivered innovation and technology-led solutions to its customers since its founding in 1855. Today, Crane is a leading manufacturer of highly engineered components for challenging, mission-critical applications focused on the aerospace, defense, space and process industry end markets. The Company has two strategic growth platforms, Aerospace & Electronics and Process Flow Technologies. Crane has approximately 8,500 employees in the Americas, Europe, the Middle East, Asia and Australia. For more information, visit www.craneco.com.
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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.
At a regularly scheduled meeting held on September 27, 2026, the Board of Directors (the “Board”) of Crane Company (the “Company”) considered and accepted the tendered resignation of James L. L. Tullis, the Board’s Lead Independent Director, from the Board pursuant to the Company’s retirement policy for directors included in the Company’s Corporate Governance Guidelines. Mr. Tullis’ resignation will be effective at the conclusion of the Company’s 2027 Annual Meeting of Stockholders. Mr. Tullis’ resignation was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices. The Board will begin a process to identify a successor to assume the Lead Independent Director role following Mr. Tullis’ retirement.