# EDGAR Filing Document

**Accession Number:** 0000016875
**File Stem:** 0001193125-23-063697
**Filing Date:** 2023-3
**Character Count:** 10206
**Document Hash:** 0b16eafe80527cc98ab175550eaedf91
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-063697.hdr.sgml**: 20230308

**ACCESSION NUMBER**: 0001193125-23-063697

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20230307

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230308

**DATE AS OF CHANGE**: 20230308

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CANADIAN PACIFIC RAILWAY LTD/CN
- **CENTRAL INDEX KEY:** 0000016875
- **STANDARD INDUSTRIAL CLASSIFICATION:** RAILROADS, LINE-HAUL OPERATING [4011]
- **IRS NUMBER:** 980355078
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-01342
- **FILM NUMBER:** 23714799

**BUSINESS ADDRESS:**
- **STREET 1:** 7550 OGDEN DALE ROAD S.E.
- **CITY:** CALGARY ALBERTA
- **STATE:** A0
- **ZIP:** T2C 4X9
- **BUSINESS PHONE:** 403-319-3591

**MAIL ADDRESS:**
- **STREET 1:** 7550 OGDEN DALE ROAD S.E.
- **CITY:** CALGARY ALBERTA
- **STATE:** A0
- **ZIP:** T2C 4X9

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CANADIAN PACIFIC LTD
- **DATE OF NAME CHANGE:** 19930507

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CANADIAN PACIFIC RAILWAY CO
- **DATE OF NAME CHANGE:** 19710818

?xml version="1.0" encoding="utf-8" ? 8-K

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### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

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### FORM 8-K

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#### CURRENT REPORT

#### Pursuant to Section 13 or 15(d)

#### of The Securities Exchange Act of 1934

#### March 8, 2023 (March 7, 2023)

#### Date of Report (Date of earliest event reported)

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## Canadian Pacific Railway Limited

#### (Exact name of registrant as specified in its charter)

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---

| | | |
|:---|:---|:---|
| **Canada** | **001-01342** | **98-0355078** |
| **(State or other jurisdiction<br>of incorporation)** | **(Commission<br>File Number)** | **(IRS Employer<br>Identification No.)** |

---

#### 7550 Ogden Dale Road S.E., Calgary, Alberta,

#### Canada, T2C 4X9

#### (Address of principal executive offices) (Zip Code)
(403) 319-7000

#### Registrant's telephone number, including area code

#### Not Applicable

#### (Former name or former address, if changed since last report.)

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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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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading<br>Symbol(s)** | **Name of each exchange<br>on which registered** |
| Common Shares, without par value, of Canadian Pacific Railway Limited | CP | New York Stock Exchange |
| Common Shares, without par value, of Canadian Pacific Railway Limited | CP | Toronto Stock Exchange |
| Perpetual 4% Consolidated Debenture Stock of Canadian Pacific Railway Company | CP40 | New York Stock Exchange |
| Perpetual 4% Consolidated Debenture Stock of Canadian Pacific Railway Company | BC87 | London Stock Exchange |

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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. ☐

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| | |
|:---|:---|
| **ITEM 8.01.** | **Other Events.** |

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On March 7, 2023, Canadian Pacific Railway Limited ("CP") issued a press release announcing the ratification of a new collective agreement with the Brotherhood of Locomotive Engineers and Trainmen representing hundreds of locomotive engineers and trainmen of CP and Kansas City Southern ("KCS") in U.S. Midwest locations. The new collective agreement will take effect upon the consummation of the proposed CP-KCS combination, which remains subject to receipt of regulatory approval by the U.S. Surface Transportation Board. A copy of this press release is attached as Exhibit 99.1.

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| | |
|:---|:---|
| **ITEM 9.01.** | **Financial Statements and Exhibits.** |

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(d) Exhibits

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| | |
|:---|:---|
| **Exhibit<br>No.** | **Exhibit Description** |
| Exhibit 99.1 | [Press Release dated March 7, 2023.](d477773dex991.htm) |
| Exhibit 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

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#### 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.

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| | | |
|:---|:---|:---|
| Dated: March 8, 2023 |  |  |
|  | CANADIAN PACIFIC RAILWAY LIMITED | CANADIAN PACIFIC RAILWAY LIMITED |
|  | By: | /s/ Nizam Hasham |
|  | Name: | Nizam Hasham |
|  | Title: | Assistant Corporate Secretary |

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## Exhibit 99.1

**Exhibit 99.1**![LOGO](g477773g0308012237991.jpg)

Release: March 7, 2023

**CP announces ratification of new collective agreement with BLET in U.S. Midwest** 

Calgary – Canadian Pacific (NYSE:CP) (TSX:CP) ("CP") announced today the ratification of a new collective agreement with the Brotherhood of Locomotive Engineers and Trainmen representing hundreds of CP and Kansas City Southern ("KCS") locomotive engineers and trainmen in U.S. Midwest locations, which will take effect upon the consummation of the proposed CP-KCS combination, which remains subject to receipt of regulatory approval by the U.S. Surface Transportation Board ("STB").

The new collective agreement includes CP employees on the Dakota, Minnesota & Eastern ("DM&E") South territory in Iowa, Illinois, Missouri and Minnesota, as well as KCS employees in Kansas and Missouri. This agreement, ratified by BLET members this month, provides higher pay and scheduled time off compared to national agreements on a majority of the other Class 1 railways.

The BLET agreement and an earlier collective agreement with SMART-TD representing KCS conductors in Kansas and Missouri, ratified last year, (which will also take effect following the STB approval of the CP-KCS combination), further demonstrates CP's commitment to reaching new collective agreements that will enable a future CPKC to enhance service across the combined railroad's vital north-south corridor, increase competition and allow for future growth.

"These hourly agreements create the operational flexibility needed to deliver better service to our customers while improving pay and quality of life for our employees by providing more scheduled time off, something national agreements typically don't provide" said Keith Creel, CP President and CEO. "These innovative agreements will create predictable schedules for conductors and engineers and empower us to attract and retain the most talented railroaders in the industry as we successfully serve our customers with, pending regulatory approval, a combined CPKC connecting Canada, the U.S. and Mexico."

CP's proposed combination with KCS remains subject to regulatory approval by the STB. An STB decision is expected in first quarter of 2023.

**Forward looking information** 

This news release contains certain forward looking statements and forward looking information (collectively, "FLI") to provide CP shareholders and potential investors with information about CP, KCS and their respective subsidiaries and affiliates, which FLI may not be appropriate for other purposes. FLI is typically identified by words such as "anticipate", "expect", "project", "estimate", "forecast", "plan", "intend", "will", "target", "believe", "likely" and similar words suggesting future outcomes or statements regarding an outlook. All statements other than statements of historical fact may be FLI.

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![LOGO](g477773g0308012237991.jpg)

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![LOGO](g477773g0308012237991.jpg)

We caution that the foregoing list of factors is not exhaustive and is made as of the date hereof. Additional information about these and other assumptions, risks and uncertainties can be found in reports and filings by CP with Canadian and U.S. securities regulators, including any prospectus, material change report, management information circular or registration statement that have been or will be filed in connection with the transaction. Reference should be made to "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations – Forward Looking Statements" in CP's annual and interim reports on Form 10-K and 10-Q. Due to the interdependencies and correlation of these factors, as well as other factors, the impact of any one assumption, risk or uncertainty on FLI cannot be determined with certainty.

Except to the extent required by law, we assume no obligation to publicly update or revise any FLI, whether as a result of new information, future events or otherwise. All FLI in this news release is expressly qualified in its entirety by these cautionary statements.

**About Canadian Pacific** 

Canadian Pacific is a transcontinental railway in Canada and the United States with direct links to major ports on the west and east coasts. CP provides North American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpr.ca to see the rail advantages of CP. CP-IR

**Contacts:** 

**Media** 

Alert_mediarelations@cpr.ca

**Investment Community** 

Maeghan Albiston

403-319-3591

investor@cpr.ca