# EDGAR Filing Document

**Accession Number:** 0000277948
**File Stem:** 0000950103-25-013783
**Filing Date:** 2025-10
**Character Count:** 11269
**Document Hash:** d95219e989e0935c3078ff16a7b7a594
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950103-25-013783.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0000950103-25-013783

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20251029

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251029

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CSX CORP
- **CENTRAL INDEX KEY:** 0000277948
- **STANDARD INDUSTRIAL CLASSIFICATION:** RAILROADS, LINE-HAUL OPERATING [4011]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 621051971
- **STATE OF INCORPORATION:** VA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-08022
- **FILM NUMBER:** 251427026

**BUSINESS ADDRESS:**
- **STREET 1:** 500 WATER STREET
- **STREET 2:** 15TH FLOOR
- **CITY:** JACKSONVILLE
- **STATE:** FL
- **ZIP:** 32202
- **BUSINESS PHONE:** 9043593200

**MAIL ADDRESS:**
- **STREET 1:** 500 WATER STREET
- **STREET 2:** 15TH FLOOR
- **CITY:** JACKSONVILLE
- **STATE:** FL
- **ZIP:** 32202

?xml version='1.0' encoding='ASCII'?

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

<u>Form 8-K</u> 

**Current Report**

**Pursuant to Section 13 or 15(d) of**

**the Securities Exchange Act of 1934**

![CSX_BLUE_RGB_JPG.jpg](image_001.jpg)

**Date of Report (Date of earliest event reported): October 29, 2025**

<u>CSX CORPORATION</u>

(Exact name of registrant as specified in its charter)

Virginia 1-8022 62-1051971 <br> (State or other jurisdiction (Commission File No.) (I.R.S. Employer <br> of incorporation) Identification No.)

<u>500 Water Street, 15th Floor</u><u>, Jacksonville</u><u>, FL</u><u>32202</u>

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code:

<u>(904) 359-3200</u>

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 Stock, $1 Par Value | CSX | NASDAQ Global Select Market |

---

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 October 29, 2025, CSX Corporation (the "Company") announced the appointment of Kevin S. Boone to the position of Executive Vice President and Chief Financial Officer of the Company, effective immediately. Mr. Boone, who has most recently served as the Company's Executive Vice President and Chief Commercial Officer since June 2021, succeeds Sean R. Pelkey, who separated from his employment as Executive Vice President and Chief Financial Officer of the Company, also effective as of October 29, 2025. Upon his separation from employment, subject to his signing a customary employment separation agreement and release form, Mr. Pelkey will be eligible to receive compensation and benefits in accordance with the CSX Executive Severance Plan, the terms of which are described in the Company's 2025 Proxy Statement filed with the Securities and Exchange Commission ("SEC") on March 25, 2025.

The information required by Items 401(b), (d) and (e) and Item 404(a) of Regulation S-K with respect to Mr. Boone is set forth in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the SEC on February 27, 2025. There will not be any changes to Mr. Boone's compensation arrangements in connection with his appointment.

**Item 7.01. Regulation FD Disclosure.**

On October 29, 2025, the Company issued a press release announcing the leadership changes reported in this Current Report on Form 8-K. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

In accordance with General Instruction B.2 of Form 8-K, the information furnished pursuant to this Item 7.01, including Exhibit 99.1 furnished herewith, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

**Item 8.01. Other Events.**

Also on October 29, 2025, the Company announced the promotion of Maryclare T. Kenney, age 48, as the Company's new Senior Vice President and Chief Commercial Officer, effective immediately.

Ms. Kenney previously served as the Company's Vice President of Sales and Marketing. Since joining the Company in 2011, she has advanced through roles of increasing responsibility. Most recently, Ms. Kenney was responsible for Merchandise Sales and Marketing, TRANSFLO, Automotive and Total Distribution Services, Inc. (TDSI). Prior to that, she served as Vice President of Intermodal and Automotive. Before joining the Company, Ms. Kenney spent four years at PepsiCo serving in a range of sales leadership and strategy positions. She also served in the U.S. Army for seven years as an aviator, attaining the rank of captain. Ms. Kenney earned a Master's Degree in Business Administration from the Harvard Business School and a Bachelor's Degree in Government and International Relations from the University of Notre Dame.

**Item 9.01. Financial Statements and Exhibits**

(d) The following exhibits are being furnished herewith:

---

| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| [99.1](dp236450_ex9901.htm) | [Press Release, dated October 29, 2025](dp236450_ex9901.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

\* Internet addresses are provided for informational purposes only and are not intended to be hyperlinks.

<u>Signature</u>

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.

CSX CORPORATION

By: <u>/s/ Michael S. Burns</u>

Michael S. Burns

Senior Vice President,

Chief Legal Officer and

Corporate Secretary

Date: October 29, 2025

## Exhibit 99.1

**Exhibit 99.1**

---

| | |
|:---|:---|
| ![](image_020.jpg) | ![](image_021.jpg) |

---

**CSX Announces New Leadership Appointments**

**JACKSONVILLE, Fla. – October 29, 2025** – CSX (NASDAQ: CSX) today announced executive leadership changes designed to strengthen the company's strategic focus and advance its long-term growth objectives. Effective immediately, Kevin Boone has been named executive vice president and chief financial officer, succeeding Sean Pelkey, who has departed the company. Maryclare Kenney has been promoted to senior vice president and chief commercial officer, reinforcing the company's commitment to driving continued momentum and value creation.

"I am pleased to appoint Kevin and Maryclare to these critical leadership roles," said Steve Angel, president and chief executive officer of CSX. "They are the right leaders at the right time to build on our momentum and position CSX for long-term success. Their exceptional expertise and proven track records will be instrumental in advancing a high-performance culture and realizing our vision of becoming the best-performing railroad in the nation."

"We thank Sean for his many years of dedicated service to CSX and sincerely wish him well in his future endeavors," Angel added.

Boone joined CSX in 2017 and has held several key leadership roles. Most recently, he served as executive vice president and chief commercial officer. He brings exceptional expertise to the role of executive vice president and chief financial officer, a position he previously held for two years during the company's navigation of supply chain challenges brought on by the COVID-19 pandemic. Boone also served as vice president of corporate affairs and investor relations at CSX. Prior to joining the company, he spent nearly two decades in the investment industry, specializing in finance, accounting, and mergers and acquisitions.

Kenney has been a pivotal leader in CSX's commercial operations for nearly 14 years, driving growth across various business segments. Most recently, she was responsible for Merchandise Sales and Marketing, TRANSFLO, Automotive, and Total Distribution Services, Inc. (TDSI). Prior to that, she served as Vice President of Intermodal and Automotive. Before joining CSX in 2011, Kenney held sales leadership and strategy roles at PepsiCo and served in the U.S. Army for seven years, achieving the rank of captain.

"I look forward to partnering with these dynamic leaders as we continue developing a strong pipeline of talent and making CSX the standard of operational success in the railroad industry," Angel said.

**About CSX** 

CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural and consumer products. For nearly 200 years, CSX has played a critical role in the nation's economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation's population resides. It also links more than 240 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike. More information about CSX Corporation and its subsidiaries is available at <u>www.csx.com</u>. Like us on Facebook (<u>http://facebook.com/OfficialCSX</u>) and follow us on X, formerly known as Twitter (<u>http://twitter.com/CSX</u>).

**Contact:**

Matthew Korn, CFA, Investor Relations

904-366-4515

Austin Staton, Corporate Communications

855-955-6397

###