Form 8-K · Current report
CSX Corporation 8-K, filed Oct 13, 2026
- Filed
- CIK
- 0000277948
- Accession no.
- 0000277948-26-000034
Summary
CSX Corporation announced that executive vice president and chief operating officer Mike Cory is retiring, ceasing to serve as COO on October 12, 2026, and providing transition services through May 8, 2027 under a transition agreement that continues his $780,000 base salary and 2026 bonus eligibility. CEO Steve Angel said senior vice presidents Doug Ryhorchuk and Casey Albright will now report directly to him.
Key points
- Cory steps down as CSX's executive vice president and chief operating officer effective October 12, 2026, and his employment terminates May 8, 2027.
- Under the transition agreement, Cory keeps his $780,000 annual base salary, 2026 and pro-rated 2027 bonus eligibility, and health and welfare benefits, subject to a release of claims.
- A non-compete agreement imposes non-competition and non-solicitation restrictions for 24 months after his employment ends, plus ongoing confidentiality obligations.
- Doug Ryhorchuk, senior vice president of Operations, and Casey Albright, senior vice president of Network Operations and Service Design, will report directly to Angel.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
- 7.01Regulation FD Disclosure
- 9.01Financial Statements and Exhibits
From the filing
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On October 12, 2026, CSX Corporation (the "Company" or "CSX") announced that Michael A. Cory is retiring from the Company. In connection with his retirement and in order to facilitate a smooth transition of his responsibilities, Mr. Cory will cease serving in his position as Executive Vice President and Chief Operating Officer of the Company, effective October 12, 2026 (the "Transition Date"), and will provide transition services from the Transition Date through May 8, 2027 (the "Transition Period"), at which time his employment with…
An excerpt of the text as filed with the SEC, cut for length.
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