Crane NXT, Co. (NYSE: CXT) announced on October 7, 2026, that it has appointed Dr. Jeong H. Kim to its Board of Directors. The appointment is effective October 29, 2026, and Mr. Kim will serve for a term expiring at the next Annual Meeting of Stockholders.
Dr. Kim currently serves as Executive Chairman and Co-Founder of Kiswe Mobile, Inc. He previously served as President of Bell Labs, where he was the first leader recruited from outside the organization in its more than 80-year history. The Company noted that Dr. Kim brings decades of leadership experience in advanced technologies, communications, engineering, and global business.
Dr. Kim has served on numerous corporate, university, and nonprofit boards, including the board of Samsung Electronics. He is a member of the National Academy of Engineering and a recipient of the National Medal of Technology and Innovation, France’s Legion of Honor, and the Horatio Alger Award. He holds a Ph.D. in reliability engineering from the University of Maryland, a master’s degree in technical management, and a bachelor’s degree in electrical engineering and computer science from Johns Hopkins University.
According to the filing, Mr. Kim’s compensation will be consistent with the Company’s previously disclosed director compensation program for non-employee directors, as described in the proxy statement filed with the SEC on April 7, 2026. His compensation will be prorated to reflect the commencement date of his service. The Company and Mr. Kim will also enter into an indemnification agreement substantially in the form filed as Exhibit 10(iii)(g) to the Company's Annual Report on Form 10-K for the period ended December 31, 2025.
The filing states that there were no arrangements or understandings pursuant to which Mr. Kim was elected as director, and there are no related party transactions between the Company and Mr. Kim that would be reportable under Item 404(a) of Regulation S-K.
