Spin-off - Crane Co

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Form Type: 11-K

Filing Date: 2025-06-12

Corporate Action: Spin-off

Type: New

Accession Number: 000162828025031070

Filing Summary: The document reports on the Crane Savings and Investment Plan for the fiscal year ending December 31, 2024. It details the financial condition of the plan, including assets available for benefits, contributions, and investment performance. A significant interim reorganization and spin-off occurred on May 16, 2022, where Crane Co. became a wholly-owned subsidiary of Crane Holdings, Co., and subsequently transferred sponsorship of the Plan back to Crane Company effective January 1, 2023. A total of $299,516,580 in assets was spun off to the newly established Crane NXT Plan, which covers employees of Crane NXT, Co. The financial statements have been audited and present a fair view of the plan's status as of the reporting dates.

Additional details:

Plan Name: Crane Savings and Investment Plan


Total Assets Available For Benefits: 1,179,386,523


Participant Contributions: 32,465,077


Company Contributions: 20,560,064


Rollover Contributions: 6,152,053


Investment Income: 151,466,357


Benefits Paid To Participants: 118,902,779


Administrative Expenses: 938,073


Transfers In Due To Plan Mergers: 14,709,250


Transfers Out Due To Spin Off: 299,516,580


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