Spin-off - Crane Co
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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