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    Nicholas J. Randall (Executive Team as of April 2025; Board Member as of March 2025)

    President and Chief Executive Officer (CEO) at FreightCar America Inc
    Board
    Since May 1, 2024
    Age
    51 years
    Education
    Holds a Bachelor of Engineering in Manufacturing Systems Engineering from Liverpool John Moores University, U.K..
    Tenure
    Joined FreightCar America as COO on June 26, 2023; promoted to President and CEO on May 1, 2024, and became a Board Member in March 2025.

    Also at FreightCar America Inc

    JRM(MaoM2
    James R. Meyer (Board Member as of March 2025)
    Executive Chairman of the Board
    CRP(TaoA2
    Celia R. Perez (Executive Team as of April 2025)
    Vice President, General Counsel, and Corporate Secretary
    JCFS(TaoA2
    Juan Carlos Fuentes Sierra (Executive Team as of April 2025)
    Corporate Controller and Chief Accounting Officer

    About

    Nicholas J. Randall has more than 20 years of global experience in engineering and manufacturing operations, having built his career at renowned companies in the automotive, aerospace, and industrial sectors.

    He began his professional journey in various engineering roles and later advanced through leadership positions at companies such as Jaguar Land Rover Automotive, Alcoa Corporation, Arconic Corporation, and Precision Castparts Corporation.

    Joining FreightCar America on 06-26-2023 as COO, he played a key role in managing operations and overseeing the development of critical manufacturing facilities. Later, he transitioned to the role of President and CEO on 05-01-2024, further demonstrating his leadership capabilities, and he has been serving on the Board since March 2025.

    This objective background, combined with his technical expertise and proven operational excellence, underpins his contributions to the strategic direction and ongoing growth of the company.

    $RAIL Performance Under Nicholas J. Randall (Executive Team as of April 2025; Board Member as of March 2025)

    Past Roles

    OrganizationRoleDate RangeDetails
    FreightCar America, Inc. (RAIL) Chief Operating Officer (COO) June 2023 - May 1, 2024 Ended with promotion to President and CEO
    Precision Castparts Corporation Division Leader 2017 - 2023 Led a division
    Alcoa Corporation / Arconic Corporation Various Capacities 2007 - 2017 Served in multiple roles; note Arconic was formed from the split of Alcoa in 2016
    Jaguar Land Rover Automotive Engineering Roles Before 2007 Held various engineering positions

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$550,000 Annual, effective May 1, 2024Increased by 22% from $450,000 upon promotion to CEO
    Board CompensationNot provided N/ASpecific board compensation details for 2024 are not provided
    Executive Severance PlanN/A N/AParticipation since June 2023; benefits trigger on change in control or qualifying retirement with continued vesting of equity awards
    Annual Equity Awards (Equity Awards under 2022 LTIP)Stock Options: 144,900; Restricted Shares: 103,022 Granted in January 2024; Vesting – Options: three equal annual installments beginning January 4, 2025; Restricted Shares: vest on January 4, 2027 Time-based awards under the 2022 LTIP with no performance conditions
    Promotional Equity AwardsStock Options: 67,619; Restricted Shares: 48,077 Granted on May 1, 2024; Vesting – Options: three equal annual installments beginning May 1, 2025; Restricted Shares: vest on May 1, 2027 Granted in recognition of promotion to CEO; subject to the same time-based vesting conditions as annual awards
    Relocation ExpensesN/A Reimbursed as incurredReimbursement available for qualifying moving and relocation expenses

    Performance Compensation

    Data from  FY 2024

    Annual Cash Incentive Program for 2024

    MetricWeight (%)Target AchievementAdditional Comments
    Adjusted EBITDA31.7% 190% of target Reflects robust performance relative to target
    Sales Goals31.7% 20% of target Achievement significantly below target
    Operating Cash Flow31.7% 200% of target Exceeded performance expectations
    Safety Goals5% 200% of target Surpassed the required safety standards
    • Overall Payout: The program resulted in a payout of 139.7% of the target.
    • Evaluation Period: Based on the fiscal year 2024 performance compared against the company’s business plan as established by the Compensation Committee.
    • Vesting & Payment: As a cash incentive program, payouts are determined at the end of the evaluation period without a vesting schedule.
    • Additional Details: There is no specified grant date fair value or stock price for this cash program as it is not equity-based; the performance metrics and weights are recalibrated annually to align with business plan targets.