27 material Form 8-K filings that 27 companies we cover made with the SEC in December 2023, each read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). All of them were written later, when past filings were added: a selection, not every 8-K of the month (see the note below).
OFG Bancorp entered into a new three-year employment agreement with CEO and Vice Chairperson José Rafael Fernández, effective January 1, 2024, through December 31, 2026, replacing his July 2021 agreement. The filing sets his base salary at $981,750 and grants him a special long-term incentive award tied to the December 20, 2023 closing stock price, which matters to shareholders because it defines executive pay and severance obligations.
Base salary of $981,750, with a target bonus equal to 100% of base salary
Special long-term award of 40,442.17 restricted stock units and 40,442.17 performance stock units
Severance on termination without just cause or for good reason: three times the sum of base salary and average cash bonus over the last two fiscal years, paid as a lump sum
Chemed's board appointed Michael D. Witzeman, the company's Vice President and Controller, as Chief Financial Officer effective January 1, 2024. The change follows the retirement of David P. Williams from the CFO role, and Witzeman will also continue as Controller and Vice President.
Michael D. Witzeman appointed CFO by the board on December 18, 2023, effective January 1, 2024
Replaces David P. Williams, who is retiring from the CFO role
Witzeman joined Chemed in 2005 after Deloitte & Touche LLP and is a licensed CPA
Witzeman will keep his Controller and Vice President roles
RingCentral said Tarek Robbiati will separate from the company and resign from its board, effective December 8, 2023, and that founder Vladimir Shmunis, the Executive Chairman, has been appointed to succeed him as Chief Executive Officer. The company also reiterated its fourth quarter and full year 2023 guidance, so shareholders get a leadership change without a change to the outlook.
Tarek Robbiati resigned as CEO and from the board effective December 8, 2023; the company says the resignation involved no disagreement with the company or board
Vladimir Shmunis took over as CEO effective December 8, 2023, and remains Chairman of the board
Robbiati's separation agreement provides payments totaling $9.75 million
Guidance for Q4 and full year 2023 on revenue, non-GAAP operating margin and adjusted unlevered free cash flow was reiterated, as first issued November 6, 2023
Airbnb said Ellie Mertz, its current Vice President of Finance, will become Chief Financial Officer on March 1, 2024, replacing Dave Stephenson in that role. Stephenson will serve as both CFO and Chief Business Officer from January 1, 2024 until the transition date, then continue as Chief Business Officer. The filing also says Global Head of Hosting Catherine Powell will leave the company on June 30, 2024, under a retention agreement.
Ellie Mertz becomes CFO effective March 1, 2024, with a $600,000 annual base salary and a target bonus of 75% of base salary.
Dave Stephenson is appointed Chief Business Officer effective January 1, 2024 and was granted 4,040 restricted stock units.
Catherine Powell, Global Head of Hosting, will depart on June 30, 2024 and serve in a transition role until then.
Fortinet disclosed that Chief Revenue Officer and Executive Vice President of Support Patrice Perche intends to retire in mid-2024 after about 19 years with the company. He will help transition his responsibilities until his retirement date, and the company said his decision was not the result of any disagreement.
Patrice Perche, age 61, notified Fortinet of his retirement plan on November 28, 2023
Retirement is planned for mid-2024 after approximately 19 years of service
Perche will help transition his current responsibilities through his retirement date
The filing states the decision was not the result of any disagreement with the company
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Briefs marked “Written later” were written in November 2026 for filings that were by then more than three weeks old, so months before mid-October 2026 hold a selection: every material 8-K of the past year for the 100 largest companies we cover and the last 15 important 8-Ks of every other one. Briefs the number check holds back are not shown or counted. Also: the last 45 days, briefs by company, A–Z and the live SEC filings wire.