352 material Form 8-K filings that 310 companies we cover made with the SEC in August 2024, 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).
Banc of California said Executive Vice President and Chief Accounting Officer Monica Sparks will resign, with her last day expected to be September 19, 2024. The company appointed Jeffrey Krumpoch, its former Senior Vice President and Corporate Controller, as Interim Chief Accounting Officer, effective when Ms. Sparks departs. The change affects the executive responsible for accounting oversight, but the filing describes it as a planned transition.
Monica Sparks notified the company of her resignation on August 23, 2024 and will serve through September 19, 2024.
Jeffrey Krumpoch, age 68, was appointed Interim Chief Accounting Officer on August 27, 2024.
Mr. Krumpoch will receive a one-time cash bonus of $35,000 for the interim role.
He has worked at the company or its predecessor PacWest Bancorp since 2002.
Mosaic's Board approved the transition of Corrine D. Ricard from Senior Vice President - Digital Strategy to Senior Advisor, effective October 1, 2024, as she intends to retire. She will serve in the advisory role until her planned retirement at the end of 2024. The change is an orderly executive transition with no financial terms disclosed in the filing.
Board approved the change on August 22, 2024
Corrine D. Ricard moves from Senior Vice President - Digital Strategy to Senior Advisor effective October 1, 2024
Jared Demark, chief executive of CoinShares Co., the sponsor of the CoinShares Valkyrie Bitcoin Fund (BRRR), has resigned, and his departure date has been moved up from September 30, 2024 to August 30, 2024. Jean-Marie Mognetti, CEO and co-founder of CoinShares International Limited, the sponsor's parent company, will become principal executive officer of the sponsor on that date. The filing does not state any change to the fund's investment strategy or fees.
Jared Demark's resignation as principal executive officer of the Sponsor takes effect August 30, 2024, earlier than the previously reported September 30, 2024.
Jean-Marie Mognetti will serve as principal executive officer of CoinShares Co., the Sponsor, on the Effective Date.
Mognetti co-founded CoinShares International Limited in 2014 and previously was a quantitative trader at Hermes Commodities Fund Managers.
Ally Financial Inc. disclosed that director Melissa Goldman notified the board on August 26, 2024 of her intention to resign, effective August 27, 2024. The filing says her decision was based on professional and personal priorities and was not due to any disagreement with Ally on its operations, policies, or practices.
Melissa Goldman notified the board on August 26, 2024 of her resignation as a director.
Her resignation took effect August 27, 2024.
The filing states the departure was not due to any disagreement with Ally.
RB Global appointed M. Steve Lewis, 49, as Chief Operations Officer effective September 3, 2024, after a former GXO Logistics division president role. The filing sets his pay package, including a $650,000 base salary, a target bonus equal to 100% of salary, and a 2024 long-term incentive grant with an economic value of $1,625,000.
Lewis, 49, was Division President at GXO Logistics from 2023 to 2024 and previously held roles at XPO Logistics and Penn Power Group.
Employment agreement dated July 19, 2024 sets a $650,000 base salary and an STI bonus target of 100% of base salary, capped at 200% of salary.
Sign-on grant has an economic value of $1,000,000, split between restricted stock units and performance stock units vesting in March 2027.
If terminated without cause or for good reason, Lewis is entitled to 18 months of base salary and target bonus; a change-of-control double trigger pays 1.5 times salary and bonus.
UFP Industries said its board appointed William D. Schwartz as chief executive officer effective December 29, 2024, and named current CEO Matthew J. Missad as executive chairman on the same date. The changes are a planned succession, and Missad has agreed to serve as executive chairman through 2026. The filing discloses pay changes for both men but no changes to reported financial results.
William D. Schwartz, currently president of UFP Retail, will become CEO on December 29, 2024, with base salary rising to $600,000 per year
Matthew J. Missad, CEO since July 2011, becomes executive chairman on December 29, 2024, at a base salary of $500,000 per year
Missad has agreed to remain executive chairman through 2026 and will assist with shareholder relations
CFO Michael Cole will add the title of President of Corporate Services
Insperity's longtime chief financial officer, Douglas S. Sharp, will retire on November 15, 2024, after 21 years in the role. James D. Allison, currently executive vice president of comprehensive benefit solutions and chief profitability officer, will succeed him as CFO on the same date, and Sean P. Duffy will be promoted to senior vice president of finance and accounting.
Douglas S. Sharp retires as CFO effective November 15, 2024, after serving as CFO for 21 years
James D. Allison, who joined Insperity in 1997, becomes executive vice president of finance, CFO and treasurer on November 15, 2024, with his annual salary increased to $550,000
Sean P. Duffy is promoted to senior vice president of finance and accounting, with a salary of $375,000 and a special award of 5,100 restricted stock units vesting in annual thirds
Lincoln National's Compensation Committee adopted an amended Severance Plan for Officers on August 22, 2024, adding the chief executive officer as a participant. If the CEO is involuntarily terminated other than for cause, the CEO would receive two times annual base salary plus target annual bonus, paid over 104 weeks. The filing describes this as a compensation change with no financial results or operating events reported.
Plan amended and restated effective August 22, 2024, adding the CEO as a participating officer
Severance equals two times the CEO's annual base salary plus target annual incentive bonus, paid over 104 weeks
Other plan terms, as described in the April 11, 2024 proxy statement, remain unchanged; the full plan is filed as Exhibit 10.1
LeMaitre Vascular said Chief Financial Officer Joseph P. Pellegrino Jr. will retire as an employee effective March 7, 2025, after the anticipated filing of the 2024 Form 10-K, and will remain on the Board of Directors. The company will search for a replacement CFO and expects Pellegrino to take part in the hiring process. The company also reaffirmed its August 1, 2024 financial guidance for Q3 and full-year 2024 as of August 26, 2024.
Pellegrino retires as an employee, including as CFO, effective March 7, 2025
He remains on the Board, serving out his term until June 2027 after being re-elected in June 2024
The company thanks him for 19 years of executive service and will search for a replacement CFO
Guidance from August 1, 2024 for Q3 2024 and Full-Year 2024 was reaffirmed as of August 26, 2024
Avista Corp. CEO Dennis Vermillion will step down as CEO and board member effective December 31, 2024, and retire by the end of the first quarter of 2025. The board appointed President and COO Heather Rosentrater as CEO and board member effective January 1, 2025, a planned succession the company described as long-term planning. Her compensation as CEO will be set at a later date.
Vermillion steps down as CEO and board member effective December 31, 2024; he will remain Executive Vice President and strategic advisor until retiring by the end of Q1 2025.
Heather Rosentrater, currently President and COO, becomes President and CEO and a board member effective January 1, 2025.
Rosentrater joined Avista in 1999 and became President and COO on October 1, 2023; she is the first female CEO in company history.
Compensation and employment terms for Rosentrater as CEO have not yet been determined.
United Bankshares increased its board to 15 members and appointed Dr. Sara DuMond as an independent director to fill the new seat, effective October 21, 2024. DuMond is a practicing pediatrician and founder and CEO of Pediatric Housecalls, PLLC, and the filing reports no financial results or deal terms.
Board size increased to 15 members on August 26, 2024, creating the seat DuMond fills
Appointment effective October 21, 2024; DuMond has not yet been named to any board committee
DuMond will receive compensation under the standard arrangements for non-employee directors described in the April 2, 2024 proxy statement
DuMond is founder and CEO of Pediatric Housecalls, PLLC, and a board-certified pediatrician
W.W. Grainger announced on August 26, 2024 that Matthew E. Fortin, its Senior Vice President and Chief Human Resources Officer, is no longer with the company, effective August 23, 2024. The filing does not give a reason for the departure or name a successor, and it describes no financial effect.
Matthew E. Fortin, Senior Vice President and Chief Human Resources Officer, is no longer with the company.
The departure is effective August 23, 2024; the company announced it on August 26, 2024.
The filing does not state a reason for the departure or name a replacement.
On August 20, 2024, Ingersoll Rand's Compensation Committee granted supplemental equity awards to CFO Vikram Kini and Michael Weatherred, following a mid-year review of named executive officer pay with an independent consultant. The Committee said the grants aim to keep total compensation market competitive and to align executives with long-term value creation, and it expects to factor these awards into future annual grants.
Mr. Kini received 3,591 restricted stock units and 8,694 stock options.
Mr. Weatherred received 3,867 restricted stock units and 9,363 stock options.
Awards vest in four equal annual installments beginning August 20, 2025, with options priced at $90.50, the closing stock price on August 20, 2024.
MaxLinear said on August 21, 2024 that it eliminated the position of General Counsel and Chief Compliance Officer as part of operating cost reduction activities that include global workforce reductions. The current officer will stay on for a period to help with the transition of her duties.
Position of General Counsel and Chief Compliance Officer eliminated, decision made August 21, 2024
Cuts are part of cost reduction activities first disclosed on the Q2 2024 earnings call
Departing officer will remain employed for a transition period; the filing gives no end date or severance terms
Jared Demark will stop serving as chief executive officer (principal executive officer) of CoinShares Co., the sponsor of the fund, effective September 30, 2024, after giving notice of his resignation. Jean-Marie Mognetti, CEO and co-founder of CoinShares International Limited, the sponsor's parent company, will become the sponsor's principal executive officer on that date. The filing does not state a reason for the resignation and does not describe any change to the fund itself.
Jared Demark's resignation as CEO of CoinShares Co. takes effect September 30, 2024.
Jean-Marie Mognetti will serve as principal executive officer of CoinShares Co. from September 30, 2024.
Mognetti is CEO and co-founder of CoinShares International Limited, which is the parent company of the sponsor; he co-founded it in 2014.
Before co-founding CoinShares, Mognetti was a quantitative trader at Hermes Commodities Fund Managers.
California Water Service Group said its Vice President and Chief Human Resource Officer, Ronald D. Webb, notified the company on August 22, 2024 that he will retire after 10 years of service, effective after the close of business on March 31, 2025. The company expects to name a replacement before that date, so the change is a planned executive transition with no stated effect on financial results.
Ronald D. Webb, Vice President and Chief Human Resource Officer, gave notice on August 22, 2024
Retirement effective after the close of business on March 31, 2025
Company expects to announce a replacement before the retirement date
OSI Systems' board appointed Cary Okawa, currently its Vice President and Corporate Controller, as Chief Accounting Officer and principal accounting officer, effective August 21, 2024. The filing describes a routine internal promotion of a long-serving finance executive and reports no change to compensation or financial results.
Cary Okawa, 58, appointed Chief Accounting Officer and principal accounting officer on August 21, 2024
Okawa has served as Vice President and Corporate Controller since August 2023 and previously held that role from July 2019 to April 2021
He has over 30 years of financial management and public accounting experience, including 11 years at PricewaterhouseCoopers LLP
The filing states Okawa has no related-party transactions requiring disclosure and is not related to any board member or executive officer
Northwest Natural Holding Company's board elected Mary E. Ludford as a Class III director effective August 19, 2024, and increased the board from 11 to 12 members. She was also named to the board of its subsidiary, Northwest Natural Gas Company, and appointed to the Audit and Finance Committees. The filing describes a routine board addition with no change in financial results or guidance.
Mary E. Ludford elected to the Board effective August 19, 2024, with a term expiring at the 2025 Annual Meeting of Shareholders
Board increased from 11 to 12 directors, effective August 19, 2024
Ludford appointed to the Audit Committee and Finance Committee; board determined she is independent under NYSE standards
Ludford previously served at Exelon Corporation and PECO Energy and currently sits on the board of Otter Tail Corporation
UL Solutions Inc. disclosed that Executive Vice President and Chief Legal Officer Jacqueline K. McLaughlin notified the company on August 17, 2024 that she will resign effective September 3, 2024, citing personal reasons. The filing states the decision is not due to any disagreement or dispute with the company. The filing does not name a successor.
Jacqueline K. McLaughlin, Executive Vice President and Chief Legal Officer, gave notice on August 17, 2024
Resignation effective September 3, 2024
Company states the departure is for personal reasons and not due to any disagreement or dispute
Abercrombie & Fitch increased its board from nine to 10 members and appointed Andrew Clarke, Global President of Mars Snacking, as a non-associate director effective August 21, 2024. The filing describes a director appointment rather than a change in financial results or company direction, and committee assignments have not yet been set.
Andrew Clarke, 51, is Global President of Mars Snacking, a division of Mars, Incorporated, a role he has held since 2018.
Clarke's term runs until the 2025 Annual Meeting of Stockholders; he will receive pro-rated non-associate director compensation.
Board committee assignments have not been determined; the company intends to file an amendment when available.
Principal Financial Group's board appointed Deanna Strable, its chief financial officer since 2017, as president and chief operating officer on August 20, 2024, and named Joel Pitz, senior vice president and controller, as interim chief financial officer. Daniel Houston remains chief executive officer and chairman, and the filing does not state a permanent CFO or any change to Strable's responsibilities beyond the new title.
Strable's appointment as president and COO took effect August 20, 2024, with a base salary of $850,000 and a long-term incentive target of $5,100,000 in restricted stock units
Pitz, who joined the company in 1995, will serve as interim CFO and interim principal financial and accounting officer, with a $400,000 restricted stock unit award on a three-year cliff vesting period
Houston will continue as chief executive officer and chairman of the board
Knife River's Compensation Committee adopted a Change in Control Severance Plan effective August 20, 2024, and designated five named executive officers as participants. The company also plans to switch certain equity awards from single-trigger to double-trigger vesting starting with 2025 annual awards, which means those awards would generally not vest automatically on a change in control.
Plan adopted effective August 20, 2024; participants include CEO Brian R. Gray, CFO Nathan W. Ring and COO Trevor J. Hastings
Gray has a 3x multiple under the plan; Ring, Hastings, Karl A. Liepitz and Nancy K. Christenson have a 2x multiple
Severance applies if terminated without cause or for good reason within two years after a change in control
2025 annual equity awards would vest on a qualifying termination after a change in control rather than automatically
Bio-Rad Laboratories appointed Jonathan P. DiVincenzo, formerly an executive at Labcorp, as President and Chief Operating Officer, effective September 9, 2024, replacing Andrew Last, who retires September 5, 2024. CEO Norman Schwartz keeps his role as Chief Executive Officer and Chairman and gives up the title of President.
DiVincenzo's offer letter provides a $665,000 annual base salary and a 2024 target cash bonus of 100% of eligible earnings.
Equity and sign-on terms include restricted stock units valued at $2,500,000 within sixty days of hire and a $1.3 million sign-on bonus payable by February 15, 2025.
DiVincenzo was most recently Executive Vice President and President, Central Laboratories & International at Labcorp from May 2023 to August 2024.
The Andersons board appointed Chief Operating Officer William E. Krueger as president and chief executive officer effective October 1, 2024, succeeding Patrick E. Bowe, who has led the company since 2015. Bowe will stay on as Executive Chair of the board and Krueger will join the board, so shareholders see a planned leadership transition with continuity at the top of the board.
Krueger succeeds Bowe as CEO effective October 1, 2024; he also joins the board on that date
Bowe remains Executive Chair of the board through September 30, 2025
Krueger's compensation includes a $1,000,000 base salary and an anticipated 2025 equity grant value of $3,000,000
Bowe's letter agreement sets a $500,000 base salary
Maplebear Inc. expanded its board from eight to nine directors and appointed Mary Beth Laughton as a Class I director, effective immediately. Her term runs to the 2027 Annual Meeting of Stockholders, and she will receive standard non-employee director compensation.
Board appointment made August 16, 2024, effective immediately, with board size increased from eight to nine
Laughton was Head of Nike Global Direct to Consumer since August 2023 and previously led Athleta as CEO from October 2019 to March 2023
Her term expires at the 2027 Annual Meeting of Stockholders
Filing states no related-party transactions requiring disclosure and she will join the company's standard indemnification agreement
Gibraltar Industries, Inc. appointed Joseph A. Lovechio as Vice President and Chief Financial Officer, effective August 19, 2024. He succeeds Timothy F. Murphy, who has announced plans to retire; Murphy will stay through early 2025 to oversee the transition. Lovechio, previously CFO of Whirlpool Corporation's North America Region, will receive a $480,000 base salary and the equity and cash awards described in the filing.
Joseph A. Lovechio, 50, becomes CFO effective August 19, 2024, after 20 years at Whirlpool Corporation, where he was CFO, North America Region, since 2018.
Initial compensation includes a $480,000 base salary and a target annual bonus of 60% of base salary, prorated for 2024.
One-time awards include a $150,000 cash incentive payable in October 2024 and restricted stock units with an approximate grant date value of $250,000, vesting ratably over three years.
Timothy F. Murphy will remain with the company through early 2025 to oversee the onboarding and transition.
ResMed expanded its board of directors to 11 and appointed Christopher DelOrefice, executive vice president and chief financial officer of Becton, Dickinson and Company, as a director on August 15, 2024. He will also serve on the board's audit committee and stand for re-election at the annual meeting on November 21, 2024. The filing reports no financial results or guidance changes tied to this appointment.
Board expanded from its prior size to 11 directors; DelOrefice appointed August 15, 2024 at a regularly scheduled board meeting
DelOrefice has been CFO of Becton, Dickinson and Company since September 2021 and previously held roles at Johnson & Johnson
Appointed to the audit committee; term runs to the 2024 annual meeting on November 21, 2024
He will receive director compensation on a pro rata basis and a standard indemnification agreement with ResMed
Directors Jeffrey Margolis and Thomas Carella resigned from the board effective immediately, with the company saying the resignations were not due to any disagreement. Mr. Margolis also entered a consulting agreement with the company's primary operating subsidiary, and the board cut its authorized size and reshuffled committee leadership to keep Nasdaq listing compliance.
Jeffrey Margolis and Thomas Carella resigned from the board, notified August 13, 2024 and August 14, 2024, respectively
Board authorized size reduced from eleven to nine directors; Margaret McCarthy reclassified from Class I to Class III
Margolis consulting agreement effective August 13, 2024, with a one-time payment of $18,333 and monthly retainers ranging from $9,167 to $21,667 through June 2026
Fresh Del Monte Produce Inc. disclosed that Jesus Rodriguez Calvo, its Senior Vice President of North American Sales, will retire from the company effective August 16, 2024. The company and its Board thanked him for his service. The filing does not name a successor or give further details about the departure.
Jesus Rodriguez Calvo, Senior Vice President, North American Sales, retires effective August 16, 2024.
The company and Board of Directors thanked Mr. Calvo for his service.
The filing does not name a successor or describe any compensation arrangements.
The report was signed by Chief Financial Officer Monica Vicente on August 16, 2024.
Cytokinetics hired Brett Pletcher as Executive Vice President, Chief Legal Officer, effective August 19, 2024, under an offer letter dated August 13, 2024. The filing sets his $560,000 base salary and a 45% target bonus, along with sign-on and initial equity awards, which are routine terms for a senior executive hire.
Start date is August 19, 2024; base salary is $560,000
Target bonus is 45% of base salary; signing bonus is $100,000
Initial equity awards include RSUs and options each valued at $1,891,620, and PSUs valued at $833,520 at target
Waters Corporation increased its board from 9 to 10 members and appointed Heather Knight, Executive Vice President and Group President of Medical Products and Therapies at Baxter International, effective August 14, 2024. Her compensation includes an initial equity grant valued at $91,666 and a prorated cash retainer of $54,130 through the 2025 annual meeting, which shareholders will see in the company's disclosures.
Board expanded from 9 to 10 members on August 13, 2024; Knight's appointment is effective August 14, 2024.
Knight currently serves as Executive Vice President and Group President, Medical Products and Therapies at Baxter International.
Initial equity grant valued at $91,666, split 50% restricted stock and 50% non-qualified stock options, vesting on the first anniversary of grant.
Prorated cash retainer of $54,130 for service until the 2025 annual meeting; the Board determined she is independent under NYSE standards.
LegalZoom appointed Chief Financial Officer Noel Watson as Chief Operating Officer effective August 13, 2024, while he keeps his CFO role. The company also named Aaron Stibel as Chief Revenue Officer, reporting to Watson, and disclosed a $1.0 million expected equity award for Watson tied to service and Adjusted EBITDA targets.
Noel Watson, current CFO, appointed Chief Operating Officer effective August 13, 2024; he remains CFO and principal financial and accounting officer
Expected equity awards for Watson valued at $1.0 million, split roughly evenly between RSUs and PSUs
PSUs tied to 2024 Adjusted EBITDA targets and a total stockholder return modifier; first RSU vesting date November 15, 2024
Aaron Stibel appointed Chief Revenue Officer effective August 13, 2024, reporting to Noel Watson
Regions Financial Corp. said Senior Executive Vice President Ronald G. Smith, head of its Corporate Banking Group, intends to retire on or around December 31, 2024. Brian R. Willman, currently head of Commercial Banking, will succeed him effective upon the retirement. The change affects a senior leadership role, but the filing discloses no financial results or effect on company performance.
Ronald G. Smith, Senior Executive Vice President, notified the company on August 12, 2024 of his intent to retire on or around December 31, 2024.
Brian R. Willman will become Senior Executive Vice President, Head of Corporate Banking Group, effective upon Smith's retirement.
Nikki Stephenson, head of Credit Products, will be elevated to head of Commercial Banking, reporting to Willman.
The announcement was made in a press release dated August 13, 2024 (Exhibit 99.1).
Quanex Building Products appointed two new independent directors, Manish H. Shah and Amit Singhi, effective August 12, 2024, with both joining the Audit Committee. The filing contains no financial results or guidance, so the change is governance-related rather than a direct measure of company performance.
Manish H. Shah, 60, and Amit Singhi, 59, were appointed to the Board on August 12, 2024, each for a term ending at the next annual shareholder meeting in 2024.
Both directors were added to the Audit Committee; they are expected to join the Nominating & Corporate Governance Committee at the next regular Board meeting.
Each director receives an annual Restricted Stock Unit grant on August 12, 2024, pro-rated for length of service, under the company's standard director compensation practices.
C.H. Robinson Worldwide disclosed that the board appointed directors Michael H. McGarry and Paige K. Robbins to committee seats on August 8, 2024. Both were elected to the board at the May 9, 2024 annual meeting, and the filing says the board had not yet assigned committees at that time.
Michael H. McGarry appointed to the Talent & Compensation Committee and the Governance Committee on August 8, 2024
Paige K. Robbins appointed to the Audit Committee on August 8, 2024
Both directors were elected at the May 9, 2024 annual meeting; committee assignments took effect immediately
Black Hills announced that Senior Vice President, General Counsel and Chief Compliance Officer Brian Iverson will depart on September 6, 2024, to accept a role outside the company. The company's search for a successor is ongoing, and the filing does not name a replacement.
Brian Iverson, SVP, General Counsel and Chief Compliance Officer, informed the company on August 9, 2024 of his intent to depart September 6, 2024
Iverson first disclosed his planned retirement on April 24, 2024, with departure no later than October 1, 2024 after a successor was appointed
The company's search for a successor is ongoing; no replacement is named in the filing
Calix, Inc. increased its board from eight to nine directors and appointed Wade Oosterman as a Class II director, effective August 8, 2024, to fill the new seat. The filing describes his prior roles at Bell Canada and other telecom companies, but it reports no financial results, guidance, or change in executive leadership.
Board approved on August 8, 2024, expanding the board from eight to nine authorized directors
Oosterman's term as a Class II director expires at the 2027 annual meeting of stockholders
As a non-employee director, he receives a $50,000 annual retainer and an initial grant of 7,317 stock options
The company announced the appointment in a press release dated August 12, 2024
Lear Corporation elected Rod Lache, a former Wolfe Research and Deutsche Bank automotive analyst, to its Board of Directors effective August 12, 2024, for a term ending at the 2025 annual meeting. The filing reports no arrangements with other persons tied to his election and no related transactions requiring disclosure, and it increases the Board to 11 directors. Board additions are routine governance changes, though the filing does not describe Lache's compensation beyond the company's standard non-employee director plan.
Rod Lache elected to the Board effective August 12, 2024; term ends at the 2025 annual meeting
Lache retired from Wolfe Research in July 2024 after serving as a Managing Director and Senior Analyst covering automotive
Lache will receive the standard non-employee director compensation under the Outside Directors Compensation Plan
Northwest Natural Holding Company said Raymond Kaszuba III will become senior vice president and chief financial officer of NW Holdings and NW Natural on August 31, 2024. He succeeds Brody J. Wilson, whose interim CFO role ends with the appointment; Wilson will return to the role of Vice President, Treasurer, Controller and Chief Accounting Officer.
Kaszuba's annual salary is $525,000, with a $200,000 hiring bonus and a $100,000 relocation payment.
His long-term incentive opportunity is targeted at $550,000, to be delivered at the February 2025 Board meeting.
His change in control severance agreement provides a cash payment of two times base salary and target annual bonus.
Wilson's annual salary is adjusted to $332,000, with his EAIP target raised to 35% of base salary.
Genpact's board named Nicholas Gangestad, chief financial officer at Rockwell Automation and former CFO of 3M, as a director effective August 12, 2024, and added him to the audit committee. The filing describes his compensation as a non-employee director, which includes cash retainers and restricted share units, so the change adds an experienced finance executive to the oversight of the company's financial reporting.
Board appointment effective August 12, 2024; also named to the audit committee.
Gangestad is currently CFO at Rockwell Automation and previously served as CFO at 3M.
Annual base cash retainer of $70,000, plus $22,500 for audit committee service.
Annual restricted share unit grant valued at $210,000, plus a standard director indemnification agreement.
Diebold Nixdorf expanded its board from eight to ten members in two steps, on August 2 and August 6, 2024, and appointed Dr. Colin J. Parris and Maura A. Markus to fill the new seats. The board determined both directors are independent under NYSE listing standards, and each new director's term runs to the 2025 Annual Meeting of Shareholders.
Board size increased from eight to nine on August 2, 2024 (Dr. Colin J. Parris appointed), then from nine to ten on August 6, 2024 (Maura A. Markus appointed).
Markus is assigned to the Audit Committee and People and Compensation Committee; Parris to the Audit Committee and Nomination and Governance Committee.
Each new director receives a $100,000 annual cash retainer and a restricted stock unit grant valued at $200,000, under the non-employee director program.
Vita Coco said its Chief Accounting Officer and principal accounting officer, Rowena Ricalde, resigned to pursue another opportunity, effective August 16, 2024, and that the departure is not due to any disagreement on financial statements, internal controls, operations, policies or practices. CFO Corey Baker is expected to serve as interim principal accounting officer from that date until a replacement is named, with no additional compensation.
Rowena Ricalde notified the company of her resignation on July 30, 2024; it takes effect August 16, 2024, and she serves until then.
Corey Baker, CFO since March 2023, is expected to act as interim principal accounting officer effective August 16, 2024.
The filing states no disagreement with the company on financial statements, internal control, operations, policies or practices.
Mr. Baker receives no additional compensation for the interim role.
Mid-America Apartment Communities appointed David Herring, its Senior Vice President and Chief Accounting Officer, as principal accounting officer on August 5, 2024. A. Clay Holder, who remains Executive Vice President and Chief Financial Officer, previously held the accounting officer role and continues as principal financial officer. The filing describes a change in accounting leadership with no compensation arrangement or financial figures disclosed.
David Herring, age 51, was hired in June 2024 and previously served as VP, Accounting and Payroll at FedEx from June 2019
A. Clay Holder served as principal accounting officer before the appointment and remains Executive Vice President and Chief Financial Officer
The filing states no material compensation plan, contract or arrangement tied to the appointment
Tetra Tech appointed John M. Douglas, a former CEO of RPS Group and Coffey International, to its Board of Directors effective September 30, 2024. Joanne M. Maguire will retire from the Board on the same date, keeping the Board at seven members. The filing describes a board change and director pay terms, with no financial results or guidance included.
John M. Douglas joins the Board effective September 30, 2024 and will serve on the Compensation and Nominating and Corporate Governance Committees.
Joanne M. Maguire retires from the Board effective September 30, 2024, and reported no disagreement with the Company.
Douglas receives a $110,000 annual retainer and a $175,000 grant-date fair value annual equity award under the non-employee director program.
First Commonwealth Financial said Executive Vice President and Chief Credit Officer Brian Karrip will retire August 15, 2024, under a separation agreement. Deputy Chief Credit Officer Brian Sohocki becomes Chief Credit Officer on August 16 and will be an executive officer, following the company's succession plan.
Brian Karrip notified the company on July 29, 2024 of his intent to retire as of August 15, 2024.
Company will pay Karrip base salary of $424,000 for 12 months and cover COBRA healthcare through June 30, 2025.
Karrip's 2024 Annual Incentive Plan award at target of $169,600 is payable January 15, 2025; equity awards settle in cash for 19,633 shares' value.
Brian Sohocki, who joined the company in 2010, takes over as Chief Credit Officer on August 16, 2024.
Clear Secure's board appointed Peter Scher as a director effective August 1, 2024, and increased the board to nine members. Scher is Vice Chairman of JPMorganChase and will serve until the 2025 annual meeting; the filing reports no financial results or guidance.
Peter Scher appointed director and Nominating Committee member, effective August 1, 2024
Board size increased to nine directors
Scher serves until the 2025 annual meeting of stockholders, or earlier departure
Compensation follows director arrangements disclosed in the April 22, 2024 proxy statement
Williams-Sonoma appointed Arianna Huffington, founder and CEO of Thrive Global, as a director effective August 1, 2024. The filing describes a routine board addition with standard director compensation, pro-rated for the first year, and a standard indemnification agreement.
Arianna Huffington appointed to the Board of Directors effective August 1, 2024
She will receive standard non-employee director compensation, pro-rated for the initial year
Company will enter its standard form of indemnification agreement with her
Press release quotes CEO Laura Alber and Board Chair Scott Dahnke welcoming the appointment
On August 1, 2024, Warby Parker expanded its board from nine to ten directors and appointed Bradley Singer to fill the new seat, effective immediately. The board determined he is independent under NYSE and SEC rules and expects him to join the Audit and Compensation Committees.
Bradley Singer appointed Class I director effective August 1, 2024, serving until the 2025 annual meeting
Board increased in size from nine to ten directors to create the vacancy
Singer to join Audit and Compensation Committees and receive non-employee director compensation
Board determined Singer is independent under NYSE and SEC standards
John Bean Technologies named Augusto Rizzolo Executive Vice President, Integration, to lead integration planning for its pending combination with Marel hf. The compensation package includes a $75,000 cash assignment bonus and a $250,000 success bonus tied to integration targets, and the Company expects the combination to close by the end of 2024, subject to shareholder and regulatory approvals.
Augusto Rizzolo's role expanded to Executive Vice President, Integration, approved by the Compensation Committee on July 29, 2024
Cash assignment bonus of $75,000, payable in August 2024
Success bonus of $250,000, payable in cash and restricted stock with a two-year vest, upon achieving integration targets
Combination with Marel expected to close by the end of 2024, pending shareholder and regulatory approvals
Regency Centers' board increased its size from eleven to twelve directors and elected Gary E. Anderson, a former Chief Operating Officer of Prologis, effective August 1, 2024. The filing describes a standard non-employee director pay package and states Anderson is independent under Nasdaq listing standards, so this is a governance change rather than a change in financial results.
Board expanded from 11 to 12 directors; Anderson's term runs to the 2025 annual meeting
Anderson will initially serve on the Compensation and Investment committees
Annual cash retainer of $75,000 plus an annual stock rights grant valued at $125,000, prorated for 2024
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