172 material Form 8-K filings that 152 companies we cover made with the SEC in September 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).
Gaming and Leisure Properties named Chief Operating Officer Brandon Moore to the additional role of President effective immediately, with his base salary raised to $650,000. Moore will continue to report to Chairman and CEO Peter Carlino, so the change adds a title rather than a new reporting line.
Board promoted Brandon Moore, COO, Chief Legal Counsel and Secretary, to also serve as President on September 27, 2024
Annual base salary increased to $650,000; target and maximum annual cash bonus opportunities set at 100% and 200% of base salary
Moore joined the company in January 2014 as Senior Vice President and General Counsel and became COO in October 2022
Press release dated September 30, 2024 announced the appointment (Exhibit 99.1)
Central Garden & Pet said Nicholas Lahanas, its chief financial officer since May 2017, will become chief executive and a board member effective September 29, 2024, replacing interim CEO Mary Beth Springer, who resigned effective September 28 and remains on the board. Bradley G. Smith, previously chief financial officer of the Pet Segment, will become chief financial officer on the same date. The filing discloses pay terms for both executives but no financial results.
Nicholas Lahanas becomes CEO effective September 29, 2024, with an annual base salary of $900,000, a 100% target bonus from fiscal 2025, and a target annual equity grant of $1,000,000.
Lahanas resigns as CFO effective September 28, 2024; Bradley G. Smith, age 58, becomes CFO effective September 29, 2024, with a $450,000 base salary, a 50% target bonus and a $250,000 target equity grant.
Interim CEO Mary Beth Springer resigned effective September 28, 2024, and will remain on the Board of Directors.
Both executives have at-will employment and 24-month post-employment consulting agreements, with Lahanas paid $3,432 monthly and Smith $2,500 monthly.
Amentum Holdings named Stephen A. Arnette as Chief Operating Officer, effective September 27, 2024. The company also amended its certificate of incorporation ahead of the planned spin-off from Jacobs Solutions, raising authorized shares of its common stock to 1,000,000,000 and effecting a stock split that leaves 153,280,369 shares outstanding.
Stephen A. Arnette appointed Chief Operating Officer by the Board on September 26, 2024, effective September 27, 2024
Certificate of amendment filed in Delaware on September 26, 2024 increased authorized SpinCo common stock to 1,000,000,000 shares
Stock split resulted in 153,280,369 issued and outstanding shares of SpinCo common stock
Shares are to be distributed pro rata by Jacobs Solutions Inc. to its stockholders
Roku's Compensation Committee approved changes on September 23, 2024 to an executive program that lets Senior Vice Presidents and above, other than the CEO, trade base salary for monthly fully vested stock option grants. The amended program takes effect January 1, 2025, and the filing does not give dollar totals or share counts, so the financial effect on shareholders cannot be measured from this document.
Compensation Committee approved changes to the Executive Supplemental Stock Option Program on September 23, 2024.
Eligible executives may reduce annual base salary in exchange for monthly option grants; enrollment is due during the last open trading window of the prior calendar year.
The amended program is effective January 1, 2025, and grants are fully vested with exercise periods of up to ten years.
Filing is signed by CFO Dan Jedda and dated September 26, 2024.
IES Holdings elected John Louis Fouts as a director effective September 23, 2024, and appointed him to the Audit Committee. The appointment came after Nasdaq notified the company that the Audit Committee had fallen below the three-member minimum following a director's resignation on September 4, 2024, and the company says the committee is again compliant.
Fouts was elected a director on September 23, 2024, and will serve until the next annual meeting or until his successor is elected.
Fouts was appointed to the Audit Committee on September 23, 2024, after Nasdaq said the committee had fewer than three members.
Fouts has been managing member of Fouts Family Investments since 2021 and was a partner at Water Street Capital from 2002 to 2021.
The company announced the appointment in a press release dated September 26, 2024, filed as Exhibit 99.1.
Bath & Body Works said Julie Rosen stepped down as President, Retail, effective immediately on September 25, 2024, and that the role has been eliminated, with her functions reporting to CEO Gina Boswell. The company also reaffirmed its third quarter and full year fiscal 2024 guidance, first given on August 28, 2024. Ms. Rosen's employment is expected to end on or about October 22, 2024, with severance payable under her existing agreement if she remains in good standing and signs a release.
Julie Rosen ceased to serve as President, Retail on September 25, 2024; she will act in an advisory or transition role until her expected separation date of about October 22, 2024
The President, Retail role has been eliminated, and its functions now report to CEO Gina Boswell
Third quarter and full year fiscal 2024 guidance reaffirmed, as previously provided on August 28, 2024
Guidewire Software appointed Mark V. Anquillare as a director effective September 23, 2024, and announced the appointment in a press release on September 25, 2024. Anquillare previously served as president and chief operating officer of Verisk Analytics through January 2023 and as Verisk's chief financial officer from 2007 to 2016, and the filing says he will receive the company's standard non-employee director compensation.
Appointed to the board effective September 23, 2024; initial term runs through the 2024 annual meeting of stockholders, subject to re-election
Former president and chief operating officer of Verisk Analytics through January 2023; Verisk's chief financial officer from 2007 to 2016
Currently serves on the board of TruBridge, Inc. (NASDAQ: TBRG), a board seat held since 2023
Filing states no arrangements with other persons for the appointment and no related-party transactions requiring disclosure
Mid-America Apartment Communities appointed Sheila K. McGrath as an independent director effective September 25, 2024, with a term running to the 2025 annual meeting of shareholders. The company said the appointment is part of a succession plan to address three planned director retirements in 2025, and it will temporarily increase the board to thirteen members.
McGrath appointed effective September 25, 2024, and also joins the Compensation Committee and Real Estate Investment Committee
Board will temporarily grow to thirteen members, with size expected to shrink after three planned 2025 retirements
McGrath previously was a Senior Managing Director at Evercore ISI from 2012 until 2022 and sits on the boards of Alexandria Real Estate Equities and Granite Point Mortgage Trust
Primerica said Executive Vice President and Chief Operating Officer Gregory C. Pitts plans to retire on or about April 1, 2025, and will stop serving as principal operating officer effective October 1, 2024. The Board appointed Robert H. Peterman Jr., currently Executive Vice President and Chief Distribution Officer, to succeed him as COO effective October 1, 2024, a planned succession that keeps a long-tenured internal leader in the operating role.
Gregory C. Pitts, with the company since 1985, plans to retire on or about April 1, 2025 and remains an executive officer until December 31, 2024.
Robert H. Peterman Jr., age 59, becomes Executive Vice President and Chief Operating Officer effective October 1, 2024, reporting to CEO Glenn Williams.
Peterman joined Primerica in October 1984 and has been Executive Vice President and Chief Distribution Officer since March 2023.
As of January 1, 2025, executive officers will be the Chief Executive Officer, President and Chief Financial Officer.
Tanger Inc. increased its board from nine to 10 directors and appointed Sonia Syngal, effective September 23, 2024, to fill the new seat. The filing reports no financial results or guidance, so the change is a governance update rather than a change in company performance.
Board expanded from nine to 10 members; Syngal appointed on September 23, 2024 to fill the vacancy
Syngal served as CEO of Gap Inc. from 2020 to 2022 and previously led Old Navy
The board determined Syngal is independent; she has not yet been named to any board committee
Syngal serves until the next annual shareholder meeting or until a successor is elected
Reynolds Consumer Products elected Rolf Stangl to its board of directors and named him non-executive Chairman effective September 23, 2024, filling the seat left by Richard Noll, who resigned on September 18, 2024. Stangl is a former CEO of SIG Group AG and currently sits on the board of Pactiv Evergreen Inc., and he was designated by the controlling stockholder, Packaging Finance Limited.
Rolf Stangl elected to the board effective September 23, 2024, as a Class III director with a term expiring at the 2026 annual meeting
Stangl appointed non-executive Chairman and a member of the CNG Committee, replacing Richard Noll, who resigned effective immediately on September 18, 2024
Stangl received restricted stock units with a grant date fair value of $122,547, vesting in full on September 23, 2025
Stangl was designated by Packaging Finance Limited, the controlling stockholder, under the Stockholders Agreement dated February 4, 2020
OFG Bancorp's board elected two new directors, Lynda Grindstaff and Roberto García, effective immediately on September 20, 2024. The board said the additions bring experienced members from different backgrounds, and the filing names their committee assignments.
Lynda Grindstaff and Roberto García were elected to the board on September 20, 2024, effective immediately.
Ms. Grindstaff joined the Risk and Compliance Committee.
Mr. García joined the Audit Committee and the Corporate Governance and Nominating Committee.
Their compensation will follow the non-executive director program described in the proxy statement.
Piper Sandler Companies elected Ann C. Gallo as a director effective September 23, 2024, and increased the board from ten to eleven members. Gallo previously led the healthcare investment team at Wellington Management, and the company says the healthcare sector is a key area for its investment banking, public finance and research businesses.
Ann C. Gallo elected to the board effective September 23, 2024, with an initial term expiring at the 2025 annual meeting
Board size increased from ten to eleven directors
Gallo's director pay includes a pro-rated $100,000 annual cash retainer, a $60,000 initial equity grant and a pro-rated $100,000 annual equity grant
Committee assignments are expected to be decided in February 2025
Horace Mann Educators named Ryan Greenier, currently Deputy CFO, as Executive Vice President and Chief Financial Officer, effective October 1, 2024, succeeding Bret Conklin, who plans to retire after remaining with the company through 2025. The filing also discloses a letter agreement under which CEO Marita Zuraitis's equity awards will fully vest upon separation or retirement if she stays through December 31, 2027, and bylaw amendments that add a stockholder advance notice requirement first applicable to the 2025 annual meeting.
Ryan Greenier, 42, becomes CFO effective October 1, 2024; his annual salary is $350,000 with an AIP target of 50% of eligible earnings and an LTIP target of $275,000.
Bret Conklin will remain through 2025 and serve as Executive Vice President, Finance Transformation.
CEO Marita Zuraitis's agreement, dated September 17, 2024, provides full vesting of equity awards at separation or retirement; it adds no incremental awards.
Advance notice window for 2025 annual meeting nominations: January 22, 2025 to February 21, 2025.
Q2 Holdings said its board appointed Jonathan A. Price, currently executive vice president of strategy and emerging businesses, as chief financial officer effective on or about November 6, 2024. He succeeds David J. Mehok, who is departing the company but will remain CFO through that date to assist with an orderly transition. The filing says Mehok's departure is not due to any dispute with Q2 over its operations, policies, practices or financial performance.
Price, 41, will become CFO and principal financial and accounting officer after Q2 files its Form 10-Q for the period ended September 30, 2024
Mehok will receive an incremental transition bonus of $90,000, payable over the 18 months after his departure, subject to his service through the transition date
No changes were made to Price's compensation or his employment agreement dated February 17, 2024
Responsibility for emerging businesses operations will transfer to Kirk Coleman, Q2's President
Otis Worldwide has entered into an amended and restated employment agreement with Cristina Méndez, who was appointed Executive Vice President and Chief Financial Officer effective August 23, 2024. The filing sets out her base salary, incentive targets, a supplemental equity award and an international relocation to the company's Connecticut headquarters.
Annual base salary of $770,000 with a short-term incentive target equal to 100% of salary
Supplemental 2024 long-term incentive award with an aggregate target value of $2,390,000, granted August 23, 2024
Relocation from Switzerland to Farmington, Connecticut, with a $5,000 monthly housing allowance and a one-time relocation allowance of 12,792 CHF
Covered by the ELG Severance Plan and Change in Control Severance Plan, with a 2-year post-employment noncompetition covenant
Director Daniel N. Swisher Jr., a member of the Audit Committee, resigned from Protagonist Therapeutics' board effective September 17, 2024, and will continue as an advisor under an advisory agreement. The filing says he did not report any disagreement with the company, and the board was reduced from seven seats to six, with Sarah A. O'Dowd added to the Audit Committee effective September 19, 2024.
Daniel N. Swisher Jr. resigned from the Board effective September 17, 2024, and was an Audit Committee member
Swisher will continue to serve as an advisor under an advisory agreement
Sarah A. O'Dowd was appointed to the Audit Committee effective September 19, 2024
Citizens Financial Group named Claude E. Wade, an AIG executive vice president and Chief Digital Officer, as a director effective March 1, 2025, temporarily expanding the board to 14 members. Director Wendy Watson, who has served since 2010 and chairs the Audit Committee, will retire after her term expires at the April 2025 annual shareholder meeting because she reached the mandatory retirement age.
Claude E. Wade joins the board effective March 1, 2025 and will serve on the Risk Committee
Wade is executive vice president, Chief Digital Officer and Global Head of Business Operations and Global Head of Claims at AIG; he joined AIG in 2021 after BlackRock
Wendy Watson, a director since 2010 and Audit Committee chair, will retire after her term expires at the April 2025 annual meeting
Old Republic International Corporation adopted an unfunded, nonqualified deferred compensation plan on September 18, 2024, effective January 1, 2025, for a select group of management and highly compensated employees. The filing states the plan carries no dollar amount and that the company may credit participant accounts at its sole discretion, so the filing does not show a direct financial effect on shareholders.
Plan adopted September 18, 2024, effective January 1, 2025
Participation limited to designated management and highly compensated employees
Company may make discretionary contributions; participant obligations are unsecured general creditor claims
Four Corners Property Trust amended the transition agreement with Gerald R. Morgan, its former Chief Financial Officer, on September 17, 2024. His employment now ends September 30, 2024 instead of October 31, 2024, and his consulting role starts October 1, 2024 instead of November 1, 2024. The change is administrative in scope and the filing gives no financial figures.
Amendment dated September 17, 2024, to the Transition Agreement with former CFO Gerald R. Morgan
Morgan's employment termination moved from October 31, 2024 to September 30, 2024
Consulting start date moved from November 1, 2024 to October 1, 2024
Amendment adds a standard customer non-solicitation restriction, effective during and after his employment and consultancy
eBay's board increased its size from 10 to 11 members and appointed William D. Nash, president and CEO of CarMax, as a director effective September 18, 2024. The board also adopted amendments to the company's bylaws on September 19, 2024, tightening stockholder nomination procedures and clarifying quorum and director resignation rules.
William D. Nash appointed to board effective September 18, 2024; term runs to the 2025 annual meeting
Nash is president and CEO of CarMax and receives standard non-employee director compensation
Bylaws amended effective September 19, 2024, including limits on the number of nominees a stockholder may put forward
Board will have 11 directors, ten of whom are independent, according to the press release
UniFirst appointed Kelly Rooney, formerly Senior Vice President and Chief Human Resources Officer at Waste Management, as Chief Operating Officer effective September 30, 2024. Executive Vice President of Operations Michael Croatti agreed to step down as an Executive Officer effective November 30, 2024, and will remain employed through December 31, 2024, under a transition agreement with severance and bonus payments.
Kelly Rooney, age 50, becomes Chief Operating Officer effective September 30, 2024, with an initial annual base salary of $625,000 and an initial bonus target of 80% of eligible earned wages.
Rooney was Senior Vice President and Chief Human Resources Officer at Waste Management from August 2022 to September 2024.
Michael Croatti transitions from his Executive Officer role effective November 30, 2024, and stays employed on an at-will basis through December 31, 2024.
Subject to conditions and a release of claims, Croatti is entitled to a $617,175 lump sum severance payment and a $246,870 lump sum bonus payment, plus healthcare continuation for up to 18 months.
Five Below agreed that Chief Merchandising Officer Michael F. Romanko will retire and leave employment effective November 17, 2024, and will remain available to assist with the transition through May 17, 2025. After his exit, the merchandising organization will report to interim CEO Kenneth R. Bull, which shows the company is reassigning oversight of a senior role during its current interim leadership period.
Michael F. Romanko's employment ends effective November 17, 2024; he stays available through May 17, 2025 for transition help
Lump sum payment of $821,445.53 is tied to a general release of claims and equals 12 months of base salary plus 12 months of COBRA coverage
Andy Kunselman, SVP and General Merchandising Manager, will report directly to Kenneth R. Bull, interim President and CEO and COO
LegalZoom.com disclosed that Chief Technology Officer and Chief Product Officer Shrisha Radhakrishna resigned on September 13, 2024, to pursue other opportunities, effective November 15, 2024. The company said the resignation was not due to any disagreement on operations, policies or practices. Chief Revenue Officer Aaron Stibel will take over the product organization, and a search for a new CTO has begun.
Resignation dated September 13, 2024; effective November 15, 2024
Shrisha Radhakrishna held the CTO and Chief Product Officer roles
Aaron Stibel, Chief Revenue Officer, assumes responsibility for the product organization
Company is searching for a new CTO, who will report to the CEO
NAPCO Security Technologies reported that director Paul S. Beeber resigned from its board effective September 17, 2024. Beeber chaired the Compensation Committee and served on the Audit Committee, so the filing signals a change in the board's committee leadership, though the filing gives no reason for the departure.
Paul S. Beeber resigned as a director effective September 17, 2024
Beeber was Chair of the Compensation Committee and a member of the Audit Committee
The filing does not state a reason for the resignation or name a successor
Report dated September 18, 2024, signed by Kevin S. Buchel, President, COO and CFO
Trustee Derek Medina resigned from the Board of Trustees of Advent Convertible and Income Fund effective September 18, 2024, citing other professional commitments. The filing states the resignation was not due to any disagreement with the Fund on its operations, policies or practices, and the board reduced its size from eight to seven members.
Derek Medina resigned as Trustee effective September 18, 2024
Resignation attributed to other professional commitments, not a disagreement with the Fund
Board of Trustees reduced from eight members to seven following the resignation
United Airlines Holdings disclosed that Executive Vice President and Chief Customer Officer Linda Jojo informed the company on September 16, 2024, of her plan to retire effective January 2, 2025. The filing says she will receive retirement benefits under applicable agreements and company plans, and it gives no successor details.
Linda Jojo, EVP and Chief Customer Officer, to retire effective January 2, 2025
Notice of intent given to the company on September 16, 2024
Retirement benefits to follow applicable agreements and company plans, subject to their terms
Filing reports over a decade of service with the company; no successor named
Bright Horizons Family Solutions appointed Jennifer Schulz to its board of directors effective September 17, 2024, expanding the board from nine to ten members. Ms. Schulz is CEO of Experian North America and will not serve on any board committees at this time.
Schulz joins as a Class I director, with a term tied to the 2026 annual meeting of shareholders.
She is CEO of Experian North America, a division of Experian plc, since April 2022.
She will receive the company's non-employee director compensation, including an approximate pro-rata equity award.
The company and Schulz signed an indemnification agreement on the same terms as its other directors.
Synchrony Financial's board elected Daniel Colao, a retired financial services executive, as a director, effective October 1, 2024. He will serve on the Risk and Technology Committees and will be paid under the same program as the company's other independent non-management directors, and the board will have eleven members.
Board elected Colao on September 12, 2024, effective October 1, 2024, and he will serve on the Risk and Technology Committees
Annual director pay of $265,000: $100,000 in cash and $165,000 in restricted stock units, plus $20,000 cash for Risk Committee service and $15,000 for Technology Committee service
Colao was previously a Synchrony director from February 2014 to November 2015 and was chief financial officer and executive advisor of GE Capital from 2017 until retiring in June 2021
Public Service Enterprise Group (PSEG) appointed Grace Park as Executive Vice President and General Counsel effective September 16, 2024, as part of a planned succession process. General Counsel Tamara Linde, who notified the company on September 11, 2024, will retire effective March 14, 2025, and until then will serve as Executive Vice President and Chief Legal Officer with the same compensation and benefits.
Grace Park appointed Executive Vice President and General Counsel effective September 16, 2024
Tamara Linde moves to Executive Vice President and Chief Legal Officer from September 16, 2024 to March 14, 2025, then retires
Linde keeps the same compensation and benefits she received as General Counsel under the new agreement
Park joined PSEG in 2017 and was promoted to Vice President, Deputy General Counsel and Chief Litigation Counsel in 2020
Moelis & Company's board elected Dr. Louise Mirrer as a director effective September 17, 2024, and the board determined she is independent under NYSE and Rule 10A-3 standards. The filing describes a non-employee director pay package of $200,000 a year, split between $100,000 in cash or Class A shares and $100,000 in restricted stock units, plus an indemnification agreement.
Board elected Dr. Louise Mirrer as a director on September 13, 2024; her term begins September 17, 2024
Annual non-employee director compensation of $200,000: $100,000 in cash or Class A shares, and $100,000 in restricted stock units
Dr. Mirrer previously served as President and CEO of the New York Historical Society since 2004
Press release dated September 17, 2024 furnished as Exhibit 99.1
Citizens Financial Group appointed Christopher Schnirel as Controller and Chief Accounting Officer, effective October 21, 2024, succeeding Jack Read, who left in August. The role oversees financial reporting and controls, a core function for shareholders relying on the company's financial statements.
Christopher Schnirel, age 53, previously served as Senior Vice President and Assistant Controller at Huntington Bancshares Inc. for a 12-year period.
Effective date of appointment is October 21, 2024; the appointment was announced September 16, 2024.
Total annual compensation is $1.1 million, plus a restricted stock unit buy-out award and relocation benefits.
Jack Read left Citizens in August 2024 for a career outside the banking sector.
Easterly Government Properties said its Chief Executive Officer, Darrell W. Crate, was also appointed President effective September 13, 2024, replacing Meghan G. Baivier, who had departed the company. The filing gives no financial figures, and the change was previously disclosed in an August 21, 2024 Form 8-K.
Darrell W. Crate, CEO, appointed to also serve as President effective September 13, 2024
Replaces Meghan G. Baivier, who departed the company
Departure was previously announced in an 8-K filed August 21, 2024
No arrangements or family relationships disclosed in connection with the appointment
Church & Dwight said CEO Matthew Farrell will retire as President and Chief Executive Officer effective March 31, 2025, and will remain Chairman for a transition period. Richard Dierker, the company's Executive Vice President, Chief Financial Officer and Head of Business Operations, will succeed him as President and CEO and join the Board on that date, a change in top leadership that shareholders will watch closely.
Matthew Farrell will retire as President and CEO effective March 31, 2025, and continue as Chairman for a transition period.
Richard Dierker, 44, will become President and CEO and join the Board as a director effective March 31, 2025.
Dierker has been CFO since January 2016 and has been Executive Vice President, CFO and Head of Business Operations since April 2022.
Dierker's compensation changes for the CEO role have not been disclosed and will be disclosed once approved by the Board.
Haemonetics disclosed that Anila Lingamneni, Executive Vice President and Chief Technology Officer, will leave the company on November 1, 2024. The filing describes her as a named executive officer and gives no successor or reason for the departure.
Anila Lingamneni, Executive Vice President and Chief Technology Officer, will leave on November 1, 2024
The departure is listed under Item 5.02 for a named executive officer
The filing does not name a successor or give a reason for the departure
The 8-K was signed by CEO Christopher A. Simon on September 16, 2024
La-Z-Boy's board elected Matthew Baer, chief executive of Stitch Fix, as an independent director effective January 1, 2025, expanding the board to 11 members. The filing says he will receive non-employee director compensation and a restricted stock unit grant with a grant date value of $87,660.
Baer, age 42, has been Stitch Fix CEO since June 2023.
He previously held leadership roles at Macy's from March 2020 to June 2023 and was Vice President of Walmart eCommerce from January 2016 to March 2020.
The board approved an RSU grant with a grant date value of $87,660, effective January 2, 2025, under the 2024 Omnibus Incentive Plan.
Rocket Lab disclosed that director Michael Griffin retired and resigned from its Board of Directors and the board committees he served on, effective immediately. The filing states his departure was not the result of any dispute or disagreement with the company on its operations, policies or practices.
Michael Griffin notified the company of his retirement and resignation on September 12, 2024.
Resignation is effective immediately, from the Board and all Board committees he served on.
The company states the resignation involved no dispute or disagreement on operations, policies or practices.
Paylocity said its Chief Technology Officer, Rachit Lohani, notified the company on September 11, 2024, that he will leave. He will remain as a Senior Vice President until December 2, 2024, and the company has started searching for a successor, so shareholders will see a technology leadership change in the coming months.
Rachit Lohani, Senior Vice President and Chief Technology Officer, notified Paylocity of his decision to depart on September 11, 2024.
Lohani will remain with the company as a Senior Vice President until December 2, 2024.
Paylocity said it will immediately begin a search for a successor; no successor is named in the filing.
Lattice Semiconductor appointed Ford Tamer as President and Chief Executive Officer effective September 16, 2024, and added him to its Board of Directors. He replaces Esam Elashmawi, who had served as Interim CEO since June 2024 and will remain Chief Strategy and Marketing Officer. The company also reaffirmed the guidance it gave on July 29, 2024, and the filing details a compensation package with a $800,000 base salary and substantial equity awards.
Ford Tamer became CEO and a Board member effective September 16, 2024; he replaces Interim CEO Esam Elashmawi
Base salary of $800,000, with an annual target bonus of 125% of base salary
Equity awards include $30,000,000 in sign-on awards and $5,000,000 plus $1,700,000 in fiscal 2024 long-term incentives, with $5,000,000 in fiscal 2025 awards
Company reaffirmed the guidance it provided on July 29, 2024
JetBlue appointed Sean Menke, former executive chair of Sabre Corp., to its board of directors effective September 12, 2024, and also disclosed that director B. Ben Baldanza resigned from the board, effective the same date. The filing reports no financial results or guidance, so the changes affect board composition rather than the company's reported performance.
Sean Menke was appointed to the board on September 12, 2024, as an independent director and will serve on the Audit and Safety committees.
Menke was executive chair of Sabre Corp. from early 2022 until April 2024 and was Sabre's CEO until April 2023.
B. Ben Baldanza resigned from the board, effective September 12, 2024, for personal reasons, after serving as a director since 2018.
After the change, JetBlue's board has 13 members, 12 of whom are independent.
Veeva appointed Brian Van Wagener as Chief Financial Officer, effective September 16, 2024, replacing Tim Cabral, who resigned as Interim CFO and remains on the board. A CFO change is a significant leadership event, and the filing details his $450,000 base salary and equity grants.
Brian Van Wagener, age 42, was previously Executive Vice President, Finance at Veeva and will serve as principal financial officer.
Annual base salary is $450,000, plus standard company-sponsored benefits.
Equity grants include 2,193 and 5,848 RSUs, and stock options over 6,579 and 17,544 shares at a $185.74 strike price.
Tim Cabral resigned as Interim Chief Financial Officer effective September 16, 2024, and will remain on the Board of Directors.
Sempra said Executive Vice President and Group President Trevor I. Mihalik gave notice on September 10, 2024 that he will retire from that role effective January 1, 2025. He also steps down as non-executive Chairman and director of Southern California Gas Company, a Sempra subsidiary, on the same date. The filing does not name a successor or describe the reasons for the departure.
Trevor I. Mihalik gave notice of retirement on September 10, 2024.
Retirement is effective January 1, 2025, for his roles at Sempra.
He also leaves the non-executive Chairman and director posts at Southern California Gas Company on January 1, 2025.
DaVita appointed Senior Vice President David P. Maughan as Chief Operating Officer, DaVita Kidney Care, effective September 15, 2024, replacing Michael D. Staffieri, who moves to Chief Operating Officer Emeritus. The company also entered an employment agreement with Maughan with a $725,000 base salary and a 2024 target bonus of 100% of base salary.
David P. Maughan, 47, succeeds Michael D. Staffieri as COO, DaVita Kidney Care, effective September 15, 2024
Maughan joined DaVita in 2006 and most recently served as Senior Vice President, Kidney Care, from November 2019 to September 2024
Employment agreement sets annual base salary of $725,000 and a 2024 target incentive bonus equal to 100% of base salary
Severance includes at least one year of base salary continuation on resignation for good cause, or two years within 60 days after a good-cause event following a change in control
Edgewell Personal Care's board increased its size from 10 to 11 members and elected Stephanie Stahl as a director effective September 10, 2024, filling the new seat. Stahl will serve on the Audit Committee and the Human Capital and Compensation Committee, and her term runs to the 2025 annual meeting. The filing discloses no financial results, and the change is an administrative board addition.
Board expanded from 10 to 11 members, effective September 10, 2024
Stephanie Stahl joins the Audit Committee and Human Capital and Compensation Committee
Stahl's term expires at the 2025 Annual Meeting of Shareholders
Stahl is a Senior Advisor to Boston Consulting Group and serves on the boards of Carter's, Dollar Tree and Newell Brands
RadNet appointed Cornelis "Kees" Wesdorp, former Hellman & Friedman managing director and ex-Philips executive, as President and Chief Executive Officer of its Digital Health segment, effective October 1, 2024. The filing sets his pay package, including a signing bonus of $750,000 in stock and restricted stock units for 50,000 shares, which signals the company's investment in its eRad and artificial intelligence businesses.
Wesdorp's annual base salary is €636,000, with bonuses equal to his annual compensation in 2026 and 2027.
Signing bonus of $750,000, payable in RadNet common stock valued at the start of employment.
Restricted stock units for 50,000 shares vest in 10,000-share increments over five anniversaries of his start date.
PTC's board appointed Chief Executive Officer Neil Barua to also serve as President, effective October 1, 2024. The change follows the end of Michael DiTullio's tenure as President and Chief Operating Officer on September 30, 2024. Barua's compensation arrangements remain unchanged, according to the filing.
Neil Barua, existing CEO, appointed President and CEO effective October 1, 2024
Michael DiTullio's tenure as President and Chief Operating Officer ends September 30, 2024
Barua's compensatory arrangements remain unchanged from those described in the July 26, 2023 8-K
Essential Utilities said Executive Vice President, Strategy and Corporate Development Matthew R. Rhodes resigned from all roles at the company and its subsidiaries to become chief financial officer of Pattern Energy Group L.P. The company said it plans to execute a succession plan to continue its strategy and corporate development program.
Matthew R. Rhodes notified the Chairman and CEO of his resignation on September 6, 2024
Rhodes served as Executive Vice President, Strategy and Corporate Development, including roles at subsidiaries
He is accepting the chief financial officer position at Pattern Energy Group L.P.
The filing does not name a successor; the company says it plans to execute its succession plan
First Advantage Corporation promoted Joelle Smith, its President, Data, Technology, and Experience, to President of the company effective September 16, 2024. She will also take on responsibility for the go-to-market teams, including sales, customer success, and marketing, alongside the product, data, and technology organizations.
Joelle Smith, 48, promoted to President effective September 16, 2024
Base salary raised to $600,000.00, with discretionary annual cash bonus of up to $450,000.00
Equity grant with fair value of $2,500,000, split 50% stock options and 50% restricted stock units, vesting annually over four installments
Filing and press release dated September 11, 2024; CEO Scott Staples cited AI and digital products as priorities
Merchants Bancorp appointed Sean Sievers as Chief Financial Officer effective September 9, 2024, and he will also serve as principal accounting officer. He succeeds John F. Macke, who is retiring on September 27, 2024, and the two will share duties until then.
Sean Sievers was appointed CFO effective September 9, 2024; he previously was CFO at Rate (formerly Guaranteed Rate) since 2022
Sievers' compensation includes an annual base salary of $600,000, a target cash incentive of 50% of base salary, and a target equity incentive of 50% of base salary
He receives a one-time cash award of $250,000 and a one-time equity award of common stock equal to $250,000
Expedia Group said its Board and Vice Chairman Peter Kern agreed that his service as Vice Chairman ended effective September 10, 2024, and he resigned from the Board that day. The Board eliminated his seat, reducing its size from thirteen directors to twelve. The filing cites the speed and success of the company's recent management transition as the reason.
Peter Kern's service as Vice Chairman ended effective September 10, 2024
Kern resigned as a Board member effective September 10, 2024
Board size reduced from thirteen directors to twelve
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