442 material Form 8-K filings that 386 companies we cover made with the SEC in March 2025, 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).
Universal Technical Institute named Todd Hitchcock chief operating officer effective immediately, and he will also serve as principal operating officer. The company also appointed Adrienne DeTray as chief information officer and said its executive leadership team is now complete. The release states that first-quarter fiscal 2025 revenue, Adjusted EBITDA and new student starts improved year over year and that the company raised its fiscal-year guidance ranges.
Todd Hitchcock, previously EVP and Chief Strategy and Transformation Officer, became COO effective March 31, 2025, and will oversee the UTI and Concorde divisions
Hitchcock's base salary increased to $500,000 for fiscal 2025, and his fiscal 2025 long-term incentive awards were increased to $800,000
Adrienne DeTray was appointed Chief Information Officer effective immediately; she previously served as CIO at Adtalem Global Education
The company says the second phase of its North Star strategy is expected to deliver approximately 10% revenue CAGR and Adjusted EBITDA margin of nearly 20 percent through fiscal 2029
Encore Capital Group appointed Tomas Hernanz, currently CFO of its European unit Cabot Credit Management, as Executive Vice President, Chief Financial Officer and Treasurer, effective April 1, 2025, as part of a previously announced transition. Jonathan Clark, the former CFO, will serve as a senior advisor under a consulting agreement, and his outstanding equity awards will continue to vest.
Tomas Hernanz, 46, succeeds Jonathan Clark as CFO and Treasurer effective April 1, 2025; he will be principal financial and accounting officer
Hernanz's base salary is $500,000 with a target annual bonus of 85% of salary
2025 long-term incentive awards have a target grant date value of approximately $950,000, split equally between restricted stock units and performance stock units
Clark's consulting agreement, signed March 28, 2025, covers up to 30 hours per month for 24 months starting April 1, 2025
Gates Industrial appointed Joseph S. Cantie to its board of directors, effective March 30, 2025, and the board has determined he is independent under NYSE standards. He will stand for election by shareholders at the 2025 Annual General Meeting and will not serve on any board committees for now.
Board appointment made March 27, 2025; effective March 30, 2025
Annual director compensation of $245,000: $100,000 cash retainer and $145,000 in restricted stock units
Restricted stock units vest in full on the first anniversary of the grant date
Mr. Cantie will not serve on any board committees at this time
Southwest Airlines' board appointed J. Ryan Martinez, its Senior Vice President Finance & Controller, as principal accounting officer, effective April 1, 2025. Tammy Romo steps down from that role on the same date. The filing reports no special pay or award tied to the appointment, so the change is an administrative update to the company's finance leadership.
Board appointed J. Ryan Martinez on March 28, 2025, effective April 1, 2025
Tammy Romo steps down as principal accounting officer on April 1, 2025
Martinez, 45, is Senior Vice President Finance & Controller and previously served as Vice President Investor Relations from 2021 to 2023
No material plan, contract, or award was disclosed in connection with the appointment
Timken said its President and CEO Tarak B. Mehta will leave the company and resign from the Board, effective immediately, by mutual agreement. Director Richard G. Kyle, a former CEO from 2014 to 2024, was appointed interim President and CEO, also effective immediately. The filing states the departure was not due to misconduct, and it describes a cash payment to Mr. Mehta of $9.25 million under a settlement agreement.
Tarak B. Mehta leaves as President and CEO and resigns from the Board, effective March 31, 2025
Richard G. Kyle, age 59, named interim President and CEO; he previously led the company from 2014 to 2024
Kyle's pay includes a $1.2 million base salary, a deferred share award valued at $9.0 million and PRSUs valued at $3.3 million
Mehta will receive a $9.25 million cash payment under a settlement agreement with a general release of claims
Mohawk Industries appointed David L. Repp as Senior Vice President - Chief Accounting Officer and Corporate Controller, effective March 31, 2025, filling a role James F. Brunk had held on an interim basis since March 14, 2025. Repp is an internal promotion with more than 19 years at the company, and the change is administrative with no stated effect on financial results.
David L. Repp, 50, most recently served as Vice President - Corporate Segment Controller, a role he took in March 2024.
Repp will receive an annualized base salary of $350,000 and will participate in the annual cash bonus and equity incentive plans.
James F. Brunk, who served as interim Chief Accounting Officer since March 14, 2025, will remain Chief Financial Officer.
Mid-America Apartment Communities announced that CEO H. Eric Bolton, Jr. retires effective the end of March 31, 2025, and A. Bradley Hill, currently President and Chief Investment Officer, becomes CEO on April 1, 2025. Bolton will become Executive Chairman while remaining Chairman of the Board, under a transition employment agreement running through December 31, 2026, which the filing says supports an orderly succession for shareholders.
H. Eric Bolton, Jr. retires as CEO effective end of business March 31, 2025
A. Bradley Hill assumes the CEO role effective April 1, 2025
Bolton serves as Executive Chairman and Chairman of the Board; base salary $850,000 for rest of 2025, $750,000 for 2026
Transition Employment Agreement runs April 1, 2025 to December 31, 2026 and replaces his March 2015 agreement
JBT Marel's Executive Vice President and Chief Legal Officer, James L. Marvin, announced on March 25, 2025 that he intends to retire on May 31, 2025. The company has started a search for his replacement, which it expects to complete by the end of the second quarter of 2025.
James L. Marvin, EVP and Chief Legal Officer, announced retirement on March 25, 2025
Retirement effective May 31, 2025
Company expects to name a replacement by the end of the second quarter of 2025
The filing contains no financial results or guidance
APi Group Corporation's board approved the appointment of G. David Jackola as Executive Vice President and Chief Financial Officer, effective March 28, 2025, after he served as interim CFO since December 2024. The filing also sets out his offer letter, which includes a $725,000 base salary and a supplemental 2024 equity award valued at $1,562,500. The filing reports no financial results, so the change mainly confirms who leads the company's finance function.
Board approved Jackola's appointment as EVP and CFO effective March 28, 2025; he had been interim CFO since December 2024
Offer letter sets an annual base salary of $725,000 and a short-term cash incentive target of 100% of base salary
Supplemental 2024 long-term equity award granted March 28, 2025, with an aggregate value of $1,562,500
Jackola will report to Russ Becker, President and CEO, and will speak at APi's Investor Day on May 21 in New York
The Hartford's executive vice president and chief information and operations officer, Deepa Soni, resigned effective immediately on March 27, 2025, to pursue an external opportunity. The company split the role: Shekar Pannala is now chief information officer, leading Technology and cyber security, and Jeffery Hawkins is chief data, AI and operations officer, also leading Operations, both reporting to Chairman and CEO Christopher Swift.
Deepa Soni resigned as executive vice president and chief information and operations officer on March 27, 2025, effective immediately, and will advise the company into the second quarter.
Shekar Pannala, previously global CIO at Chubb, was named chief information officer and leads Technology, cyber security, infrastructure and cloud modernization.
Jeffery Hawkins, formerly chief information officer at CVS Health, was named chief data, AI and operations officer and now leads Operations in addition to data, analytics and AI.
The filing does not disclose compensation changes or financial figures for the new roles.
Baker Hughes said director Lynn L. Elsenhans will not stand for re-election at the 2025 Annual Meeting, and the Board elected Ilham Kadri as a director effective May 1, 2025, expanding the Board from ten to eleven members. The company said Elsenhans' decision is not due to any disagreement with the Company, and the filing describes this as a board-composition change with no financial figures disclosed.
Lynn L. Elsenhans informed the company on March 28, 2025 that she will not stand for re-election; she serves as a director until the 2025 Annual Meeting
Ilham Kadri elected to the Board on March 28, 2025, with a term beginning May 1, 2025; Board size rises from ten to eleven
Kadri, age 56, is CEO of Syensqo S.A. and will serve on the Audit and Human Capital and Compensation Committees
Avery Dennison said CFO Gregory Lovins will return as principal financial officer effective April 1, 2025, after a medical leave that began November 14, 2024. Interim CFO Danny Allouche steps down from that role on March 31, 2025, and stays on as Senior Vice President and Chief Strategy and Corporate Development Officer. The change restores the permanent finance chief to the top financial role.
Gregory Lovins resumes principal financial officer role effective April 1, 2025
Lovins's medical leave began November 14, 2024
Danny Allouche ceases as interim CFO on March 31, 2025 and remains an SVP and Chief Strategy and Corporate Development Officer
Lovins's base salary set at $838,500; target incentive and long-term opportunities unchanged
MetLife director David L. Herzog notified the board on March 27, 2025 that he will resign effective May 1, 2025, and will not stand for re-election at the 2025 annual shareholder meeting. The filing says the resignation was not due to any disagreement with the company on its operations, policies or practices.
Resignation notice given to the board on March 27, 2025
Resignation effective May 1, 2025; Herzog will not seek re-election at the 2025 annual meeting
Filing states no disagreement with the company on operations, policies or practices
HealthStream director William W. Stead, M.D. told the company on March 24, 2025 that he will not stand for re-election as a Class I director and will retire from the Board at the upcoming annual stockholder meeting. The filing states the decision is not the result of any disagreement with the company. The change is a routine board transition that does not alter company financial results or guidance.
Dr. William W. Stead, M.D. notified the company on March 24, 2025 of his decision
He will not stand for re-election as a Class I director at the annual stockholders meeting
His retirement from the Board takes effect concurrently with that annual meeting
The filing states the departure is not the result of any disagreement with the company
On March 27, 2025, the Compensation Committee approved a 2025 Short-Term Incentive Program for American States Water's executive officers. Target bonuses are set as a percentage of base salary, with 80% tied to specific performance targets and 20% discretionary.
Approved March 27, 2025 by the Compensation Committee of the Board of Directors
Target aggregate bonus for CEO Robert J. Sprowls is 100% of 2025 base salary; other named officers range from 33.2% to 47.3%
Objective bonus (80% of target) depends on performance targets; discretionary bonus (20%) depends on company assessment of individual performance
Program and form of award agreement filed as Exhibits 10.1 and 10.2
DigitalOcean director Christopher Merritt told the company on March 26, 2025 that he will not stand for reelection at the 2025 Annual Meeting of Stockholders. The filing says the decision was not due to any disagreement with the company on its operations, policies or practices, and he will remain on the board until that meeting.
Notice given March 26, 2025 by director Christopher Merritt
Merritt will not stand for reelection at the 2025 Annual Meeting of Stockholders
He will continue to serve on the Board through the date of the Annual Meeting
Filing states no disagreement with the company on operations, policies or practices
On March 26, 2025, EnerSys separated employment with Joern Tinnemeyer, its Senior Vice President and Chief Technology Officer. The same day, it appointed Mark Matthews, its President, Specialty Global, as Acting Chief Technology Officer while he keeps his other responsibilities. The filing does not give a reason for the departure, name a permanent successor, or include any financial figures.
Joern Tinnemeyer, Senior Vice President and Chief Technology Officer, separated employment on March 26, 2025
Mark Matthews, President, Specialty Global, appointed Acting Chief Technology Officer on March 26, 2025, in addition to his other responsibilities
The filing gives no reason for the departure and names no permanent replacement
8-K filed March 28, 2025 and signed by CFO Andrea J. Funk
Essential Properties Realty Trust entered into employment agreements dated March 24, 2025 with Executive Vice President and Chief Operating Officer R. Max Jenkins and Executive Vice President and Chief Investment Officer A Joseph Peil. The agreements set terms for base salary, bonus targets and severance, and include a term through March 24, 2028, which may affect retention of two senior executives.
Agreements run through March 24, 2028, with automatic one-year extensions unless notice is given.
Base salary of at least $385,000 per year for each executive, with a minimum target annual bonus of 125% of base salary.
Severance after a termination without Cause or for Good Reason is larger if termination occurs within 24 months after a Change in Control.
First Financial Bancorp (FFBC) said director Cynthia Booth notified the company on March 26, 2025, that she will retire at the end of her current term and will not stand for re-election at the 2025 Annual Meeting of Shareholders on May 27, 2025. The company said her decision is not the result of any disagreement with management or the board on operations or practices.
Cynthia Booth notified the company on March 26, 2025 of her retirement decision.
She will not stand for re-election at the annual meeting to be held May 27, 2025.
The company stated the decision did not result from any disagreement with management or the board.
The filing includes only the Inline XBRL cover page exhibit; no financial results are reported.
Roku director Ravi Ahuja notified the board on March 25, 2025, that he will resign effective June 11, 2025, the date of the company's 2025 annual meeting, citing the time commitment of his role as President and CEO of Sony Pictures Entertainment. The filing says the resignation is not due to any disagreement with the company or board over its operations, policies or practices, and the board will shrink from nine to eight directors on that date.
Ravi Ahuja notified the board on March 25, 2025, of his intent to resign as a director.
Resignation is effective June 11, 2025, the date of Roku's 2025 Annual Meeting of Stockholders.
Board size will be reduced from nine to eight directors on June 11, 2025.
Filing states the resignation is not related to any disagreement with the company or board.
Fluor Corporation said Executive Vice President and Chief Human Resources Officer Stacy L. Dillow notified the company on March 24, 2025 that she will resign, effective April 11, 2025. The filing does not name a successor or give a reason for the departure.
Stacy L. Dillow, EVP and Chief Human Resources Officer, gave notice on March 24, 2025.
Resignation takes effect April 11, 2025.
The filing does not name a replacement or state the reason for the departure.
N-able appointed Christopher Stagno, a former AspenTech Chief Accounting Officer, as Group Vice President and Chief Accounting Officer, effective April 21, 2025. He will report to CFO Tim O'Brien, who will remain Principal Financial Officer. The filing describes a routine accounting-leadership hire with standard compensation and change-of-control terms.
Christopher Stagno, age 50, appointed by the Board on March 24, 2025; effective April 21, 2025
Annual base salary of $315,000 and annual target bonus of 55% of base salary
Sign-on award of 25,615 RSUs and 25,614 PSUs, subject to Compensation Committee approval
Severance of 6 months base salary if terminated without Cause within 12 months after a Change of Control
Ingersoll Rand Inc. disclosed that board member Julie A. Schertell has resigned from its Board of Directors and from two board committees, effective March 27, 2025. The company states the resignation did not result from any disagreement with the company, management, or other directors, and the filing does not name a replacement.
Julie A. Schertell resigned from the Board of Directors effective March 27, 2025.
She also stepped down from the Nominating and Corporate Governance Committee and the Sustainability Committee.
The company says the resignation was not due to any disagreement with the company, management, or the board.
Astrana Health appointed Glenn W. Sobotka as its Chief Accounting Officer and principal accounting officer, effective March 26, 2025. John Vong, the current CAO, will move to a new role at the company and no longer serve as principal accounting officer. The change is administrative in nature and reflects a change in the person overseeing the company's accounting function.
Glenn W. Sobotka, 47, was appointed Chief Accounting Officer and principal accounting officer, effective March 26, 2025
Sobotka's annual base salary is $320,000, with a discretionary bonus target of 40% of base salary
Sobotka received 6,432 shares of restricted stock and 8,269 shares of performance-based restricted stock
John Vong will transition to a new role at the company and is no longer principal accounting officer
On March 26, 2025, the Compensation Committee of U.S. Physical Therapy's board approved four 2025 incentive plans for senior management, covering long-term equity awards and cash or stock bonuses. Awards depend on 2025 Adjusted EBITDA targets, with grants and bonus decisions set for the first quarter of 2026, so the plans tie executive pay to future earnings performance.
Maximum long-term restricted stock awards: CEO Christopher Reading 12,500 shares; President Eric Williams 7,500 shares; CFO Carey Hendrickson, COO West Graham Reeve and EVP Rick Binstein 5,000 shares each.
Objective bonus up to 100% of base salary for the CEO and up to 75% for other eligible executives; awards to be determined in the first quarter of 2026.
Awards vest evenly over 16 quarters, beginning May 20, 2026, with final vesting on March 6, 2030.
On March 25, 2025, Dick's Sporting Goods approved long-term performance unit awards for executive officers and certain other employees, with a grant date of April 3, 2025. The awards vest on April 3, 2028 only if performance goals for fiscal 2025 and 2026 are met, and the recipient remains an employee on the vesting date.
Grant date is April 3, 2025; awards vest April 3, 2028 if performance goals for fiscal 2025 and 2026 are achieved
Earned units are based on total sales, adjusted earnings before taxes, external merchandise margin percent, and eCommerce sales growth, with payout ranging from 0% to 200% of target
Target values for named executive officers: Edward W. Stack $5,000,000; Lauren R. Hobart $3,500,000; Navdeep Gupta $1,500,000; Raymond A. Sliva $1,250,000; Vlad Rak $1,250,000
Ryan Specialty Holdings said it will appoint Stephen P. Keogh, a former Aon plc executive, as Chief Operating Officer effective May 1, 2025. The filing sets his base salary at $600,000 and a target bonus of 150% of base salary, plus a proposed $2,000,000 performance stock unit grant subject to board approval and performance targets.
Stephen P. Keogh, age 58, becomes Chief Operating Officer effective May 1, 2025
Base salary of $600,000 per year, with a 2024 annual bonus target of 150% of base salary
Proposed initial performance stock unit grant with a grant date fair value of $2,000,000, vesting July 1, 2030, subject to board approval and performance targets
Keogh was Senior Advisor to the Office of the President at Aon plc until his retirement in September 2022
Bright Horizons director Cathy E. Minehan told the board on March 26, 2025 that she intends to retire, effective June 3, 2025. She serves on the Audit Committee, and the filing says the retirement is not due to any disagreement with the company and that the board expects to decrease its size.
Cathy E. Minehan notified the board on March 26, 2025 of her intent to retire, effective June 3, 2025
Minehan is a member of the Audit Committee
The filing states the retirement involves no disagreement with the company
The board expects to reduce its size following the retirement
Calix said on March 27, 2025 that it has nominated Michael Berry, former CFO of NetApp, for election to its board at the annual meeting on May 8, 2025, to fill the seat held by Ellie Fields. Fields chose not to stand for re-election and said the decision was not due to any disagreement with the company, and she plans to devote time to an AI startup. The filing is a board governance change with no reported financial results.
Michael Berry nominated March 21, 2025 as a Class III director with a term expiring at the 2028 annual meeting
Ellie Fields' term expires at the annual meeting scheduled for May 8, 2025
Berry would receive a $60,000 annual retainer plus $200,000 initial and $200,000 annual restricted stock awards
Ameren Corporation disclosed that director Kimberly J. Harris resigned from its Board of Directors, effective immediately, after notifying the board on March 24, 2025. She cited personal reasons related to her health and recovery from a recent medical issue, and the company said the resignation was not due to any disagreement over operations, policies or practices. The filing does not name a successor or describe any change to board composition beyond her departure.
Kimberly J. Harris notified the board of her resignation on March 24, 2025.
The resignation took effect immediately.
Ms. Harris cited personal health reasons and no disagreement with the company.
On March 25, 2025, Yelp director Chris Terrill told the board he will not stand for reelection at the company's 2025 annual meeting of stockholders. He will remain on the board and the Nominating and Corporate Governance Committee until that meeting, and he said the decision was not due to any disagreement with the company over its operations, policies or practices.
Chris Terrill notified the board of his decision on March 25, 2025
He will stay on the board and the Nominating and Corporate Governance Committee until the 2025 annual meeting
His resignation from those positions takes effect when directors are elected at the annual meeting
He stated the decision was not related to any disagreement with the company
Marcus & Millichap said its Chief Accounting Officer, Kurt Schwarz, is retiring, effective March 24, 2025, and will remain an employee until April 18, 2025. The company said his departure is not related to any financial or accounting operations, policies or practices, and that there were no disagreements with the company. Fabrice De Bosschère, the company's First Vice President and Corporate Controller, was appointed acting Chief Accounting Officer effective March 25, 2025, pending formal board appointment effective May 1, 2025.
Kurt Schwarz resigned as Chief Accounting Officer and Principal Accounting Officer, effective March 24, 2025.
Fabrice De Bosschère, 48, has been First Vice President, Corporate Controller since January 2022.
De Bosschère will receive an annual base salary of $300,000 and a target annual cash bonus of $125,000.
Board formal appointment of De Bosschère is effective May 1, 2025.
Evergy's board elected Matt Gummig, who has served as interim controller and chief accounting officer since December 1, 2024, to the permanent role of Vice President, Chief Accounting Officer and principal accounting officer, effective April 2, 2025. The filing describes a routine promotion with a $240,000 base salary and standard incentive and equity awards, and it does not indicate any change to company operations or financial results.
Board elected Matt Gummig on March 24, 2025, effective April 2, 2025
Base salary of $240,000; annual incentive target of 40% of base salary
Long-term incentive target grant of 50% of base salary; RSUs with $100,000 grant date value vesting on the third anniversary
On March 26, 2025, V.F. Corporation accepted the resignation of director W. Rodney McMullen, effective immediately, and reduced the board from its prior size to twelve directors. The filing says the resignation was required under the company's Corporate Governance Principles because of a substantial change in his principal occupation.
Director W. Rodney McMullen resigned from the board; the board accepted his offer on March 26, 2025
Resignation effective immediately, required under the company's Corporate Governance Principles
Two Noble Corporation plc directors, Alastair Maxwell and Ann D. Pickard, told the board on March 24, 2025 that they will not stand for re-election at the 2025 Annual General Meeting. Their board service ends at that meeting, and the board will shrink to seven directors. The filing says the decisions did not involve any disagreement with the board or management.
Directors Alastair Maxwell and Ann D. Pickard notified the board on March 24, 2025
Both will leave the board when the 2025 Annual General Meeting concludes
Board size will decrease from current level to seven directors at that time
Filing states the departures involved no disagreement with the board, management, operations, policies or practices
Primoris Services approved compensation for David King, named Interim President and CEO, and Jeremy Kinch, named Chief Operating Officer, with offer letters dated March 21, 2025. The filing shows King's base salary at $950,000 and an RSU grant of $1,250,000 vesting through the first anniversary of grant, while Kinch's base salary is $600,000 with a 2025 LTIP award of $1,000,000. Changes in top management and pay arrangements are relevant to shareholders as they set leadership and incentive terms.
David King: Interim President and CEO; base salary $950,000; RSUs worth $1,250,000 vesting through the first anniversary of grant; target bonus up to 120% of salary
Jeremy Kinch: Chief Operating Officer; base salary $600,000; 2025 LTIP award of $1,000,000; target bonus 100% of salary
Offer letters dated March 21, 2025; Kinch's terms complement his Employment Agreement dated January 7, 2025
Filing dated March 26, 2025, signed by CFO Kenneth M. Dodgen
Carter's, Inc. appointed Douglas C. Palladini as Chief Executive Officer, President and a board member, effective April 3, 2025, replacing interim CEO Richard F. Westenberger, who will stay on as Senior Executive Vice President, Chief Financial Officer & Chief Operating Officer. The filing sets Palladini's pay and an equity package, which ties part of his stock awards to share price growth hurdles, and it matters to shareholders as a change in the company's top executive.
Palladini's base salary is $1,200,000 per year, with an annual cash incentive target of 150%.
His sign-on equity grant has a grant date fair value of $7,000,000, split 50% time-based and 50% performance-based restricted stock.
Performance shares are earned at 30%, 60% and 90% share price growth hurdles over a three-year period.
Palladini previously served as Global Brand President of Vans, a subsidiary of V.F. Corporation, from July 2016 through March 2022.
NetApp's Board increased its size from nine to ten directors and appointed Frank Pelzer, chief operating officer of Spotnana, to fill the new seat. Pelzer will serve on the Audit Committee, and the Board has determined he qualifies as an audit committee financial expert.
Board approved increase from nine to ten authorized directors on March 21, 2025
Frank Pelzer appointed to the Board and will serve on the Audit Committee
Pelzer is Spotnana's COO and previously served as CFO of F5; the filing reports no related party transactions
Press release dated March 26, 2025 announces the appointment
Andersons, Inc. said its Executive Vice President, General Counsel and Corporate Secretary, Christine M. Castellano, will retire effective April 18, 2025. The company will provide benefits consistent with a qualifying termination under its Change in Control & Severance policy.
Castellano informed the company of her retirement decision on March 24, 2025.
Retirement is effective April 18, 2025.
The filing does not name a successor or describe any financial figures for the retirement benefits.
Nexstar Media Group disclosed that director Dennis FitzSimons notified the company and its Board on March 21, 2025, that he will not stand for re-election. He will serve the rest of his term and resign from the Board and its Audit Committee at the 2025 annual stockholder meeting. The filing states his decision is not tied to any disagreement with Nexstar on operations, policies or practices.
Notice given to Nexstar and its Board on March 21, 2025
FitzSimons will resign from the Board and Audit Committee at the 2025 annual meeting of stockholders
Filing states no disagreement with Nexstar, management or the Board on operations, policies or practices
John Wiley & Sons approved higher pay for Christopher Caridi, its Interim Chief Financial Officer, effective April 1, 2025. His base salary rises from $406,653 to $450,000, and his annual bonus target rises from 50% to 85% of salary, for the duration of his interim role. The changes do not alter his equity compensation or other benefits, and they apply only while he serves in the interim position.
Base salary increases from $406,653 to $450,000, effective April 1, 2025
Annual bonus target under the Wiley Annual Incentive Plan rises from 50% to 85% of base salary
No changes to equity compensation or other benefits
Changes were approved on March 20, 2025 and last only while Caridi serves as Interim CFO
ADT appointed Fawad Ahmad as Executive Vice President and Chief Operating and Customer Officer, effective April 14, 2025. He will take over the Chief Operating Officer duties from Donald Young, who is expected to retire on June 6, 2025, so the change adds a new senior operating leader while the transition is handled in stages.
Fawad Ahmad, age 49, most recently served as Chief Strategy & Transformation Officer at State Farm Mutual Automobile Insurance Company.
Effective date is April 14, 2025; Donald Young's retirement date is June 6, 2025, with duties transitioned to Ahmad in between.
Ahmad's pay includes a $600,000 annualized base salary, a $500,000 one-time sign-on bonus, and a $2,500,000 grant-date value sign-on RSU award.
State Farm Fire & Casualty Company, an affiliate of ADT, owns 15.5% of ADT's common stock and class B common stock in the aggregate.
American Water Works director Kimberly J. Harris resigned from the Board of Directors, effective immediately, after notifying Board Chair Karl F. Kurz on March 24, 2025. She cited personal reasons related to her health and recovery, and the filing says the resignation was not due to any disagreement with the company. The Board intends to fill the open Nominating Committee Chair role in due course.
Kimberly J. Harris resigned from the Board effective immediately; notice given to Chair Karl F. Kurz on March 24, 2025
Harris had served on the Board since 2019 and as Nominating/Corporate Governance Committee Chair since 2021
She also served on the Executive Development and Compensation Committee and the Safety, Environmental, Technology and Operations Committee
The Board intends to fill the Nominating Committee Chair vacancy in due course
On March 19, 2025, First BanCorp's board approved a 3.5% increase in CEO Aurelio Alemán's annual base salary and higher target incentive opportunities. The changes followed the board's annual executive pay review, with guidance from its outside compensation consultant. Because the filing describes the changes only as compensation adjustments, shareholders can see the new pay levels but not a stated financial effect.
Base salary rises 3.5%, from $1,080,000 to $1,117,800, effective April 1, 2025
Short-term incentive target rises from 115% to 125% of base salary, for fiscal 2025 performance paid in 2026
Long-term incentive target rises from 200% to 215% of base salary, for awards made in 2026
Core & Main said CEO Steve LeClair will retire as chief executive effective March 31, 2025, and become executive chair while remaining chair of the board. CFO Mark Witkowski will become CEO and join the board, and Robyn Bradbury, senior vice president of finance and investor relations, will become CFO. The filing does not report any financial results or guidance, so the change is best read as a leadership succession with new pay terms for the incoming executives.
Steve LeClair steps down as CEO effective March 31, 2025, and becomes executive chair; he continues as board chair.
Mark Witkowski, CFO since February 2016, becomes CEO with an annual salary of $825,000 and a bonus of up to 125% of salary.
Robyn Bradbury becomes CFO with an annual salary of $500,000 and a bonus of up to 75% of salary.
The board expands from nine to ten directors, and Witkowski joins as a Class I director without committee seats.
U.S. Bancorp director Kimberly J. Harris resigned from the Board of Directors effective immediately, and will not stand for re-election at the 2025 annual shareholder meeting. The company said the resignation is for personal reasons related to her health and recovery, and not due to any disagreement with the company on its operations, policies or practices.
Kimberly J. Harris notified the Board of her resignation on March 24, 2025, effective immediately.
She will not stand for re-election at the company's 2025 annual meeting of shareholders.
The company said the resignation was not due to any disagreement with the company on its operations, policies or practices.
News Corp said Chief Technology Officer David Kline will resign to accept a role outside the company. He will remain in his position until June 30, 2025, to help transition his duties, and the company has begun a search for a successor. The change affects a senior executive role but the filing reports no financial figures.
David Kline, Chief Technology Officer, informed the company on March 19, 2025, that he would resign
Kline will remain in his current position until June 30, 2025, to assist with the transition
News Corp has begun a search for a successor; Kline joined the company in January 2020
Triumph Financial, Inc. announced a series of management changes tied to the continued evolution of its business segments and product lines, including promoting Todd Ritterbusch to head both its Banking and Payments segments. The filing names new leaders for its factoring segment and LoadPay product line and says Melissa Forman-Barenblit stopped serving as president of TriumphPay, so shareholders are seeing a reorganization of segment leadership rather than a change in reported financial results.
Todd Ritterbusch, president of TBK Bank, SSB, is promoted to head of the Banking and Payments segments.
Kim Fisk is named president of factoring, succeeding Tim Valdez, who will become chairman of the factoring segment.
David Vielehr is named president of LoadPay, the digital banking platform for the trucking industry.
Melissa Forman-Barenblit ceased to serve as president of the TriumphPay product line effective March 19, 2025.
NBT Bancorp amended its supplemental retirement agreement with Scott Kingsley, increasing his annual Pay Based Credits by $500,000 so that total annual company-provided retirement contributions are not less than $1,000,000 starting with the 2025 Plan Year. The amendment is a compensation change for a named officer and is filed as Exhibit 10.1. The filing gives conflicting dates for the amendment, May 24, 2025 in the text and March 24, 2025 in the exhibit description.
Pay Based Credits increased by $500,000 per year under the SERP Amendment
Total annual company-provided retirement contributions for Mr. Kingsley not less than $1,000,000, effective with the 2025 Plan Year
Text says the amendment was entered into May 24, 2025; Exhibit 10.1 is dated March 24, 2025, and the filing is dated March 24, 2025
BioLife Solutions appointed Catherine Coste, a former Deloitte senior partner and licensed CPA, to its board effective March 18, 2025, increasing board membership to seven. She also replaces Joydeep Goswami as audit committee chair, with Goswami remaining a director and audit committee member. The filing describes the change as a board and governance update and does not report any financial results.
Coste's appointment is effective March 18, 2025, and she serves until the 2025 Annual Meeting of Stockholders.
Board membership increases to seven; Coste replaces Joydeep Goswami as audit committee chair.
Coste retired from Deloitte in September 2020 after more than 32 years with the firm.
Coste will receive the same prorated compensation as the company's other non-employee directors.
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