The company said on June 24, 2024 that William J. Fehrman was elected Chief Executive Officer and President, effective August 1, 2024, and would also become a director on the same day.

1. 01

   The company said on June 24, 2024 that William J. Fehrman was elected Chief Executive Officer and President, effective August 1, 2024, and would also become a director on the same day.

2. 02

   The company said it will provide Fehrman with an annual base salary of $1,500,000, a short-term incentive target of 155% of base salary, and an annual long-term incentive target of $10,500,000 beginning in 2025, consisting of 75% performance shares and 25% RSUs.

3. 03

   The company said it will pay Fehrman $2,000,000 within 30 days of his hire to offset a sign-on bonus he must repay to his prior employer, and will grant him RSUs worth $4,000,000 to offset equity awards from his prior employer that he will forfeit.

4. 04

   The company said Benjamin G. S. Fowke will step down as Interim Chief Executive Officer and Interim President effective July 31, 2024 and will become Senior Advisor from August 1, while remaining a director, and that Linda A. Goodspeed will leave the Board effective July 31.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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