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Ford Motor logoFord Motor F

Ford said its board approved the amendment and restatement of the Defined Benefit Supplemental Executive Retirement Plan (DB SERP), Executive Separation Allowance Plan (ESAP) and Select Retirement Plan (SRP) on March 14, 2024.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Ford said its board approved the amendment and restatement of the Defined Benefit Supplemental Executive Retirement Plan (DB SERP), Executive Separation Allowance Plan (ESAP) and Select Retirement Plan (SRP) on March 14, 2024.

  2. The company said the DB SERP, ESAP and SRP are closed to new participants as of March 14, 2024. The amended and restated plans take effect on the same date.

  3. The company said it filed the amended and restated DB SERP, ESAP and SRP with this report as Exhibits 10.1, 10.2 and 10.3, respectively, and that they are incorporated by reference.

  4. The company said it reported the plan changes under Item 5.02 of Form 8-K, and the report's Date of Report (Date of earliest event reported) is March 14, 2024.

Summary

AI-written

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

Ford Approves Amended and Restated Retirement Benefit Plans for Three Executive Plans

Ford said its board approved the amendment and restatement of the Defined Benefit Supplemental Executive Retirement Plan (DB SERP), Executive Separation Allowance Plan (ESAP) and Select Retirement Plan (SRP) on March 14, 2024.

Source · Based on the filing body and exhibits

All Three Plans Closed to New Participants Effective March 14, 2024

The company said the DB SERP, ESAP and SRP are closed to new participants as of March 14, 2024. The amended and restated plans take effect on the same date.

Source · Based on the filing body and exhibits

Amended and Restated Plans Filed as Exhibits 10.1 to 10.3

The company said it filed the amended and restated DB SERP, ESAP and SRP with this report as Exhibits 10.1, 10.2 and 10.3, respectively, and that they are incorporated by reference.

Source · Based on the filing body and exhibits

Form 8-K Report Under Item 5.02, Date of Report March 14, 2024

The company said it reported the plan changes under Item 5.02 of Form 8-K, and the report's Date of Report (Date of earliest event reported) is March 14, 2024.

Source · Based on the filing body and exhibits

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.