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Intuit logoIntuit INTU

Intuit said Laura Fennell, who has served as Executive Vice President and Chief People & Places Officer since August 2018, will transition to a new role effective July 31, 2025. The company announced the change on June 16, 2025.

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

Key points

AI summary
  1. Intuit said Laura Fennell, who has served as Executive Vice President and Chief People & Places Officer since August 2018, will transition to a new role effective July 31, 2025. The company announced the change on June 16, 2025.

  2. Intuit said it entered into a Transition Agreement with Laura Fennell under which she will remain employed by the company through September 1, 2027. The company also said her previously granted equity awards will continue to vest under their terms.

  3. Intuit said it will pay Fennell an annual base salary of $770,000 from August 1, 2025 to July 31, 2026, with a target annual cash bonus of 50% of base salary, and an annual base salary of $200,000 from August 1, 2026 to September 1, 2027, with a target annual cash bonus of 30% of base salary.

  4. Intuit said Caryl Hilliard, Senior Vice President, People & Places, will serve as Chief People & Places Officer effective August 1, 2025.

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.

Laura Fennell to transition to new role effective July 31, 2025

Intuit said Laura Fennell, who has served as Executive Vice President and Chief People & Places Officer since August 2018, will transition to a new role effective July 31, 2025. The company announced the change on June 16, 2025.

Source · Based on the filing body and exhibits

Employment to continue through September 1, 2027 under Transition Agreement

Intuit said it entered into a Transition Agreement with Laura Fennell under which she will remain employed by the company through September 1, 2027. The company also said her previously granted equity awards will continue to vest under their terms.

Source · Based on the filing body and exhibits

Base salary and target cash bonus structure during transition period

Intuit said it will pay Fennell an annual base salary of $770,000 from August 1, 2025 to July 31, 2026, with a target annual cash bonus of 50% of base salary, and an annual base salary of $200,000 from August 1, 2026 to September 1, 2027, with a target annual cash bonus of 30% of base salary.

Source · Based on the filing body and exhibits

Caryl Hilliard to serve as Chief People & Places Officer effective August 1, 2025

Intuit said Caryl Hilliard, Senior Vice President, People & Places, will serve as Chief People & Places Officer effective August 1, 2025.

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.