Amendment: Accenture plc filed SEC Form 8-K: Leadership Update
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
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Date of Report (Date of earliest event reported): June 8, 2024
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As reported on a Form 8-K filed by Accenture plc (the “Company”) on June 11, 2024, we announced that Angie Park has been appointed as the Company’s Chief Financial Officer, effective December 1, 2024, succeeding KC McClure, who will step down from such position as of November 30, 2024 and retire on March 1, 2025.
On July 17, 2024, the Compensation, Culture & People Committee (the “Committee”) of the Company’s Board of Directors approved the following new compensation arrangements for Ms. Park in her new role. Ms. Park’s cash compensation will be composed of an annual base salary, effective December 1, 2024, of $900,000; and a target annual bonus for fiscal 2025 of 125% of her base compensation earned during fiscal 2025 (with a maximum of 200%). In addition, the Committee approved equity awards with a total target value of $2,975,000, composed of a target number of restricted share units (“RSUs”) with a fair market value of $2,225,000 as of the date of grant under the Company’s Key Executive Performance Share Program, to be granted in January 2025, and a target number of RSUs with a fair market value of $750,000 as of the date of grant under the Company’s Performance Equity Award Program, with the final amount to be based on fiscal 2025 performance, to be granted in January 2026.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| Date: July 19, 2024 | ACCENTURE PLC | ||||||||||
| By: | /s/ Joel Unruch | ||||||||||
| Name: | Joel Unruch | ||||||||||
| Title: | General Counsel & Corporate Secretary | ||||||||||