BlackBerry Limited filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
$BB
Computer Software: Prepackaged Software
Technology
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
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(519 ) 888-7465
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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.
Item 5.02(e) – Compensatory Arrangements of Chief Executive Officer
On April 1, 2025, the Board of Directors of BlackBerry Limited (the “Company”), upon the recommendation of the Company’s Compensation, Nomination and Governance Committee following a year-end review of the compensation of the Company’s Chief Executive Officer, John Giamatteo, approved amendments to Mr. Giamatteo’s employment agreement dated December 8, 2023, as amended (the “Employment Agreement”).
The amendments enhance the severance benefits payable to Mr. Giamatteo in the event of termination by the Company without Just Cause or by Mr. Giamatteo with Good Reason (each, as defined in the Employment Agreement) by (i) increasing the period of salary continuance from 12 months plus one additional month per completed year of service to 24 months, and (ii) adding a lump sum payment in an amount equal to two times Mr. Giamatteo’s then current target annual bonus under the Company’s Variable Incentive Plan. The terms of the Employment Agreement remain otherwise unamended.
The foregoing description of the amendments does not purport to be complete and is qualified in its entirety by reference to the full text of the amendment agreement attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits
| Exhibit Number | Description | |||||||
| 10.1 | ||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL Document). | |||||||
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.
BlackBerry Limited | ||||||||||||||||||||
| Date: | April 1, 2025 | By: | /s/ Tim Foote | |||||||||||||||||
| Name: | Tim Foote | |||||||||||||||||||
| Title: | Chief Financial Officer | |||||||||||||||||||