AECOM Elects New Directors, Amends Executive Compensation
Ticker: ACM · Form: 8-K · Filed: Nov 22, 2024 · CIK: 868857
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
TL;DR
AECOM adds 2 directors, tweaks exec pay. Board shakeup incoming?
AI Summary
AECOM announced on November 19, 2024, changes in its board of directors and executive compensation arrangements. Specifically, the company elected two new directors, W. Steven (Steve) Johnson and Dr. Brenda J. Levine, to its Board, effective immediately. Additionally, the compensation committee of the Board approved amendments to the employment agreements for certain executive officers, including President and Chief Executive Officer, Troy M. Rudd.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance changes and executive compensation adjustments, which are common and generally do not indicate significant new risks.
Key Players & Entities
- AECOM (company) — Registrant
- W. Steven (Steve) Johnson (person) — Newly elected director
- Dr. Brenda J. Levine (person) — Newly elected director
- Troy M. Rudd (person) — President and Chief Executive Officer
- November 19, 2024 (date) — Date of earliest event reported
FAQ
Who are the newly elected directors to AECOM's Board?
W. Steven (Steve) Johnson and Dr. Brenda J. Levine were elected as new directors to AECOM's Board.
When were the new directors elected?
The new directors were elected effective November 19, 2024.
What other significant event was reported on November 19, 2024?
The compensation committee of the Board approved amendments to the employment agreements for certain executive officers.
Which executive officer's employment agreement was specifically mentioned as being amended?
The employment agreement for Troy M. Rudd, President and Chief Executive Officer, was among those amended.
What is AECOM's principal executive office address?
AECOM's principal executive offices are located at 13355 Noel Road, Suite 400, Dallas, Texas 75240.
Filing Stats: 483 words · 2 min read · ~2 pages · Grade level 10.7 · Accepted 2024-11-22 16:15:39
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value ACM New York Stock Exchan
Filing Documents
- tm2429154d1_8k.htm (8-K) — 24KB
- 0001104659-24-122108.txt ( ) — 191KB
- acm-20241119.xsd (EX-101.SCH) — 3KB
- acm-20241119_lab.xml (EX-101.LAB) — 33KB
- acm-20241119_pre.xml (EX-101.PRE) — 22KB
- tm2429154d1_8k_htm.xml (XML) — 3KB
02 Departure
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. On November 19, 2024, Lydia H. Kennard informed the Board of Directors (the "Board") of AECOM (the "Company") that she will not stand for reelection to the Board at the 2025 Annual Meeting of Stockholders ("Annual Meeting"). Ms. Kennard's decision not to stand for reelection to the Board is due to personal reasons and not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. Ms. Kennard will continue to serve as a director of the Company and as a member of the Nominating and Governance Committee until the expiration of her term at the Annual Meeting. The Company thanks Ms. Kennard for her service on the Board.
SIGNATURES
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 thereto duly authorized. AECOM Dated: November 22, 2024 By: /s/ David Y. Gan David Y. Gan Executive Vice President, Chief Legal Officer