APi Group Corp. Reports Board and Executive Compensation Changes
Ticker: APG · Form: 8-K · Filed: Nov 22, 2024 · CIK: 1796209
Sentiment: neutral
Topics: management-change, executive-compensation, board-of-directors
Related Tickers: API
TL;DR
APi Group Corp. shook up its board and exec pay structure on 11/22/24.
AI Summary
APi Group Corp. announced on November 22, 2024, changes in its board of directors and executive compensation arrangements. Specifically, the company reported the departure of certain officers and the election of new directors, alongside updates to compensatory arrangements for its key executives.
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: medium — Changes in executive and board composition can introduce uncertainty regarding future strategy and leadership stability.
Key Numbers
- 11/22/2024 — Report Date (Date of the earliest event reported)
Key Players & Entities
- APi Group Corp. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- 1100 Old Highway 8 NW, New Brighton, MN 55112 (address) — Principal executive offices
FAQ
What specific roles have been affected by the departure of certain officers?
The filing indicates departures of certain officers but does not specify the exact roles in this summary.
Who are the newly elected directors?
The filing mentions the election of directors but does not list their names in this summary.
What are the details of the compensatory arrangements for certain officers?
The filing notes updates to compensatory arrangements but does not provide specific details in this summary.
What is the Commission File Number for APi Group Corp.?
The Commission File Number for APi Group Corp. is 001-39275.
What is the Standard Industrial Classification code for APi Group Corp.?
The Standard Industrial Classification code for APi Group Corp. is 7340 (SERVICES-TO DWELLINGS & OTHER BUILDINGS).
Filing Stats: 829 words · 3 min read · ~3 pages · Grade level 12.1 · Accepted 2024-11-22 07:34:07
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share APG The New York Stock Exchan
- $25,000 — e an additional monthly cash stipend of $25,000 effective upon appointment and a one-ti
- $500,000 — ant of restricted stock units valued at $500,000. The number of restricted stock units
Filing Documents
- apg-20241122.htm (8-K) — 30KB
- cfopressrelease.htm (EX-99.1) — 9KB
- img23227469_0a.jpg (GRAPHIC) — 4KB
- 0001628280-24-048922.txt ( ) — 168KB
- apg-20241122.xsd (EX-101.SCH) — 2KB
- apg-20241122_lab.xml (EX-101.LAB) — 21KB
- apg-20241122_pre.xml (EX-101.PRE) — 12KB
- apg-20241122_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On November 22, 2024, the Company issued a press release relating to the matters discussed above as well as reaffirming previously released full year 2024 net revenue and adjusted EBITDA guidance. A copy of the press release is furnished as Exhibit 99.1. The information furnished under this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release dated November 22, 2024 of APi Group Corporation 104 Cover Page Interactive Data File (formatted as Inline XBRL) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. APi Group Corporation Date: November 22, 2024 By: /s/ Louis B. Lambert Name: Louis B. Lambert Title: Senior Vice President, General Counsel and Secretary