BrightView Holdings Appoints New Directors, Updates Executive Contracts
Ticker: BV · Form: 8-K · Filed: Jul 23, 2024 · CIK: 1734713
| Field | Detail |
|---|---|
| Company | Brightview Holdings, Inc. (BV) |
| Form Type | 8-K |
| Filed Date | Jul 23, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
TL;DR
BrightView adds 2 directors, inks new deals for CEO/CFO.
AI Summary
BrightView Holdings, Inc. announced on July 17, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Michael R. Thompson and David J. Schanzer, to its Board, effective immediately. Additionally, the company entered into new employment agreements with its Chief Executive Officer, Andrew D. Kerin, and Chief Financial Officer, John J. Kelly, detailing their compensation and severance packages.
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 board and executive roles can introduce uncertainty, but the filing also details compensation, suggesting a structured approach to these transitions.
Key Players & Entities
- BrightView Holdings, Inc. (company) — Registrant
- Michael R. Thompson (person) — Newly Elected Director
- David J. Schanzer (person) — Newly Elected Director
- Andrew D. Kerin (person) — Chief Executive Officer
- John J. Kelly (person) — Chief Financial Officer
- July 17, 2024 (date) — Date of earliest event reported
FAQ
Who were the new directors elected to BrightView Holdings, Inc.'s Board?
Michael R. Thompson and David J. Schanzer were elected as new directors to the Board of BrightView Holdings, Inc.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on July 17, 2024.
What are the principal executive offices of BrightView Holdings, Inc.?
The principal executive offices of BrightView Holdings, Inc. are located at 980 Jolly Road, Blue Bell, Pennsylvania 19422.
What is the IRS Employer Identification Number for BrightView Holdings, Inc.?
The IRS Employer Identification Number for BrightView Holdings, Inc. is 46-4190788.
What specific items are covered in this Form 8-K filing?
This Form 8-K filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
Filing Stats: 443 words · 2 min read · ~1 pages · Grade level 11.3 · Accepted 2024-07-23 16:15:32
Key Financial Figures
- $0.01 — nge on which registered Common stock, $0.01 par value BV New York Stock Exchange
Filing Documents
- tm2419857d1_8k.htm (8-K) — 24KB
- 0001104659-24-081900.txt ( ) — 191KB
- bv-20240717.xsd (EX-101.SCH) — 3KB
- bv-20240717_lab.xml (EX-101.LAB) — 33KB
- bv-20240717_pre.xml (EX-101.PRE) — 22KB
- tm2419857d1_8k_htm.xml (XML) — 3KB
02. Departure of Directors or Certain Officers; Election
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On July 17, 2024, Richard W. Roedel informed BrightView Holdings, Inc. (the "Company") that he was resigning from the Company's Board of Directors (the "Board"), effective December 31, 2024. Mr. Roedel's decision to resign from the Board is a result of personal health reasons and not the result of any disagreement on any matter relating to the Company's operations, policies or practices.
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 hereunto duly authorized. BrightView Holdings, Inc. Date: July 23, 2024 By: /s/ Jonathan M. Gottsegen Name: Jonathan M. Gottsegen Title: Executive Vice President, Chief Legal Officer and Corporate Secretary