CBIZ, Inc. Files 8-K: Officer/Director Changes & Compensation
Ticker: CBZ · Form: 8-K · Filed: Jan 21, 2025 · CIK: 944148
| Field | Detail |
|---|---|
| Company | Cbiz, Inc. (CBZ) |
| Form Type | 8-K |
| Filed Date | Jan 21, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, officer-appointment, director-election, compensation
Related Tickers: CBZ
TL;DR
CBIZ leadership shakeup: Directors out, new officers in, compensation details filed.
AI Summary
CBIZ, Inc. filed an 8-K on January 21, 2025, reporting events as of January 15, 2025. The filing pertains to the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements for certain officers. It also includes financial statements and exhibits.
Why It Matters
This filing indicates potential shifts in the leadership and governance structure of CBIZ, Inc., which could impact strategic direction and investor confidence.
Risk Assessment
Risk Level: medium — Changes in directors and officers, especially if accompanied by compensation adjustments, can signal underlying strategic shifts or governance issues that may affect the company's future performance.
Key Numbers
- 001-32961 — SEC File Number (Identifies the company's filing history with the SEC.)
- 22-2769024 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- CBIZ, Inc. (company) — Registrant
- 20250115 (date) — Date of earliest event reported
- 20250121 (date) — Date of report
- Delaware (jurisdiction) — State of incorporation
- 5959 Rockside Woods Blvd. N., Suite 600 (address) — Principal executive offices
- Independence, Ohio (location) — City and State of principal executive offices
FAQ
Who specifically departed from their roles as directors or officers?
The filing does not name the specific individuals who departed, only that such departures occurred.
Who were elected as new directors?
The filing indicates the election of directors but does not name the individuals elected.
Were there any changes in executive officer positions?
Yes, the filing reports the appointment of certain officers.
What is the nature of the compensatory arrangements being disclosed?
The filing indicates that compensatory arrangements of certain officers are being disclosed, but the specifics are detailed within the accompanying exhibits.
What financial statements are included with this filing?
The filing states that financial statements and exhibits are included, but their specific content is not detailed in the summary text.
Filing Stats: 584 words · 2 min read · ~2 pages · Grade level 9.3 · Accepted 2025-01-21 07:55:20
Key Financial Figures
- $0.01 — ange On which registered Common Stock, $0.01 par value CBZ New York Stock Exchange
Filing Documents
- cbz-20250115.htm (8-K) — 25KB
- pressreleaseofcbizincdated.htm (EX-99.1) — 7KB
- image_0.jpg (GRAPHIC) — 68KB
- 0001628280-25-001946.txt ( ) — 250KB
- cbz-20250115.xsd (EX-101.SCH) — 2KB
- cbz-20250115_lab.xml (EX-101.LAB) — 21KB
- cbz-20250115_pre.xml (EX-101.PRE) — 12KB
- cbz-20250115_htm.xml (XML) — 3KB
02(d) Election of New Director
Item 5.02(d) Election of New Director. On January 15, 2025, the Board of Directors (the "Board") of CBIZ, Inc. (the "Company") expanded the number of its directors to ten and appointed Ms. Kathy A. Raffa to serve as an independent director. Ms. Raffa will serve through the 2027 Annual Meeting, at which time she is expected to stand for election. As a non-employee director, she will receive the standard compensation for a CBIZ non-employee director as outlined in the Company's proxy statements. Ms. Raffa is not a party to any related party transactions outlined in Item 404(a) of Regulation S-K. As previously disclosed, in connection with the Company's recent acquisition, Marcum had the right pursuant to the Merger Agreement to nominate a director to be appointed to the Board, subject to compliance with certain requirements and the recommendation of the Company's Nominating and Governance committee and approval by the Board. Ms. Raffa was nominated pursuant to this right. She served as the Office Managing Partner for Marcum's Washington, D.C. region prior to her retirement in October 2023. A copy of the press release is furnished herewith as Exhibit 99.1.
01(d) Exhibits
Item 9.01(d) Exhibits. Exhibit No. Description 99.1 Press Release of CBIZ, Inc. dated January 21, 2025, announcing appointment to the CBIZ Board of Directors. 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. Dated: January 21, 2025 CBIZ, Inc. By: /s/ Jaileah X. Huddleston Name: Jaileah X. Huddleston Title: Senior Vice President, Chief Legal Officer, and Corporate Secretary