CoreCivic Appoints New CFO, David Burke
Ticker: CXW · Form: 8-K · Filed: Mar 8, 2024 · CIK: 1070985
| Field | Detail |
|---|---|
| Company | Corecivic, INC. (CXW) |
| Form Type | 8-K |
| Filed Date | Mar 8, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
TL;DR
CoreCivic names David Burke new CFO, starting March 11th with $450k salary + stock.
AI Summary
CoreCivic, Inc. announced on March 7, 2024, the appointment of David M. Burke as Chief Financial Officer, effective March 11, 2024. Burke will receive an annual base salary of $450,000 and is eligible for a discretionary annual bonus. He will also receive a restricted stock award valued at $1,000,000, vesting over three years.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key financial leadership can introduce uncertainty regarding future financial strategies and performance.
Key Numbers
- $450,000 — CFO Base Salary (Annual compensation for David M. Burke)
- $1,000,000 — CFO Stock Award (Restricted stock award vesting over three years for David M. Burke)
Key Players & Entities
- CoreCivic, Inc. (company) — Registrant
- David M. Burke (person) — Appointed Chief Financial Officer
- $450,000 (dollar_amount) — Annual base salary for new CFO
- $1,000,000 (dollar_amount) — Value of restricted stock award for new CFO
- March 7, 2024 (date) — Date of report
- March 11, 2024 (date) — Effective date for new CFO
FAQ
Who has been appointed as the new Chief Financial Officer of CoreCivic, Inc.?
David M. Burke has been appointed as the new Chief Financial Officer of CoreCivic, Inc.
When does David M. Burke's appointment as CFO become effective?
David M. Burke's appointment as CFO becomes effective on March 11, 2024.
What is the annual base salary for the new CFO, David M. Burke?
The annual base salary for David M. Burke is $450,000.
What is the value of the restricted stock award granted to David M. Burke?
David M. Burke has been granted a restricted stock award valued at $1,000,000.
Over what period will the restricted stock award granted to David M. Burke vest?
The restricted stock award granted to David M. Burke will vest over three years.
Filing Stats: 852 words · 3 min read · ~3 pages · Grade level 9.7 · Accepted 2024-03-08 09:21:59
Filing Documents
- d779637d8k.htm (8-K) — 28KB
- d779637dex991.htm (EX-99.1) — 10KB
- g779637g0307130016950.jpg (GRAPHIC) — 4KB
- 0001193125-24-063015.txt ( ) — 166KB
- cxw-20240307.xsd (EX-101.SCH) — 3KB
- cxw-20240307_lab.xml (EX-101.LAB) — 17KB
- cxw-20240307_pre.xml (EX-101.PRE) — 11KB
- d779637d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. 99.1 Press Release dated March 7, 2024. 104 Cover Page Interactive Data File (embedded within the inline XBRL document). SIGNATURE 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. Date: March 8, 2024 By: /s/ David M. Garfinkle David M. Garfinkle Executive Vice President and Chief Financial Officer