Frontdoor Appoints New CFO, Brian K. Bates
Ticker: FTDR · Form: 8-K · Filed: Feb 6, 2025 · CIK: 1727263
| Field | Detail |
|---|---|
| Company | Frontdoor, Inc. (FTDR) |
| Form Type | 8-K |
| Filed Date | Feb 6, 2025 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
TL;DR
New CFO Brian Bates starts Feb 10, gets $450k salary + bonus + 150k RSUs.
AI Summary
Frontdoor, Inc. announced on February 5, 2025, the appointment of Brian K. Bates as Chief Financial Officer, effective February 10, 2025. Bates will receive an annual base salary of $450,000 and will be eligible for an annual bonus with a target of 75% of his base salary. He will also receive a one-time grant of 150,000 restricted stock units.
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 executive positions like CFO can introduce uncertainty regarding future financial strategies and performance.
Key Numbers
- $450,000 — CFO Base Salary (Annual compensation for new CFO Brian K. Bates.)
- 75% — CFO Bonus Target (Potential annual bonus for new CFO Brian K. Bates.)
- 150,000 — CFO Stock Grant (One-time restricted stock unit grant for new CFO Brian K. Bates.)
Key Players & Entities
- Frontdoor, Inc. (company) — Registrant
- Brian K. Bates (person) — Appointed Chief Financial Officer
- $450,000 (dollar_amount) — Annual base salary for new CFO
- 75% (dollar_amount) — Target annual bonus percentage for new CFO
- 150,000 (dollar_amount) — Restricted stock units granted to new CFO
- February 5, 2025 (date) — Date of report
- February 10, 2025 (date) — Effective date for new CFO
FAQ
Who has been appointed as the new Chief Financial Officer of Frontdoor, Inc.?
Brian K. Bates has been appointed as the new Chief Financial Officer of Frontdoor, Inc.
When is Brian K. Bates's appointment as CFO effective?
Brian K. Bates's appointment as CFO is effective February 10, 2025.
What is Brian K. Bates's annual base salary?
Brian K. Bates's annual base salary is $450,000.
What is the target percentage for Brian K. Bates's annual bonus?
The target percentage for Brian K. Bates's annual bonus is 75% of his base salary.
What is the value of the one-time stock grant to Brian K. Bates?
Brian K. Bates will receive a one-time grant of 150,000 restricted stock units.
Filing Stats: 439 words · 2 min read · ~1 pages · Grade level 12 · Accepted 2025-02-06 16:02:52
Key Financial Figures
- $0.01 — ch registered Common stock, par value $0.01 per share FTDR The Nasdaq Stock Mar
Filing Documents
- ftdr-20250205.htm (8-K) — 38KB
- 0000950170-25-015367.txt ( ) — 144KB
- ftdr-20250205.xsd (EX-101.SCH) — 23KB
- ftdr-20250205_htm.xml (XML) — 4KB
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. Date: February 6, 2025 By: /s/ Jeffrey A. Fiarman Jeffrey A. Fiarman Senior Vice President, Chief Legal Officer & Secretary