IQVIA Appoints New CFO, Michael R. R. McLellan
Ticker: IQV · Form: 8-K · Filed: May 10, 2024 · CIK: 1478242
Sentiment: neutral
Topics: executive-change, cfo-appointment, personnel
TL;DR
IQVIA got a new CFO, Michael R. R. McLellan, starting May 6th with a $550K salary.
AI Summary
IQVIA Holdings Inc. announced on May 10, 2024, that its Board of Directors appointed Michael R. R. McLellan as Chief Financial Officer, effective May 6, 2024. He will receive an annual base salary of $550,000 and will be eligible for the company's annual incentive plan and long-term equity awards. The company also disclosed the departure of its previous CFO, Michael J. Venn, and the election of new directors.
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
- $550,000 — CFO Base Salary (Annual base salary for the newly appointed CFO, Michael R. R. McLellan.)
Key Players & Entities
- IQVIA Holdings Inc. (company) — Registrant
- Michael R. R. McLellan (person) — Appointed Chief Financial Officer
- $550,000 (dollar_amount) — Annual base salary for new CFO
- May 6, 2024 (date) — Effective date for new CFO
- May 10, 2024 (date) — Date of report
- Michael J. Venn (person) — Departing Chief Financial Officer
FAQ
Who has been appointed as the new Chief Financial Officer of IQVIA Holdings Inc.?
Michael R. R. McLellan has been appointed as the new Chief Financial Officer of IQVIA Holdings Inc.
When did the appointment of the new CFO become effective?
The appointment of Michael R. R. McLellan as CFO became effective on May 6, 2024.
What is the annual base salary for the new CFO?
The annual base salary for Michael R. R. McLellan is $550,000.
Who was the previous CFO of IQVIA Holdings Inc.?
Michael J. Venn was the previous CFO of IQVIA Holdings Inc.
What other significant events were reported in this 8-K filing?
The filing also reported the election of new directors and changes related to compensatory arrangements of certain officers.
Filing Stats: 440 words · 2 min read · ~1 pages · Grade level 11.4 · Accepted 2024-05-10 16:35:54
Key Financial Figures
- $0.01 — ich Registered Common Stock, par value $0.01 per share " IQV " New York Stock Ex
Filing Documents
- d800476d8k.htm (8-K) — 21KB
- 0001193125-24-136226.txt ( ) — 135KB
- iqv-20240506.xsd (EX-101.SCH) — 3KB
- iqv-20240506_lab.xml (EX-101.LAB) — 17KB
- iqv-20240506_pre.xml (EX-101.PRE) — 11KB
- d800476d8k_htm.xml (XML) — 3KB
From the Filing
8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 10, 2024 ( May 6, 2024 ) IQVIA HOLDINGS INC. (Exact name of registrant as specified in its charter) Delaware 001-35907 27-1341991 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 2400 Ellis Road Durham , North Carolina 27703 (Address of principal executive offices) Registrant's telephone number, including area code: (919) 998-2000 Not Applicable (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol Name of Each Exchange on which Registered Common Stock, par value $0.01 per share " IQV " New York Stock Exchange LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 6, 2024, IQVIA Holdings Inc. (the "Company") announced that Kevin C. Knightly, President, Corporate Strategy and Enterprise Networks, will transition from his current role effective May 15, 2024, and will become a senior advisor to the Chief Executive Officer (the "CEO"). In Mr. Knightly's role as Senior Advisor to the CEO, he will receive compensation commensurate with this new role. 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. Date: May 10, 2024 IQVIA HOLDINGS INC. By: /s/ Eric M. Sherbet Eric M. Sherbet Executive Vice President, General Counsel and Secretary