Moody's Corporation Announces Executive Compensation Changes
Ticker: MCO · Form: 8-K · Filed: Feb 12, 2025 · CIK: 1059556
| Field | Detail |
|---|---|
| Company | Moodys Corp /De/ (MCO) |
| Form Type | 8-K |
| Filed Date | Feb 12, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-compensation, employment-agreement
Related Tickers: MCO
TL;DR
Moody's inked a new deal for Rob Kyle, locking in his salary and severance.
AI Summary
On February 11, 2025, Moody's Corporation announced changes in its executive compensation arrangements. Specifically, the company entered into a new employment agreement with Robert "Rob" Kyle, effective February 11, 2025, which includes a base salary of $500,000 and potential for an annual bonus. This agreement also outlines severance benefits in the event of termination under certain conditions.
Why It Matters
Changes in executive compensation can signal shifts in company strategy or management's outlook on future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns executive employment and compensation, which typically carries a low direct risk to the company's overall financial health.
Key Numbers
- $500,000 — Base Salary (Robert Kyle's new base salary effective February 11, 2025.)
Key Players & Entities
- Moody's Corporation (company) — Registrant
- Robert "Rob" Kyle (person) — Executive Officer
- $500,000 (dollar_amount) — Base Salary
FAQ
What is the effective date of Robert Kyle's new employment agreement?
The new employment agreement for Robert Kyle is effective February 11, 2025.
What is Robert Kyle's new base salary?
Robert Kyle's new base salary is $500,000.
Does the new agreement include provisions for severance?
Yes, the new employment agreement outlines severance benefits for Robert Kyle under specific termination conditions.
What is the primary purpose of this 8-K filing?
This 8-K filing reports on changes in directors or officers, election of directors, appointment of officers, and compensatory arrangements of certain officers.
What is Moody's Corporation's state of incorporation?
Moody's Corporation is incorporated in Delaware.
Filing Stats: 605 words · 2 min read · ~2 pages · Grade level 14.1 · Accepted 2025-02-12 16:19:31
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share MCO New York Stock Exchange
Filing Documents
- mco-20250211.htm (8-K) — 34KB
- executiveofficercashseve.htm (EX-10) — 6KB
- executiveofficercashseve001.jpg (GRAPHIC) — 253KB
- executiveofficercashseve002.jpg (GRAPHIC) — 192KB
- 0001059556-25-000012.txt ( ) — 826KB
- mco-20250211.xsd (EX-101.SCH) — 3KB
- mco-20250211_def.xml (EX-101.DEF) — 16KB
- mco-20250211_lab.xml (EX-101.LAB) — 28KB
- mco-20250211_pre.xml (EX-101.PRE) — 16KB
- mco-20250211_htm.xml (XML) — 5KB
01 FINANCIAL STATEMENTS AND EXHIBITS 3
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS 3 SIGNATURES 4 EXHIBIT 10.1 EXHIBIT 104 2 Item 5.02, "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers" On February 11, 2025, the Compensation & Human Resources Committee of the Board of Directors of Moody's Corporation adopted and approved the Executive Officer Cash Severance Policy (the "Cash Severance Policy"), effective February 11, 2025, which requires stockholder ratification of any new executive officer arrangements, agreements, plans, or policies providing for cash severance benefits exceeding 2.99 times the sum of the executive officer's base salary plus target annual bonus opportunity. The Cash Severance Policy also requires stockholder ratification of any amendment that would increase cash severance benefits payable under any existing arrangement, agreement, plan or policy above 2.99 times the sum of a covered executive's base salary plus target annual bonus opportunity. The foregoing description is qualified in its entirety by reference to the Cash Severance Policy, which is included as Exhibit 10.1 to this Current Report and is incorporated by reference as though fully set forth herein.
01, "Financial Statements and Exhibits"
Item 9.01, "Financial Statements and Exhibits" (d) Exhibits 10.1 Moody's Corporation Executive Officer Cash Severance Policy 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. 3
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. MOODY'S CORPORATION By: /s/ Elizabeth M. McCarroll Elizabeth M. McCarroll Corporate Secretary and Associate General Counsel Date: February 12, 2025 4