Viad Corp CFO Departs, Interim Appointed
Ticker: PRSU · Form: 8-K · Filed: Dec 18, 2024 · CIK: 884219
| Field | Detail |
|---|---|
| Company | Viad Corp (PRSU) |
| Form Type | 8-K |
| Filed Date | Dec 18, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $1.50, $400,000, $500,000, $250,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-departure, interim-cfo, compensation
TL;DR
Viad's CFO is out, interim CFO in. Expect financial leadership changes.
AI Summary
On December 16, 2024, Viad Corp announced the departure of its Chief Financial Officer, Matthew W. Reintjes, effective December 18, 2024. Concurrently, the company appointed Steven L. Nelson as interim CFO. Nelson will receive an annual base salary of $375,000 and a target annual bonus of 50% of his base salary.
Why It Matters
The unexpected departure of a CFO can signal internal challenges or strategic shifts, while the appointment of an interim CFO suggests a transition period for the company's financial leadership.
Risk Assessment
Risk Level: medium — CFO departures can indicate underlying issues or uncertainty within a company, potentially impacting investor confidence and financial strategy.
Key Numbers
- $375,000 — Interim CFO Salary (Annual base compensation for Steven L. Nelson.)
- 50% — Interim CFO Bonus Target (Target annual bonus percentage for Steven L. Nelson.)
Key Players & Entities
- Viad Corp (company) — Registrant
- Matthew W. Reintjes (person) — Departing Chief Financial Officer
- December 18, 2024 (date) — Effective date of CFO departure
- Steven L. Nelson (person) — Appointed Interim Chief Financial Officer
- $375,000 (dollar_amount) — Interim CFO's annual base salary
- 50% (dollar_amount) — Interim CFO's target annual bonus percentage
- December 16, 2024 (date) — Date of report
FAQ
What is the reason for Matthew W. Reintjes' departure as CFO?
The filing does not specify the reason for Matthew W. Reintjes' departure as Chief Financial Officer.
When is Steven L. Nelson's appointment as interim CFO effective?
Steven L. Nelson's appointment as interim Chief Financial Officer is effective December 18, 2024.
What is the annual base salary for the interim CFO?
The annual base salary for the interim CFO, Steven L. Nelson, is $375,000.
What is the target annual bonus for the interim CFO?
The target annual bonus for the interim CFO, Steven L. Nelson, is 50% of his base salary.
Is there any indication of a permanent CFO replacement?
The filing only states the appointment of an interim CFO and does not provide information on a permanent replacement.
Filing Stats: 1,151 words · 5 min read · ~4 pages · Grade level 13.8 · Accepted 2024-12-18 14:45:10
Key Financial Figures
- $1.50 — nge on which registered Common Stock, $1.50 Par Value VVI New York Stock Exchan
- $400,000 — l include: (i) an annual base salary of $400,000; (ii) an annual cash incentive bonus wi
- $500,000 — award with an aggregate grant value of $500,000 on January 2, 2025, approximately 70% o
- $250,000 — award with an aggregate grant value of $250,000 on December 16, 2024; and (v) participa
Filing Documents
- vvi-20241216.htm (8-K) — 47KB
- img215975082_0.jpg (GRAPHIC) — 4KB
- 0000950170-24-137815.txt ( ) — 170KB
- vvi-20241216.xsd (EX-101.SCH) — 24KB
- vvi-20241216_htm.xml (XML) — 5KB
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. Viad Corp (Registrant) Date: December 18, 2024 By: /s/ Jonathan A. Massimino Jonathan A. Massimino Title: General Counsel & Corporate Secretary