Synchrony Financial Reports Board Changes and Executive Compensation Updates
Ticker: SYF-PB · Form: 8-K · Filed: Sep 17, 2024 · CIK: 1601712
| Field | Detail |
|---|---|
| Company | Synchrony Financial (SYF-PB) |
| Form Type | 8-K |
| Filed Date | Sep 17, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $265,000, $100,000, $165,000, $20,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-of-directors
Related Tickers: SYF
TL;DR
SYF board shakeup and exec pay changes filed. Watch for governance shifts.
AI Summary
Synchrony Financial announced on September 12, 2024, changes in its board of directors and executive compensation arrangements. The filing details the departure of certain officers and the election of new directors, alongside updates to compensatory plans for key executives.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance, impacting investor confidence.
Risk Assessment
Risk Level: medium — Changes in leadership and compensation can introduce uncertainty regarding future strategic direction and financial performance.
Key Players & Entities
- Synchrony Financial (company) — Registrant
- September 12, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 777 Long Ridge Road, Stamford, Connecticut 06902 (address) — Principal executive offices
FAQ
What specific roles have been affected by the departure of certain officers?
The filing indicates the departure of certain officers but does not specify the exact roles in this summary section.
Who are the newly elected directors?
The filing mentions the election of directors but does not list their names in the provided text.
What are the key changes in the compensatory arrangements for certain officers?
The filing notes updates to compensatory arrangements but does not detail the specific changes in this summary.
What is the effective date of these reported changes?
The date of the earliest event reported is September 12, 2024.
Under which section of the 1934 Act is this Current Report filed?
This Current Report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 737 words · 3 min read · ~2 pages · Grade level 11.1 · Accepted 2024-09-17 16:08:23
Key Financial Figures
- $0.001 — ich registered Common stock, par value $0.001 per share SYF New York Stock Exchange
- $265,000 — lao will receive annual compensation of $265,000, of which $100,000 will be paid in cash
- $100,000 — nual compensation of $265,000, of which $100,000 will be paid in cash and $165,000 will
- $165,000 — which $100,000 will be paid in cash and $165,000 will be paid in Company restricted stoc
- $20,000 — additional annual cash compensation of $20,000 for service on the Risk Committee and $
- $15,000 — 0 for service on the Risk Committee and $15,000 for service on the Technology Committee
Filing Documents
- syf-20240912.htm (8-K) — 39KB
- dancolao-pressrelease.htm (EX-99.1) — 9KB
- dancolao.jpg (GRAPHIC) — 894KB
- image_0a.jpg (GRAPHIC) — 15KB
- 0001601712-24-000310.txt ( ) — 1470KB
- syf-20240912.xsd (EX-101.SCH) — 2KB
- syf-20240912_def.xml (EX-101.DEF) — 17KB
- syf-20240912_lab.xml (EX-101.LAB) — 29KB
- syf-20240912_pre.xml (EX-101.PRE) — 17KB
- syf-20240912_htm.xml (XML) — 5KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits The following exhibits are being furnished as part of this report: Number Description 99.1 Press Release dated September 17, 2024 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL
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. SYNCHRONY FINANCIAL Date: September 17, 2024 By: /s/ Brian D. Doubles Name: Brian D. Doubles Title: President and Chief Executive Officer