Universal Corp Files 8-K/A on Officer/Director Changes
Ticker: UVV · Form: 8-K/A · Filed: Oct 1, 2024 · CIK: 102037
| Field | Detail |
|---|---|
| Company | Universal Corp /Va/ (UVV) |
| Form Type | 8-K/A |
| Filed Date | Oct 1, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $800,000, $1,600,000, $2 million, $670,000, $140,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-compensation, amendment
TL;DR
Universal Corp amended its 8-K regarding exec/director changes. Watch for leadership shifts.
AI Summary
Universal Corporation filed an amendment (8-K/A) on October 1, 2024, to a report originally dated August 23, 2024. This amendment pertains to the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements for certain officers. The filing does not specify names or dollar amounts but indicates changes in corporate governance and executive compensation.
Why It Matters
This filing signals potential shifts in the company's leadership and executive compensation structure, which could impact strategic direction and investor confidence.
Risk Assessment
Risk Level: medium — Amendments to 8-K filings concerning director and officer changes can indicate internal shifts that may affect company strategy or stability.
Key Players & Entities
- Universal Corporation (company) — Registrant
- Virginia (location) — State of Incorporation
FAQ
What specific event triggered the original 8-K filing on August 23, 2024?
The filing indicates the original report concerned the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
What is the purpose of this 8-K/A filing?
This is an amendment (Amendment No. 1) to a previously filed 8-K report, indicating updates or corrections to the information originally provided.
When was the amendment filed?
The amendment was filed on October 1, 2024.
What is Universal Corporation's state of incorporation?
Universal Corporation is incorporated in Virginia.
What are the main topics covered by this 8-K/A filing?
The filing covers changes related to directors, officers, and their compensation arrangements.
Filing Stats: 947 words · 4 min read · ~3 pages · Grade level 11.7 · Accepted 2024-10-01 16:30:33
Key Financial Figures
- $800,000 — annual base salary will be increased to $800,000 ("New Base Salary"). In addition, Mr. W
- $1,600,000 — be increased to a target award value of $1,600,000. In addition, on the Effective Date, Mr
- $2 million — k Incentive Plan equal to approximately $2 million based on the volume-weighted average pr
- $670,000 — annual base salary will be adjusted to $670,000 through December 31, 2024. Mr. Freeman
- $140,000 — eeman will receive a lump sum amount of $140,000 as compensation for his service as Seni
Filing Documents
- tm2425319d1_8ka.htm (8-K/A) — 29KB
- 0001104659-24-104950.txt ( ) — 197KB
- uvv-20240823.xsd (EX-101.SCH) — 3KB
- uvv-20240823_lab.xml (EX-101.LAB) — 33KB
- uvv-20240823_pre.xml (EX-101.PRE) — 22KB
- tm2425319d1_8ka_htm.xml (XML) — 3KB
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. UNIVERSAL CORPORATION Date:October 1, 2024 By: /s/ Catherine H. Claiborne Catherine H. Claiborne Vice President, General Counsel, and Secretary