Vertiv Holdings Co. Elects New Directors, Adjusts CFO Compensation

TL;DR

Vertiv adds 2 directors, adjusts CFO pay. Board shakeup incoming?

AI Summary

Vertiv Holdings Co. announced on February 4, 2025, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, David M. Schanzer and Michael J. Thompson, to its Board, effective February 4, 2025. Additionally, the company entered into a new employment agreement with its Chief Financial Officer, Leo G. Conte, which includes a base salary of $450,000 and potential performance-based bonuses.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Changes in board composition and executive compensation can introduce uncertainty regarding future strategic direction and management stability.

Key Numbers

• 2 — New Directors Elected (Effective February 4, 2025, Vertiv Holdings Co. expanded its board.)
• $450,000 — CFO Base Salary (New annual base salary for CFO Leo G. Conte.)

Key Players & Entities

• Vertiv Holdings Co (company) — Registrant
• David M. Schanzer (person) — Newly elected director
• Michael J. Thompson (person) — Newly elected director
• Leo G. Conte (person) — Chief Financial Officer
• $450,000 (dollar_amount) — CFO's new base salary

FAQ

Key Financial Figures

• $0.0001 — which registered Class A common stock, $0.0001 par value per share VRT New York St

Filing Documents

• d934950d8k.htm (8-K) — 21KB
• 0001193125-25-022808.txt ( ) — 135KB
• vrt-20250204.xsd (EX-101.SCH) — 3KB
• vrt-20250204_lab.xml (EX-101.LAB) — 17KB
• vrt-20250204_pre.xml (EX-101.PRE) — 11KB
• d934950d8k_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): February 4, 2025 VERTIV HOLDINGS CO Exact name of registrant as specified in its charter Delaware 001-38518 81-2376902 (State or other Jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification Number) 505 N. Cleveland Ave. , Westerville , Ohio 43082 (Address of principal executive offices, including zip code) Registrant's telephone number, including area code: 614 - 888-0246 Check the appropriate box below if the Form 8-K 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(s) Name of each exchange on which registered Class A common stock, $0.0001 par value per share VRT New York Stock Exchange 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 On February 4, 2025, Robin L. Washington notified the Board of Directors (the "Board") of Vertiv Holdings Co (the "Company") that she has decided to resign from the Board, effective as of March 31, 2025, in light of her recently announced appointment to serve as President and Chief Operating and Financial Officer of Salesforce, Inc. Ms. Washington's decision to resign from the Board was not the result of any disagreement relating to the Company's operations, policies or practices. The Company thanks Ms. Washington for her commitment and service. SIGNATURE 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. Date: February 7, 2025 Vertiv Holdings Co /s/ Stephanie Gill Name: Stephanie Gill Title: Chief Legal Counsel

View Full Filing

View this 8-K filing on SEC EDGAR