Marsh & McLennan Adjusts Executive Compensation Arrangements
Ticker: MRSH · Form: 8-K · Filed: Feb 23, 2024
Sentiment: neutral
Topics: compensatory-arrangements, executive-compensation
TL;DR
**Marsh & McLennan just tweaked executive pay, watch for potential leadership shifts or performance incentives.**
AI Summary
Marsh & McLennan Companies, Inc. filed an 8-K on February 22, 2024, regarding compensatory arrangements for certain officers. The filing indicates changes related to the company's executive compensation structure, specifically mentioning XNYSMember and XCHIMember, effective October 9, 2023. This suggests adjustments to how key executives are compensated, potentially impacting future financial statements.
Why It Matters
Changes in executive compensation can influence leadership retention, motivation, and ultimately, the company's strategic direction and financial performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine compensatory arrangements and does not indicate immediate financial distress or significant operational changes.
Key Players & Entities
- MARSH & MCLENNAN COMPANIES, INC. (company) — Registrant
- XNYSMember (person) — Officer related to compensatory arrangements
- XCHIMember (person) — Officer related to compensatory arrangements
- February 22, 2024 (date) — Date of earliest event reported
- October 9, 2023 (date) — Effective date for certain compensatory arrangements
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 22, 2024.
What is the full name of the registrant company?
The exact name of the registrant as specified in its charter is Marsh & McLennan Companies, Inc.
What is the Commission File Number for Marsh & McLennan Companies, Inc.?
The Commission File Number for Marsh & McLennan Companies, Inc. is 1-5998.
What specific items were reported under Item 5.02?
Item 5.02 covers "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers."
When were the compensatory arrangements for XNYSMember and XCHIMember effective?
The compensatory arrangements for XNYSMember and XCHIMember were effective on October 9, 2023.
Filing Stats: 620 words · 2 min read · ~2 pages · Grade level 10.5 · Accepted 2024-02-23 16:05:34
Key Financial Figures
- $1.00 — ich registered Common Stock, par value $1.00 per share MMC New York Stock Exchange
- $1,500,000 — e will receive an annual base salary of $1,500,000, effective April 1, 2024. Mr. Doyle wil
- $3,750,000 — le for an annual bonus with a target of $3,750,000 commencing with the 2024 performance ye
- $13,750,000 — tive (LTI) award with a target value of $13,750,000 commencing with the award to be made in
- $1,000,000 — y will receive an annual base salary of $1,000,000, effective April 1, 2024. Mr. McGivney
- $1,750,000 — le for an annual bonus with a target of $1,750,000 commencing with the 2024 performance ye
- $3,000,000 — incentive award with a target value of $3,000,000 commencing with the award to be made in
Filing Documents
- mmc-20240222.htm (8-K) — 35KB
- ex_101.htm (EX-10.1) — 14KB
- ex_102.htm (EX-10.2) — 11KB
- image_0.jpg (GRAPHIC) — 80KB
- mmc-20240222_g1.jpg (GRAPHIC) — 80KB
- 0000062709-24-000021.txt ( ) — 541KB
- mmc-20240222.xsd (EX-101.SCH) — 3KB
- mmc-20240222_def.xml (EX-101.DEF) — 15KB
- mmc-20240222_lab.xml (EX-101.LAB) — 29KB
- mmc-20240222_pre.xml (EX-101.PRE) — 16KB
- mmc-20240222_htm.xml (XML) — 4KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits 10.1 Letter Agreement Amendment, dated February 22, 2024, between Marsh & McLennan Companies, Inc. and John Q. Doyle. 10.2 Letter Agreement Amendment, dated February 22, 2024, between Marsh & McLennan Companies, Inc. and Mark C. McGivney. 2
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. MARSH & McLENNAN COMPANIES, INC. By: /s/ Connor Kuratek Name: Connor Kuratek Title: Deputy General Counsel & Corporate Secretary Date: February 23, 2024 3