Ford Motor Co. Files 8-K on Officer/Director Changes
Ticker: F-PD · Form: 8-K · Filed: May 10, 2024 · CIK: 37996
Sentiment: neutral
Topics: corporate-governance, officer-changes, director-changes
Related Tickers: F
TL;DR
Ford's 8-K shows leadership changes and executive comp updates.
AI Summary
Ford Motor Company filed an 8-K on May 10, 2024, reporting events on May 8, 2024. The filing primarily concerns the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements for certain officers. It also includes financial statements and exhibits.
Why It Matters
This filing indicates potential shifts in Ford's leadership and executive compensation structure, which could impact the company's strategic direction and investor confidence.
Risk Assessment
Risk Level: low — The filing reports on standard corporate governance matters like director and officer changes, which are routine and do not inherently signal significant financial distress or operational disruption.
Key Players & Entities
- FORD MOTOR CO (company) — Registrant
- May 8, 2024 (date) — Date of earliest event reported
- May 10, 2024 (date) — Date of report
- Delaware (jurisdiction) — State of incorporation
- Dearborn, Michigan (location) — Address of principal executive offices
FAQ
What specific officer positions were affected by the changes reported in this 8-K?
The filing indicates changes related to 'Departure of Directors or Certain Officers' and 'Appointment of Certain Officers,' but does not specify the exact positions in the provided text.
Were there any new directors elected to the board?
Yes, the filing explicitly lists 'Election of Directors' as an item covered.
Does the filing detail the new compensatory arrangements for officers?
The filing mentions 'Compensatory Arrangements of Certain Officers' as a topic, suggesting details may be included, but the specific terms are not in the provided excerpt.
What is the primary purpose of this Form 8-K filing for Ford Motor Company?
The primary purpose is to report significant corporate events, including changes in directors and officers, and related compensation matters, as of May 8, 2024.
When was this 8-K filing submitted to the SEC?
This Form 8-K was filed on May 10, 2024.
Filing Stats: 1,084 words · 4 min read · ~4 pages · Grade level 11.5 · Accepted 2024-05-10 08:04:31
Key Financial Figures
- $1,242,077 — to 150% of his unchanged base salary of $1,242,077; Approved an increase in his annual st
- $4,000,000 — e in his annual stock award target from $4,000,000 to $6,500,000; Approved an increase in
- $6,500,000 — l stock award target from $4,000,000 to $6,500,000; Approved an increase in his Defined B
- $900,000 — o Ms. House: Approved a base salary of $900,000 (pro-rated for the portion of the year
- $5,000,000 — pproved an annual stock award target of $5,000,000, to be paid pursuant to the Company's 2
- $4,250,000 — 2024; and Approved a sign-on bonus of $4,250,000 that will be paid $1,250,000 in cash an
- $1,250,000 — n bonus of $4,250,000 that will be paid $1,250,000 in cash and $3,000,000 in restricted st
- $3,000,000 — hat will be paid $1,250,000 in cash and $3,000,000 in restricted stock units under the Com
- $1,500,000 — y's 2023 Long Term Incentive Plan, with $1,500,000 of such restricted stock units vesting
Filing Documents
- f-20240508.htm (8-K) — 37KB
- exhibit99may102024pressr.htm (EX-99) — 8KB
- exhibit99may102024pressr001.jpg (GRAPHIC) — 236KB
- exhibit99may102024pressr002.jpg (GRAPHIC) — 278KB
- exhibit99may102024pressr003.jpg (GRAPHIC) — 51KB
- 0000037996-24-000077.txt ( ) — 997KB
- f-20240508.xsd (EX-101.SCH) — 4KB
- f-20240508_def.xml (EX-101.DEF) — 15KB
- f-20240508_lab.xml (EX-101.LAB) — 29KB
- f-20240508_pre.xml (EX-101.PRE) — 16KB
- f-20240508_htm.xml (XML) — 5KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits . EXHIBITS * Designation Description Method of Filing Exhibit 99 News release dated May 10, 2024 Filed with this Report Exhibit 104 Cover Page Interactive Data File ** (formatted in Inline XBRL) 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. FORD MOTOR COMPANY (Registrant) Date: May 10, 2024 By: /s/ David J. Witten David J. Witten Assistant Secretary * Any reference in the attached exhibit(s) to our corporate website(s) and/or other social media sites or platforms, and the contents thereof, is provided for convenience only; such websites or platforms and the contents thereof are not incorporated by reference into this Report nor deemed filed with the Securities and Exchange Commission. ** Submitted electronically with this Report in accordance with the provisions of Regulation S-T.