Allison Transmission Appoints New CFO
Ticker: ALSN · Form: 8-K · Filed: Jun 4, 2024 · CIK: 1411207
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
TL;DR
New CFO Michael Dozier starts June 10th with $475k salary + $1.5M stock award.
AI Summary
Allison Transmission Holdings, Inc. announced on June 3, 2024, the appointment of Michael E. Dozier as Senior Vice President, Chief Financial Officer, and Treasurer, effective June 10, 2024. Dozier will receive an annual base salary of $475,000 and will be eligible for the company's annual incentive plan. He will also receive a restricted stock unit award valued at $1,500,000, vesting over three years.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.
Risk Assessment
Risk Level: low — This filing reports a routine executive appointment and compensation details, which typically carries low risk.
Key Numbers
- $475,000 — CFO Annual Base Salary (Starting salary for Michael E. Dozier)
- $1,500,000 — CFO Stock Award Value (Restricted stock unit award vesting over three years)
Key Players & Entities
- Allison Transmission Holdings, Inc. (company) — Registrant
- Michael E. Dozier (person) — Appointed Senior Vice President, Chief Financial Officer, and Treasurer
- $475,000 (dollar_amount) — Annual base salary for new CFO
- $1,500,000 (dollar_amount) — Value of restricted stock unit award for new CFO
- June 10, 2024 (date) — Effective date of CFO appointment
FAQ
What is Michael E. Dozier's new role at Allison Transmission Holdings, Inc.?
Michael E. Dozier has been appointed as Senior Vice President, Chief Financial Officer, and Treasurer.
When is Michael E. Dozier's appointment effective?
The appointment is effective June 10, 2024.
What is Michael E. Dozier's annual base salary?
His annual base salary is $475,000.
What is the value of the restricted stock unit award granted to Michael E. Dozier?
The restricted stock unit award is valued at $1,500,000.
Over what period will Michael E. Dozier's stock award vest?
The restricted stock unit award will vest over three years.
Filing Stats: 941 words · 4 min read · ~3 pages · Grade level 11.1 · Accepted 2024-06-04 16:15:54
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value ALSN New York Stock Excha
- $372,000 — ntive Award Plan with a target value of $372,000, which value was divided equally betwee
Filing Documents
- d771153d8k.htm (8-K) — 29KB
- d771153dex991.htm (EX-99.1) — 13KB
- g771153g0604080608720.jpg (GRAPHIC) — 2KB
- g771153g0604080930932.jpg (GRAPHIC) — 3KB
- 0001193125-24-154265.txt ( ) — 172KB
- alsn-20240603.xsd (EX-101.SCH) — 3KB
- alsn-20240603_lab.xml (EX-101.LAB) — 17KB
- alsn-20240603_pre.xml (EX-101.PRE) — 11KB
- d771153d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits: Exhibit Number Description 99.1 Press release dated June 4, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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. Allison Transmission Holdings, Inc. Date: June 4, 2024 By: /s/ Eric C. Scroggins Name: Eric C. Scroggins Title: Vice President, General Counsel and Secretary