Global Payments CEO Transition and Board Changes

TL;DR

New CEO Cameron Bready takes over at Global Payments, replacing Jeffrey S. Sloan.

AI Summary

On July 31, 2024, Global Payments Inc. announced the appointment of Cameron Bready as President and Chief Executive Officer, succeeding Jeffrey S. Sloan. Additionally, the company announced the election of Cameron Bready and Paul R. Garcia to its Board of Directors. The company also disclosed compensatory arrangements for certain officers.

Why It Matters

This filing marks a significant leadership change at Global Payments Inc., with a new CEO taking the helm and new directors joining the board, which could signal shifts in company strategy and operations.

Risk Assessment

Risk Level: medium — Leadership transitions and board changes can introduce uncertainty regarding future strategy and execution, potentially impacting the company's performance.

Key Players & Entities

• Global Payments Inc. (company) — Registrant
• Cameron Bready (person) — Appointed President and CEO, Elected to Board of Directors
• Jeffrey S. Sloan (person) — Succeeded as CEO
• Paul R. Garcia (person) — Elected to Board of Directors
• July 31, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $775,000 — for Mr. Cortopassi: (i) base salary of $775,000; (ii) a target bonus of 125% of his bas
• $5,000,000 — g an aggregate grant date fair value of $5,000,000; and (iv) an initial one-time equity gr
• $2,350,000 — ions) having a grant date fair value of $2,350,000. On August 1, 2024, the Company enter

Filing Documents

• gpn-20240731.htm (8-K) — 42KB
• exhibit101employmentagreem.htm (EX-10) — 215KB
• exhibit991pressreleasebygl.htm (EX-99) — 8KB
• gpn-20240731_g1.jpg (GRAPHIC) — 1162KB
• image_0a.jpg (GRAPHIC) — 15KB
• 0001123360-24-000021.txt ( ) — 3328KB
• gpn-20240731.xsd (EX-101.SCH) — 3KB
• gpn-20240731_def.xml (EX-101.DEF) — 15KB
• gpn-20240731_lab.xml (EX-101.LAB) — 27KB
• gpn-20240731_pre.xml (EX-101.PRE) — 16KB
• gpn-20240731_htm.xml (XML) — 4KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On August 6, 2024, the Company issued a press release announcing the appointment of Mr. Cortopassi as President and Chief Operating Officer, effective immediately. A copy of the press release is being furnished as Exhibit 99.1 and is incorporated herein by reference. The information in this Item 7.01 of this Current Report on Form 8-K is being "furnished" and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), and shall not be incorporated or deemed to be incorporated by reference into any filing by the Company under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language contained in such filing, unless otherwise expressly stated in such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Exhibit Title or Description 10.1+ Employment Agreement, dated as of August 1, 2024, by and between Global Payments Inc. and Robert Cortopassi 99.1 Press Release by Global Payments Inc., dated August 6, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) ______________________ + Management contract or compensatory plan or arrangement.

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. GLOBAL PAYMENTS INC. Date: August 6, 2024 By: /s/ Dara Steele-Belkin Dara Steele-Belkin General Counsel and Corporate Secretary