Deluxe Corp Appoints New CFO, Chris Lenton
Ticker: DLX · Form: 8-K · Filed: Aug 15, 2024 · CIK: 27996
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
Related Tickers: DLX
TL;DR
Deluxe Corp just hired Chris Lenton as their new CFO, starting today. Big changes ahead?
AI Summary
On August 13, 2024, Deluxe Corporation announced changes in its executive leadership. The company appointed Christopher J. "Chris" Lenton as the new Executive Vice President and Chief Financial Officer, effective August 13, 2024. Lenton will receive an annual base salary of $475,000 and is eligible for a discretionary annual bonus with a target of 75% of his base salary.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact investor confidence and the company's financial strategy moving forward.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategies and performance.
Key Numbers
- $475,000 — New CFO Base Salary (Annual compensation for Christopher J. Lenton.)
- 75% — New CFO Bonus Target (Potential bonus percentage for Christopher J. Lenton.)
Key Players & Entities
- Deluxe Corporation (company) — The company filing the report.
- Christopher J. Lenton (person) — Newly appointed Executive Vice President and Chief Financial Officer.
- Chris Lenton (person) — Nickname for the newly appointed Executive Vice President and Chief Financial Officer.
- $475,000 (dollar_amount) — Annual base salary for the new CFO.
- 75% (dollar_amount) — Target percentage for the new CFO's annual bonus.
- August 13, 2024 (date) — Effective date of the new CFO's appointment.
FAQ
Who has been appointed as the new Executive Vice President and Chief Financial Officer of Deluxe Corporation?
Christopher J. Lenton has been appointed as the new Executive Vice President and Chief Financial Officer of Deluxe Corporation.
When is the effective date for Christopher J. Lenton's appointment?
The appointment of Christopher J. Lenton is effective August 13, 2024.
What is the annual base salary for the new CFO, Christopher J. Lenton?
The annual base salary for Christopher J. Lenton is $475,000.
What is the target bonus percentage for Christopher J. Lenton?
Christopher J. Lenton is eligible for a discretionary annual bonus with a target of 75% of his base salary.
What other executive changes or compensatory arrangements were disclosed in this filing?
This filing primarily details the appointment of Christopher J. Lenton as CFO and his compensation, along with general information about the departure of directors or certain officers and compensatory arrangements of certain officers.
Filing Stats: 818 words · 3 min read · ~3 pages · Grade level 11.1 · Accepted 2024-08-15 17:05:55
Key Financial Figures
- $1.00 — ich registered Common stock, par value $1.00 per share DLX NYSE Indicate by check
- $120,000 — grant date fair value of approximately $120,000, which will vest on the first anniversa
Filing Documents
- dlx-20240813.htm (8-K) — 30KB
- exhibit991081320248-k.htm (EX-99.1) — 10KB
- a1-memochevronsa.jpg (GRAPHIC) — 21KB
- deluxelogo2020ba01a.jpg (GRAPHIC) — 30KB
- 0000027996-24-000148.txt ( ) — 232KB
- dlx-20240813.xsd (EX-101.SCH) — 2KB
- dlx-20240813_lab.xml (EX-101.LAB) — 21KB
- dlx-20240813_pre.xml (EX-101.PRE) — 12KB
- dlx-20240813_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. A copy of the Company's press release announcing the election of Ms. Brown to the Board is furnished herewith as Exhibit 99.1. 2 Section 9 - Financial Statements and Exhibits
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press Release, dated August 15, 2024, of Deluxe Corporation 101.INS XBRL Instance Document – the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document 101.SCH XBRL Taxonomy Extension Schema Document 101.LAB XBRL Taxonomy Extension Label Linkbase Document 101.PRE XBRL Taxonomy Extension Presentation Linkbase Document 104 Cover page interactive data file (formatted as Inline XBRL and contained in Exhibit 101) 3
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. Date: August 15, 2024 DELUXE CORPORATION /s/ Jeffrey L. Cotter Jeffrey L. Cotter Senior Vice President, Chief Administrative Officer and General Counsel 4