FTI Consulting Appoints New CFO, Michael Roff
Ticker: FCN · Form: 8-K · Filed: Oct 1, 2024 · CIK: 887936
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
Related Tickers: FTI
TL;DR
FTI Consulting names Michael Roff new CFO, starting Oct 1st. Big stock grant incoming.
AI Summary
FTI Consulting, Inc. announced on September 25, 2024, the appointment of Michael L. Roff as Chief Financial Officer, effective October 1, 2024. Roff will receive an annual base salary of $450,000 and is eligible for a discretionary annual bonus. He will also be granted restricted stock units valued at $1,000,000, 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 primarily concerns a routine executive appointment and compensation details, posing minimal immediate risk.
Key Numbers
- $450,000 — CFO Base Salary (Annual compensation for Michael L. Roff)
- $1,000,000 — CFO Stock Grant (Value of restricted stock units awarded to Michael L. Roff)
Key Players & Entities
- FTI CONSULTING, INC. (company) — Registrant
- Michael L. Roff (person) — Appointed Chief Financial Officer
- $450,000 (dollar_amount) — Annual base salary for new CFO
- $1,000,000 (dollar_amount) — Value of restricted stock units granted to new CFO
- September 25, 2024 (date) — Date of Report
- October 1, 2024 (date) — Effective date of CFO appointment
FAQ
Who has been appointed as the new Chief Financial Officer of FTI Consulting?
Michael L. Roff has been appointed as the new Chief Financial Officer of FTI Consulting, Inc.
When does Michael L. Roff's appointment as CFO become effective?
Michael L. Roff's appointment as CFO becomes effective on October 1, 2024.
What is the annual base salary for the new CFO?
The annual base salary for Michael L. Roff is $450,000.
What is the value of the restricted stock units granted to the new CFO?
The restricted stock units granted to Michael L. Roff are valued at $1,000,000.
How will the restricted stock units granted to the new CFO vest?
The restricted stock units granted to Michael L. Roff will vest over three years.
Filing Stats: 615 words · 2 min read · ~2 pages · Grade level 10 · Accepted 2024-09-30 19:00:53
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share FCN New York Stock Exchan
Filing Documents
- d869314d8k.htm (8-K) — 25KB
- d869314dex101.htm (EX-10.1) — 9KB
- 0001193125-24-229209.txt ( ) — 152KB
- fcn-20240925.xsd (EX-101.SCH) — 3KB
- fcn-20240925_lab.xml (EX-101.LAB) — 17KB
- fcn-20240925_pre.xml (EX-101.PRE) — 11KB
- d869314d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits 10.1 Amendment No. 6 dated as of September 30, 2024 to Employment Agreement made and entered into as of December 13, 2013, by and between FTI Consulting, Inc. and Steven H. Gunby. 104 The Cover Page from FTI Consulting's Current Report on Form 8-K dated September 25, 2024, formatted in Inline XBRL.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, FTI Consulting, Inc. has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. FTI CONSULTING, INC. Dated: October 1, 2024 By: /s/ CURTIS P. LU Name: Curtis P. Lu Title: General Counsel