SCI Appoints New Senior VP & CAO, Robert L. Sh뭘
Ticker: SCI · Form: 8-K · Filed: Oct 1, 2024 · CIK: 89089
Sentiment: neutral
Topics: executive-appointment, compensation
TL;DR
SCI names Robert L. Sh 뭘 as new CAO, starting Oct 1st with $325k salary + $500k stock.
AI Summary
Service Corporation International (SCI) announced on September 30, 2024, the appointment of Robert L. Sh뭘 as Senior Vice President, Chief Accounting Officer, and Corporate Controller, effective October 1, 2024. Sh뭘 will receive an annual base salary of $325,000 and is eligible for the company's annual incentive plan. He will also receive a one-time grant of restricted stock units valued at $500,000.
Why It Matters
The appointment of a new Chief Accounting Officer is a key leadership change that impacts financial reporting and oversight. Investors will monitor Sh 뭘's performance and adherence to accounting standards.
Risk Assessment
Risk Level: low — This filing primarily concerns a routine executive appointment and compensation, which typically carries low risk.
Key Numbers
- $325,000 — Annual Base Salary (For new Senior VP & CAO, Robert L. Sh 뭘)
- $500,000 — Restricted Stock Units (One-time grant value for Robert L. Sh 뭘)
Key Players & Entities
- Service Corporation International (company) — Registrant
- Robert L. Sh 뭘 (person) — Appointed Senior Vice President, Chief Accounting Officer, and Corporate Controller
- $325,000 (dollar_amount) — Annual base salary for Robert L. Sh 뭘
- $500,000 (dollar_amount) — Value of restricted stock units granted to Robert L. Sh 뭘
- October 1, 2024 (date) — Effective date of Robert L. Sh 뭘's appointment
- September 30, 2024 (date) — Date of the report
FAQ
What is Robert L. Sh 뭘's new role at Service Corporation International?
Robert L. Sh 뭘 has been appointed Senior Vice President, Chief Accounting Officer, and Corporate Controller.
When does Robert L. Sh 뭘's appointment become effective?
The appointment is effective October 1, 2024.
What is Robert L. Sh 뭘's annual base salary?
Robert L. Sh 뭘's annual base salary is $325,000.
What additional compensation is Robert L. Sh 뭘 receiving?
He is eligible for the company's annual incentive plan and will receive a one-time grant of restricted stock units valued at $500,000.
What is the filing date of this 8-K report?
The report was filed on October 1, 2024, with the earliest event reported being September 30, 2024.
Filing Stats: 975 words · 4 min read · ~3 pages · Grade level 11.1 · Accepted 2024-10-01 16:48:24
Key Financial Figures
- $1 — ange on which registered Common Stock ($1 par value) SCI New York Stock Exchange
- $150,000 — ubsidiary of SCI. Rent in the amount of $150,000 was paid pursuant to those leases year-
Filing Documents
- sci-20240930.htm (8-K) — 35KB
- ex99leadershipchangepressr.htm (EX-99.1) — 12KB
- sci-20240930_g1.jpg (GRAPHIC) — 6KB
- sci_symbolxnavy.jpg (GRAPHIC) — 717KB
- 0000089089-24-000161.txt ( ) — 1196KB
- sci-20240930.xsd (EX-101.SCH) — 2KB
- sci-20240930_def.xml (EX-101.DEF) — 14KB
- sci-20240930_lab.xml (EX-101.LAB) — 25KB
- sci-20240930_pre.xml (EX-101.PRE) — 15KB
- sci-20240930_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) The following exhibits are included with this report Exhibit No. Description 99.1 Service Corporation International Press Release, dated October 1, 2024 104 Interactive data file. 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. October 1, 2024 Service Corporation International By: /s/ LORI SPILDE Lori Spilde Senior Vice President General Counsel and Secretary