Booz Allen Hamilton Appoints New CFO, Details Compensation

TL;DR

Booz Allen Hamilton names Christopher Lynch new CFO, starting Dec 2nd. He's getting $550k base, 100% bonus target, $1.5M LTI, and a $500k sign-on.

AI Summary

Booz Allen Hamilton Holding Corp. announced on November 21, 2024, the appointment of Christopher L. Lynch as Senior Vice President and Chief Financial Officer, effective December 2, 2024. Lynch will receive an annual base salary of $550,000, a target annual bonus of 100% of his base salary, and a long-term incentive award with a target value of $1,500,000. He will also receive a one-time sign-on bonus of $500,000.

Why It Matters

The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence. The disclosed compensation package provides insight into the company's valuation of key executive talent.

Risk Assessment

Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategies and performance.

Key Numbers

• $550,000 — CFO Base Salary (Annual compensation for Christopher L. Lynch)
• 100% — CFO Bonus Target (Potential annual bonus for Christopher L. Lynch)
• $1,500,000 — CFO LTI Target (Long-term incentive award for Christopher L. Lynch)
• $500,000 — CFO Sign-on Bonus (One-time bonus for Christopher L. Lynch)

Key Players & Entities

• Booz Allen Hamilton Holding Corp. (company) — Registrant
• Christopher L. Lynch (person) — Appointed Senior Vice President and Chief Financial Officer
• $550,000 (dollar_amount) — Annual base salary for new CFO
• 100% (dollar_amount) — Target annual bonus percentage for new CFO
• $1,500,000 (dollar_amount) — Target long-term incentive award value for new CFO
• $500,000 (dollar_amount) — One-time sign-on bonus for new CFO
• December 2, 2024 (date) — Effective date for new CFO

FAQ

From the Filing

0001443646-24-000216.txt : 20241121 0001443646-24-000216.hdr.sgml : 20241121 20241121163338 ACCESSION NUMBER: 0001443646-24-000216 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20241121 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241121 DATE AS OF CHANGE: 20241121 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Booz Allen Hamilton Holding Corp CENTRAL INDEX KEY: 0001443646 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MANAGEMENT CONSULTING SERVICES [8742] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34972 FILM NUMBER: 241484945 BUSINESS ADDRESS: STREET 1: 8283 GREENSBORO DRIVE CITY: MCLEAN STATE: VA ZIP: 22102 BUSINESS PHONE: 703-902-5000 MAIL ADDRESS: STREET 1: 8283 GREENSBORO DRIVE CITY: MCLEAN STATE: VA ZIP: 22102 FORMER COMPANY: FORMER CONFORMED NAME: EXPLORER HOLDING CORP DATE OF NAME CHANGE: 20080821 8-K 1 bah-20241121.htm 8-K bah-20241121 0001443646 False 0001443646 2024-02-28 2024-02-28 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________________  FORM 8-K  ___________________________________     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 21, 2024 ( November 21, 2024 ) ___________________________________   Booz Allen Hamilton Holding Corporation (Exact name of Registrant as specified in its charter)   ___________________________________     Delaware   001-34972   26-2634160 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.) 8283 Greensboro Drive, McLean, Virginia   22102 (Address of principal executive offices)   (Zip Code) Registrant’s telephone number, including area code: (703)   902-5000   ___________________________________   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol Name of Each Exchange on Which Registered Class A Common Stock BAH New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐ Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Effective as of January 2, 2025, the Board of Directors (the “Board”) of Booz Allen Hamilton Holding Corporation (the “Company”), upon the recommendation of the Company’s Nominating