Goodyear CFO Stapleton's New Compensation Agreement
Ticker: GT · Form: 8-K · Filed: Jan 15, 2025 · CIK: 42582
Sentiment: neutral
Topics: executive-compensation, employment-agreement
Related Tickers: GT
TL;DR
Goodyear inked a new pay deal for CFO Mark Stapleton, effective Jan 11, 2025.
AI Summary
On January 11, 2025, The Goodyear Tire & Rubber Company (GT) announced changes in its executive compensation arrangements. Specifically, the company entered into a new employment agreement with its Chief Financial Officer, Mark R. Stapleton, effective January 11, 2025. This agreement outlines his new base salary, annual incentive opportunity, and long-term incentive awards.
Why It Matters
This filing details the updated compensation for Goodyear's CFO, providing transparency on executive pay and potential impacts on the company's financial structure.
Risk Assessment
Risk Level: low — The filing concerns executive compensation, which is a standard corporate disclosure and does not indicate immediate operational or financial distress.
Key Players & Entities
- The Goodyear Tire & Rubber Company (company) — Registrant
- Mark R. Stapleton (person) — Chief Financial Officer
- January 11, 2025 (date) — Effective date of employment agreement
FAQ
What is the effective date of Mark R. Stapleton's new employment agreement?
The new employment agreement for Mark R. Stapleton is effective January 11, 2025.
Who is the Chief Financial Officer of The Goodyear Tire & Rubber Company mentioned in this filing?
Mark R. Stapleton is the Chief Financial Officer of The Goodyear Tire & Rubber Company.
What type of compensation arrangements are detailed in this 8-K filing?
The filing details compensatory arrangements for certain officers, specifically focusing on the employment agreement for the Chief Financial Officer.
What is the principal executive office address for The Goodyear Tire & Rubber Company?
The principal executive offices are located at 200 Innovation Way, Akron, Ohio 44316-0001.
What is the SIC code for The Goodyear Tire & Rubber Company?
The Standard Industrial Classification (SIC) code for The Goodyear Tire & Rubber Company is 3011, which corresponds to Tires and Inner Tubes.
Filing Stats: 425 words · 2 min read · ~1 pages · Grade level 11.9 · Accepted 2025-01-15 16:31:34
Filing Documents
- d158028d8k.htm (8-K) — 22KB
- 0001193125-25-007060.txt ( ) — 137KB
- gt-20250111.xsd (EX-101.SCH) — 3KB
- gt-20250111_lab.xml (EX-101.LAB) — 17KB
- gt-20250111_pre.xml (EX-101.PRE) — 11KB
- d158028d8k_htm.xml (XML) — 3KB
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. THE GOODYEAR TIRE & RUBBER COMPANY Date: January 15, 2025 By: /s/ Daniel T. Young Daniel T. Young Secretary