Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Departure of Randall A. Wotring as Chief Operating Officer of the Company
On October 2, 2020, AECOM (the "Company") the Company and Randall A. Wotring
mutually agreed that Mr. Wotring will resign from his position as Chief
Operating Officer of the Company immediately, after which time he will serve in
a non-executive officer capacity as Senior Advisor to the Chief Executive
Officer until his retirement from the Company on December 31, 2020. In
connection therewith, Mr. Wotring is eligible to receive the following
compensation and benefits in accordance with the Company's Senior Leadership
Severance Plan: (i) a lump sum payment equal to his annual base salary; (ii) a
prorated annual incentive award payment for fiscal year 2021; (iii) a lump sum
payment in respect of the monthly employer portion of healthcare premiums
multiplied by 12; and (iv) 12 months of additional service vesting credit for
purposes of his outstanding equity awards. Mr. Wotring's receipt of the
foregoing compensation and benefits is subject to his execution of a separation
and release agreement containing a general release of claims in favor of the
Company as well as customary restrictive covenants, including obligations with
respect to confidentiality and restrictions on soliciting the Company's
employees and customers.
Departure of Steve Morriss as Group President, Design and Consulting Services -
Americas of the Company
On October 2, 2020, the Company and Steve Morriss mutually agreed that Mr.
Morriss will resign from his position as Group President, Design and Consulting
Services - Americas of the Company effective immediately. Mr. Morriss may
continue to provide transition-related services to the Company under a
short-term consulting arrangement on a month-to-month retainer at a pro rata
monthly rate calculated based on his current base salary. In connection
therewith, Mr. Morriss is eligible to receive the following compensation and
benefits in accordance with the Company's Senior Leadership Severance Plan: (i)
a lump sum payment equal to his annual base salary; (ii) an annual incentive
award payment for fiscal year 2020; (iii) a lump sum payment in respect of the
monthly employer portion of healthcare premiums multiplied by 12; and (iv) 12
months of additional service vesting credit for purposes of his outstanding
equity awards. Mr. Morriss' receipt of the foregoing compensation and benefits
is subject to his execution of a separation and release agreement containing a
general release of claims in favor of the Company as well as customary
restrictive covenants, including obligations with respect to confidentiality and
restrictions on soliciting the Company's employees and customers.
Item 8.01. Other Information.
On October 5, 2020, the Company issued a press release announcing the matters
described in Item 5.02. A copy of the press release is attached as Exhibit 99.1
and is incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1 Press Release, dated October 5, 2020
104 Cover Page Interactive Data File (formatted as Inline XBRL)
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