Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As of September 1, 2020, Mr. Freund's annual base salary is $450,000, with a
target bonus percentage under the Company's annual cash incentive program of
37.5% of his base salary. In addition, Mr. Freund received the following equity
grants in 2020: $880,000 (grant date value) in performance-based restricted
stock that vest upon achievement of performance metrics and service
requirements; and $1,000,000 (grant date value) in time-based stock options that
vest ratably.
Effective September 1, 2020, the Company appointed Alissa B. Vickery as Chief
Accounting Officer. Ms. Vickery, age 42, joined FLEETCOR in April 2011 and also
serves as the Company's Senior Vice President of Accounting and Controls, with
oversight of external reporting, technical accounting and internal audit. Prior
to joining FLEETCOR, Ms. Vickery held a senior position at Worldpay and spent
more than nine years in public accounting at Deloitte LLP and Arthur Andersen
LLP in the audit and assurance practice. She is a Certified Public Accountant
and holds a Bachelors of Business Administration and Masters of Accountancy from
the University of Georgia.
Ms. Vickery's annual base salary is $225,000, with a target bonus percentage
under the Company's annual cash incentive program of 15% of her base salary. In
addition, Ms. Vickery received the following equity grants in 2020: $115,000
(grant date value) in performance-based restricted stock that vest upon
achievement of performance metrics and service requirements; and $250,000 (grant
date value) in time-based stock options that vest ratably.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Charles R. Freund Offer Letter.
104 Cover Page Interactive Data File (formatted as Inline XBRL)
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