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)

© Edgar Online, source Glimpses