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MarketScreener Homepage  >  Equities  >  Nyse  >  MSCI, Inc.    MSCI


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MSCI : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K/A)

10/07/2020 | 05:01pm EST

Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 5, 2020, the Company entered into a Change of Employment Status and Release Agreement (the "Agreement") with Ms. Huber, pursuant to which Ms. Huber will remain employed in a non-executive capacity with the Company for a transition period ending on December 31, 2020, during which period she will continue to receive her current base salary and will continue to be eligible to participate in the Company's employee benefit programs.

Ms. Huber will receive the departure benefits set forth in her existing offer letter with the Company, dated April 17, 2019. Pursuant to the existing terms of Ms. Huber's equity award agreements, a pro rata portion of her unvested restricted stock units ("RSUs") and performance stock units ("PSUs") granted with a three-year performance period ("3-Year PSUs") that are outstanding under the MSCI Inc. 2016 Omnibus Incentive Plan will continue to vest based on the portion of the applicable vesting period during which she was employed by the Company (and, in the case of the 3-Year PSUs, subject to achievement of the applicable performance conditions). Any outstanding PSUs held by Ms. Huber that were granted with a five-year performance period will be forfeited in their entirety in accordance with their existing terms.

The above described payments and benefits are subject to the terms of the Agreement, including a general release of claims in favor of the Company, as well as certain confidentiality, non-disparagement, non-competition and non-solicitation restrictive covenants.

The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, a copy of which is filed herewith as Exhibit 10.1 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.    Description
Exhibit 10.1     Change of Employment Status and Release Agreement, entered into on
               October 5, 2020, between MSCI Inc. and Linda S. Huber
Exhibit 104    Cover Page Interactive Data File (embedded in the cover page formatted
               in Inline XBRL).


© Edgar Online, source Glimpses

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