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MarketScreener Homepage  >  Equities  >  Nyse  >  Peabody Energy Corporation    BTU

PEABODY ENERGY CORPORATION

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PEABODY ENERGY CORP : Change in Directors or Principal Officers (form 8-K)

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09/14/2020 | 09:03am EDT

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

Appointment of Certain Officers; Compensatory Arrangements of Certain

Officers.

On September 8, 2020, the employment of Charles F. Meintjes, the Executive Vice President and Chief Operating Officer of Peabody Energy Corporation (the "Company"), was terminated, effective as of September 18, 2020, when Mr. Meintjes will leave the Company to pursue other interests.

"Charles joined Peabody in 2007 and has been a valued contributor for many years. I'd personally like to thank Charles for these contributions and wish him well in future endeavors," said Peabody President and CEO Glenn Kellow.

Mr. Meintjes' separation from the Company constitutes a termination "without cause" as defined under that certain participation agreement, dated as of February 22, 2019, as amended, between the Company and Mr. Meintjes under the Peabody Energy Corporation 2019 Executive Severance Plan (the "Severance Plan"). In lieu of the 90-day notice period required to terminate Mr. Meintjes' employment under the Severance Plan, the Company will pay Mr. Meintjes a lump sum in lieu of notice in the amount of $133,700. Mr. Meintjes' termination did not result from a disagreement with the Company on any matter relating to the Company's operations, policies or practices, including its controls or financial related matters.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses


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Financials (USD)
Sales 2020 3 194 M - -
Net income 2020 -1 403 M - -
Net Debt 2020 597 M - -
P/E ratio 2020 -0,08x
Yield 2020 -
Capitalization 125 M 125 M -
EV / Sales 2020 0,23x
EV / Sales 2021 0,16x
Nbr of Employees 6 600
Free-Float 68,7%
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Mean consensus HOLD
Number of Analysts 6
Average target price 2,90 $
Last Close Price 1,30 $
Spread / Highest target 131%
Spread / Average Target 123%
Spread / Lowest Target 92,3%
EPS Revisions
Managers
NameTitle
Glenn L. Kellow President, Chief Executive Officer & Director
Marc Hathhorn President-Australia Operations
Robert A. Malone Non-Executive Chairman
Mark A. Spurbeck Executive VP, Chief Financial & Accounting Officer
Michael W. Sutherlin Independent Director
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