Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On September 15, 2021, Veritiv Corporation (the "Company") entered into a
Separation Agreement with Tracy L. Pearson, former Senior Vice President -
Supply Chain Operations for the Company (the "Separation Agreement"). Pursuant
to the terms of the Separation Agreement, Ms. Pearson will be paid the
compensation and benefits described therein, including: (i) the compensation and
benefits set forth in Section 4(a) of the Company's Executive Severance Plan
arising from a Qualified Termination not in connection with a Change in Control
(as such terms are defined in the Executive Severance Plan); (ii) a 2021 Annual
Incentive Plan bonus; and (iii) a one-time lump sum cash payment of $240,000.
The Separation Agreement also includes and references customary releases,
representations, restrictive covenants, non-disparagement and confidentiality
provisions.
The foregoing description is not a complete description of the Separation
Agreement and is qualified in its entirety by reference to the full text of the
Separation Agreement, a copy of which is attached hereto as Exhibit 10.1 and
incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The following exhibits are filed with this report:
Exhibit No. Exhibit Description
Separation Agreement, dated as of September 15, 2021, by and between
10.1 Veritiv Operating Company and Tracy L. Pearson
Cover Page Interactive Data File (embedded within the Inline XBRL
104 document)
© Edgar Online, source Glimpses