SERVICEMASTER GLOBAL HOLDINGS,INC. (NYSE:SERV) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 30, 2016, ServiceMaster Global Holdings, Inc. (the “Company”) announced a pair of key promotions involving members of its corporate executive team. Effective as of November 30, 2016, Mary Kay Wegner will assume the responsibilities of President, Franchise Services Group and Martin Wick will assume the responsibilities of Chief Operating Officer, Terminix. ServiceMaster’s CEO Rob Gillette will continue to lead the Terminix business unit, which he has done since August 15, 2016. Ms. Wegner previously served as Senior Vice President, Service and Operations, Terminix and Mr. Wick previously served as President, Franchise Services Group. In their new roles, Ms. Wegner will have an annual base salary of $425,000 with a target bonus of 65% of her base salary, and Mr. Wick will have an annual base salary of $410,000. Mr. Wick’s target bonus remains at 65% of his base salary. On November 29, 2016, Ms. Wegner and Mr. Wick were each granted 6,454 restricted stock units, which shall vest ratably on the first, second and third anniversaries of the grant date, subject to continued employment with the Company.
About SERVICEMASTER GLOBAL HOLDINGS, INC. (NYSE:SERV)
ServiceMaster Global Holdings, Inc. is a holding company. The Company is a provider of essential residential and commercial services. Its services include termite and pest control, home warranties, disaster restoration, janitorial, residential cleaning, furniture repair and home inspection. The Company operates through three segments: Terminix, American Home Shield and the Franchise Services Group. The Terminix segment provides termite and pest control services to residential and commercial customers and distributes pest control products. Terminix specializes in protection against termite damage, rodents, insects and other pests. The American Home Shield segment provides home warranties for household systems and appliances. The Company’s Franchise Services Group segment consists of the ServiceMaster Restore (disaster restoration), ServiceMaster Clean (janitorial), Merry Maids (residential cleaning), Furniture Medic (furniture repair) and AmeriSpec (home inspection) businesses. SERVICEMASTER GLOBAL HOLDINGS, INC. (NYSE:SERV) Recent Trading Information
SERVICEMASTER GLOBAL HOLDINGS, INC. (NYSE:SERV) closed its last trading session down -0.50 at 38.22 with 895,127 shares trading hands.
