On September 24, 2019, Accenture plc (the “Company”) issued a news release announcing that Simon Eaves, who currently leads both growth and strategy and global sales for Accenture’s Products operating group, has been appointed as the Company’s group chief executive — Products, effective October 1, 2019, succeeding Alexander van ’t Noordende, who will remain with the Company through December 31, 2019.

In recognition of Mr. van ’t Noordende’s significant contributions during his 32-year career with the Company, the Compensation Committee of the Company’s Board of Directors (the “Committee”) determined to waive the remaining service-based vesting conditions for a portion of Mr. van ’t Noordende’s previously granted outstanding equity awards. These waivers will apply to 6,935 time-vesting restricted share units that were granted under the Company’s Performance Equity Award Program and Voluntary Equity Investment Program and 11,771 performance-vesting restricted share units (assuming target performance) granted under the 2018 and 2019 Key Executive Performance Share Programs that are not otherwise scheduled to vest on or following his retirement. Although the Committee waived the remaining service-based vesting conditions for the awards under the Key Executive Performance Share Programs, the vesting for each award will occur only to the extent that the Company’s performance objectives are met over the three-year performance period for each award, with the actual number of shares (which may be below, at or above target) determined based on Accenture’s cumulative performance over the relevant performance period.

A copy of the Company’s news release is attached to this Current Report on Form 8-K as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Accenture plc Exhibit
EX-99 2 september2420198-kexhibit.htm NEWS RELEASE OF ACCENTURE,…
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About Accenture plc (NYSE:ACN)

Accenture plc is a professional services company serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets. The Company provides management and technology consulting services. Its segments include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources. The Communications, Media & Technology segment serves communications, electronics, technology, media and entertainment industries. The Financial Services segment serves banking, capital markets and insurance industries. The Health & Public service segment serves healthcare payers and providers, and government departments and agencies, public service organizations, educational institutions and non-profit organizations. The Products segment serves a set of interconnected consumer-relevant industries. The Resources segment serves chemicals, energy, forest products, metals and mining, utilities and related industries.