AECOM (NYSE:ACM) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ME Staff 8-k

7 years ago

AECOM (NYSE:ACM) 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.

Effective July, 1, 2017, the board of directors of AECOM (the Company) appointed Randall A. Wotring to serve as chief operating officer of the Company.

In addition, effective June 30, 2017, Stephen M. Kadenacy will cease serving as president and chief operating officer of the Company.

to the terms of a Separation and Release Agreement by Mr. Kadenacy, the Company has agreed to pay Mr. Kadenacy a lump sum severance payment of $2,623,906. In addition, under the terms of the Separation and Release Agreement, the Company accelerated the vesting of a pro-rata portion of Mr. Kadenacys Restricted Stock Unit (RSU) and Performance Earnings Program (PEP) awards granted under the Companys 2006 Stock Incentive Plan (proration based on the number of months employed during the relevant vesting periods and, for PEP awards, taking into account actual Company performance relative to the applicable performance criteria through the date of termination). to this provision, Mr. Kadenacy will receive a total of 154,450 shares of Company Common Stock currently subject to unvested RSU and PEP awards granted in fiscal years 2015 and 2016. The Separation and Release Agreement also includes a general release of claims in favor of the Company. The foregoing description of the Separation and Release Agreement is qualified in its entirety by reference to the full text of the agreement, which is filed as Exhibit 10.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

10.1 Separation and Release Agreement, dated June 27, 2017

AECOM ExhibitEX-10.1 2 a17-15817_1ex10d1.htm EX-10.1 Exhibit 10.1 AECOM 1999 Avenue of the Stars Suite 2600 Los Angeles,…To view the full exhibit click here About AECOM (NYSE:ACM)
AECOM is engaged in designing, building, financing and operating infrastructure assets for governments, businesses and organizations. The Company’s segments include design and consulting services (DCS), construction services (CS) and management services (MS). Its DCS segment is engaged in planning, consulting, architectural and engineering design services to commercial and government clients in major end markets, such as transportation, facilities, environmental, energy, water and government. Its CS segment is engaged in construction services, including building construction and energy, infrastructure and industrial construction, primarily in the Americas. Its MS segment is engaged in programming and facilitating management and maintenance, training, logistics, consulting, technical assistance, and systems integration and information technology services, primarily for agencies of the United States government and other national governments.