Canadian Pacific Railway Limited (TSE:CP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ITEM 5.02.
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Compensatory Arrangements of Certain Officers.
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Railway Limited (the Company) approved an increase in the
compensation of Mr. Nadeem Velani, Vice-President and Chief
Financial Officer of the Company. Mr. Velanis base salary will
increase to $460,000, his target award level under the Companys
short term incentive plan will increase to 75% of his base
salary, and his long term incentive opportunity will increase to
225% of his base salary. The value of Mr. Velanis total
compensation package is expected to increase to $1,840,000
annually.
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Exhibit No.
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Exhibit Description
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Exhibit 10.1
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Compensation letter dated February 14, 2017, between
the Company and Nadeem Velani. |
About Canadian Pacific Railway Limited (TSE:CP)
Canadian Pacific Railway Limited (CP), together with its subsidiaries, operates a transcontinental railway in Canada and the United States. The Company operates in rail transportation segment. The Company’s business mix includes bulk commodities, merchandise freight and intermodal traffic over a network of approximately 12,500 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia, and the United States Northeast and Midwest regions. The Company transports bulk commodities, merchandise freight and intermodal traffic. Bulk commodities include Canadian grain, U.S. grain, coal, potash, and fertilizers and sulfur. Merchandise freight consists of finished vehicles and automotive parts, as well as forest and industrial and consumer products. Intermodal traffic consists of retail goods in overseas containers that can be transported by train, ship and truck and in domestic containers and trailers that can be moved by train and truck. Canadian Pacific Railway Limited (TSE:CP) Recent Trading Information
Canadian Pacific Railway Limited (TSE:CP) closed its last trading session up +3.38 at 199.27 with 266,259 shares trading hands.