DELUXE CORPORATION (NYSE:DLX) 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 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
Vice President and Chief Financial Officer (principal financial
officer), effective March 31, 2017. Mr. Bush has been
self-employed as a consultant to the airline industry from July
2016 through present. Prior to that, he was Sr. Vice President,
Finance at American Airlines from June 2009 through July 2016.
During the prior 12 years, Mr. Bush held various positions of
increasing responsibility in the finance function of Northwest
Airlines.
will be $475,000. He also will become party to the Companys
standard form of Executive Retention Agreement for senior vice
presidents. This agreement provides protection to executive
officers in the event their employment is terminated or otherwise
adversely affected following a Change of Control, as that term is
defined in the agreement. The terms of this agreement are
addressed more fully in the Companys most recent proxy statement,
and a complete copy of the agreement has previously been filed as
Exhibit 10.7 to the Companys Annual Report on Form 10-K for the
fiscal year ended December 31, 2016.
awards valued at $1,000,000 under the registrants 2012 Long-Term
Incentive Compensation Plan. The portion of such value granted as
performance shares (45%) will be valued based on the closing
price of the registrants common stock on March 31, 2017, and the
stock options (25%) and restricted stock awards (30%) will be
valued based on the respective grant date fair values on the same
date. The terms of this agreement are addressed more fully in the
Companys most recent proxy statement, and a complete copy of the
agreement has previously been filed as Exhibit 10.2 to the
Companys Annual Report on Form 10-K for the fiscal year ended
December 31, 2016.
executive officer of the Company.
appointment is attached as Exhibit 99.1 to this report.
announcing the naming of a new Chief Financial Officer, which
press release is furnished hereto as Exhibit 99.1.
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99.1
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Press Release, dated March 13, 2017, of Deluxe
Corporation announcing naming of Keith A. Bush as Chief Financial Officer, which shall be deemed furnished in connection with Item 7.01 hereof. |
About DELUXE CORPORATION (NYSE:DLX)
Deluxe Corporation provides payment solutions. The Company operates in three segments: Small Business Services segment, Financial Services segment and Direct Checks segment. Its Small Business Services segment offers services for marketing needs of small businesses, including Web design, hosting and other Web services; search engine optimization; marketing services, including e-mail, mobile, social media and other self-service marketing solutions; digital printing services, and logo design. Its Financial Services segment offers a suite of financial technology (FinTech) solutions focused on enabling financial institutions to manage the customer life cycle for their retail and commercial customers. Its Direct Checks segment is a direct-to-consumer check supplier, selling under various brand names, including Checks Unlimited, Designer Checks, Checks.com, Check Gallery, The Styles Check Company and Artistic Checks. DELUXE CORPORATION (NYSE:DLX) Recent Trading Information
DELUXE CORPORATION (NYSE:DLX) closed its last trading session up +0.03 at 74.10 with 170,439 shares trading hands.
