Financial Engines, Inc. (NASDAQ:FNGN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
(b)
On December14, 2017, Jeffrey C. Grace notified the Secretary of Financial Engines, Inc. (the “Company”) of his intention to resign from his position as Vice President, Controller and Chief Accounting Officer (principal accounting officer) at the end of February 2018. Mr.Grace has agreed to remain at the Company for a transition period into 2018 and as such, will be entitled to his salary, amounts under the 2017 Executive Cash Incentive Plan, and continued vesting of his equity awards, in each case as applicable and in accordance with the terms as previously disclosed. Mr.Grace’s resignation is not the result of any disagreement with the Company on any matter relating to operations, policies, or practices.
On December20, 2017, the Board of Directors of the Company determined that Mr.Grace shall cease to be the Chief Accounting Officer and a Section16 executive officer, effective December31, 2017, and appointed Mr.CraigL. Foster, the Company’s Chief Financial Officer, as the Company’s Chief Accounting Officer, effective January1, 2018.
(e)
The information set forth in (b)above with respect to compensation to be received by Mr.Grace is incorporated herein by reference.
| Item 5.02 | Regulation FD Disclosure. |
The information in this Current Report on Form 8-K under Item 5.02 is being furnished and shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The information in this Current Report on Form 8-K shall not be incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
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About Financial Engines, Inc. (NASDAQ:FNGN)
Financial Engines, Inc. provides independent, technology-enabled portfolio management services, investment advice and retirement income services to participants in employer-sponsored defined contribution plans, such as 401(k) plans. The Company offers personalized plans for saving, investing, and generating retirement income, as well as by providing assessments of retirement income needs and readiness. It uses its advice technology platform to provide its services to millions of retirement plan participants. Its target over three constituencies in the retirement plan market, including plan participants (employees of companies offering 401(k) plans), plan sponsors (employers offering 401(k) plans to their employees) and plan providers (companies providing administrative services to plan sponsors). It offers Financial Engines Income+, which prepares a portfolio to generate income in retirement, and calculates and facilitates the payment of steady recurring payouts throughout retirement.