FORD MOTOR COMPANY (NYSE:F) 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.
On February 7, 2018, the Compensation Committee of the Board of Directors (the “Compensation Committee”) of Ford Motor Company (“Ford” or “Company”) approved, effective as of January 1, 2018, the amendment and restatement of the following Ford benefit plans: Executive Separation Allowance Plan (“ESAP”), Benefit Equalization Plan (“BEP”), Defined Benefit Supplemental Executive Retirement Plan (“DB SERP”), and Select Retirement Plan (“SRP”).
Effective December 31, 2019, the amended plans will have a 35-year limit for service and pay for purposes of determining the benefits from each respective plan.
The amended and restated ESAP, BEP, DB SERP, and SRP are attached hereto as Exhibits 10.1, 10.2, 10.3, and 10.4, respectively, and are incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
EXHIBITS
|
Designation |
Description |
Method of Filing |
|
Executive Separation Allowance Plan, as amended |
Filed with this Report |
|
|
and restated effective as of January 1, 2018 |
||
|
Benefit Equalization Plan, as amended and restated |
Filed with this Report |
|
|
effective as of January 1, 2018 |
||
|
Defined Benefit Supplemental Executive Retirement |
Filed with this Report |
|
|
Plan, as amended and restated effective as of |
||
|
January 1, 2018 |
||
|
Select Retirement Plan, as amended and restated |
Filed with this Report |
|
|
effective as of January 1, 2018 |
FORD MOTOR CO ExhibitEX-10.1 2 exhibit101-x2018esapxresta.htm EXHIBIT 10.1 Exhibit Exhibit 10.1FORD MOTOR COMPANYEXECUTIVE SEPARATION ALLOWANCE PLAN(Amended and Restated Effective as of January 1,…To view the full exhibit click here
About FORD MOTOR COMPANY (NYSE:F)
Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services. The Automotive sector includes North America, South America, Europe, Middle East & Africa, and Asia Pacific segments. Its Financial Services sector includes Ford Credit and Other Financial Services segments. Its vehicle brands include Ford, Ford-Lincoln and Lincoln. The Other Financial Services segment includes holding companies, real estate, and the financing of some Volvo vehicles in Europe. The Company has over 70 plants across the world. Through its wholly owned subsidiary Ford Motor Credit Company LLC (Ford Credit), it provides automotive financing products to and through automotive dealers throughout the world.
