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 Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Item 8.01. Other Events.

On February 21, 2018, the Company issued a press release announcing that Sankar S. (Raj) Nair had separated from the Company, a copy of which is attached as Exhibit 99.1 hereto and incorporated by reference. On February 21, 2018, the Company entered a Separation and Waiver Agreement with Mr. Nair regarding the terms of his separation from the Company (the “Separation Agreement”).

to the Separation Agreement, Mr. Nair is entitled to retirement benefits under the Company’s Select Retirement Plan (“SRP”) and he will continue to receive healthcare benefits. Mr. Nair will not receive an award under the Company’s Annual Incentive Compensation Plan for the 2017 and 2018 performance periods and the following equity-based awards granted to Mr. Nair will be canceled: outstanding unvested time-based restricted stock units, performance-based restricted stock units that are still in their performance periods, any final award for the 2015-2017 performance-based restricted stock unit grant, and unexercised stock options. In return for receiving retirement benefits under the SRP and the other benefits described above, Mr. Nair agrees to a standard waiver of claims against the Company, to cooperate with any future Company investigations and litigation of which he can provide assistance, and a two year non-compete agreement.

In addition, the Company issued a press release on February 22, 2018 announcing several executive appointments, including that John T. Lawler, presently Vice President Controller and Chief Financial Officer, Global Markets, is appointed Vice President, Strategy effective March 1, 2018. Cathy O’Callaghan, currently Chief Financial Officer, South America is appointed Vice President and Controller effective June 1, 2018. Mr. Lawler will retain the duties of Controller until June 1, 2018. The Company's press release is attached to this Report as Exhibit 99.2 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

EXHIBITS*

FORD MOTOR CO Exhibit
EX-99 2 a02212018newsrelease.htm EXHIBIT 99.1 a02212018newsrelease NEWS For news releases,…
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.