KEANE GROUP, INC. (NYSE:MO) 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.
Company or Keane) appointed Phung Ngo-Burns, age 51, as Chief
Accounting Officer of the Company (including as its Principal
Accounting Officer), effective as of her appointment on March 29,
2017. Previously, Mr. Brian Coe had served as the Company’s
principal accounting officer and will continue to serve in the
Company’s finance department as Treasurer.
with Alvarez and Marsal since 2012. From 2002 to 2012, Ms.
Ngo-Burns served as Chief Financial Officer of Ability Holdings,
Inc. and held several executive roles in the finance department of
ExpressJet Holdings, Inc., including as Executive Vice President
and Chief Financial Officer. Ms. Ngo-Burns brings nearly 30 years
of accounting experience to the Company and holds an M.B.A. from
the University of Houston and a B.S. in Business and Accounting
from Oklahoma State University.
February 20, 2017 with KGH Intermediate Holdco II, LLC (the
Agreement). The Agreement does not provide for a specified term and
may be terminated by either party for any reason at any time. to
the Agreement, she will receive an annual base salary of $260,000
and is eligible for an annual performance bonus target of 60% of
her base salary.>>In the event of a termination of Ms.
Ngo-Burns’ employment by us without cause, subject to her
execution of a release, she will be entitled to a severance payment
equal to 12 months of her base salary payable over a period of 12
months following the termination date. The foregoing summary of the
Agreement is qualified in its entirety by the copy of such
agreement filed hereto as Exhibit 10.1 and is incorporated herein
by reference.
Ms. Ngo-Burns is being appointed Chief Accounting Officer. There
are no family relationships between Ms. Ngo-Burns and any director
or executive officer of the Company, and she is not a party to any
transaction requiring disclosure under Item 404(a) of Regulation
S-K.
Chief Accounting Officer, Ms. Ngo-Burns has entered into the
Company’s standard form of indemnification agreement. A form of
the indemnification agreement was previously filed by the Company
as Exhibit 10.6 to the Company’s Registration Statement on Form
S-1 (File No. 333-215079), as originally filed with the Securities
and Exchange Commission on December 14, 2016, as subsequently
amended.
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Exhibit
No.
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Description
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10.1
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Employment Agreement, dated February 20, 2017, by and
between KGH Intermediate Holdco II, LLC and Phung Ngo-Burns. |
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About KEANE GROUP, INC. (NYSE:MO)
Altria Group, Inc. is a holding company. The Company’s segments include smokeable products, smokeless products and wine. The Company’s subsidiaries include Philip Morris USA Inc. (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co. (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S. Smokeless Tobacco Company LLC (USSTC) and Ste. Michelle Wine Estates Ltd. (Ste. Michelle), is engaged in the manufacture and sale of smokeless tobacco products and wine. Its other operating companies include Nu Mark LLC (Nu Mark), a subsidiary that is engaged in the manufacture and sale of tobacco products, and Philip Morris Capital Corporation (PMCC), a subsidiary that maintains a portfolio of finance assets. Other subsidiaries include Altria Group Distribution Company and Altria Client Services LLC. KEANE GROUP, INC. (NYSE:MO) Recent Trading Information
KEANE GROUP, INC. (NYSE:MO) closed its last trading session up +0.33 at 71.95 with 7,508,282 shares trading hands.
