Quad/Graphics,Inc. (NYSE:QUAD) 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.
(e) On March8, 2019, the Compensation Committee of the Board of Directors and the Board of Directors of Quad/Graphics, Inc. (the “Company”) approved a two-year incentive compensation program relating to 2018-2019 (the “2018-2019 Incentive Program”) under which designated participants, including the Company’s named executive officers, will receive an initial payment in March2019 and be eligible for a second payment in early2020. The March2019 payments are in recognition of the participants’ corporate development, integration planning and integration efforts in 2018. The 2020 payments will be contingent on the participants’ continued employment and satisfactory corporate development, integration planning and integration efforts in 2019. The 2020 payments will be offset by any amounts earned under the Company’s 2019 annual incentive plan, and the 2019 payments are in lieu of any payments under the Company’s 2018 annual incentive plan, with respect to which the threshold performance goal was not achieved. to the 2018-2019 Incentive Program, the amount payable to each individual named executive officer in March2019, as well as the amount payable to each individual named executive officer in early 2020 if the service and performance requirements are met, is expected to range from $70,000 to $850,000.
About Quad/Graphics,Inc. (NYSE:QUAD)
Quad/Graphics, Inc. is a print and marketing services provider. The Company’s operating segments are the United States Print and Related Services, and International. The Company operates primarily in the commercial print portion of the printing industry as a printer of retail inserts, publications, catalogs, journals, direct mail, books, directories, in-store marketing and promotion, packaging, newspapers, custom print products, other commercial and specialty printed products and global paper procurement. The United States Print and Related Services segment consists of the Company’s United States printing operations and is managed as one integrated platform. The International segment consists of the Company’s printing operations in Europe and Latin America, including England, France, Germany, Poland, Argentina, Colombia, Mexico and Peru, as well as strategic investments in printing operations in Brazil and India. It also provides complementary service offerings for its customers.
