01—Abstract
Summary
Summary of the 8-K/A filed July 19, 2024. Cited figures are marked; the original filing is the authoritative source.
This 8-K/A filing from Accenture plc (ACN) serves as an amendment to a previous filing and provides updated details regarding the compensation arrangements for Angie Park, the incoming Chief Financial Officer (CFO).
The key information investors should note is the specific compensation package approved for Ms. Park, which includes a base salary, target annual bonus, and significant equity awards, all effective as she assumes the CFO role on December 1, 2024. This filing clarifies the financial incentives tied to Ms. Park's leadership in a critical executive position.
The equity awards, particularly those tied to performance over fiscal years 2025 and 2026, signal a long-term alignment of her interests with shareholder value. Investors can use this information to assess executive compensation trends and the company's commitment to retaining key talent in its financial leadership.
02—Key points
Key Highlights
- Angie Park appointed as Chief Financial Officer (CFO), effective December 1, 2024.
- KC McClure to step down as CFO on November 30, 2024, and retire on March 1, 2025.
- New compensation package for Ms. Park approved by the Compensation, Culture & People Committee.
- Annual base salary for Ms. Park set at $900,000, effective December 1, 2024.
- Target annual bonus for fiscal 2025 set at 125% of base compensation, with a maximum of 200%.
- Total target equity award value for Ms. Park is $2,975,000, comprising RSUs under performance-based programs.
- Equity awards include performance-based RSUs tied to fiscal 2025 results, granted in January 2026.
03—Questions
Frequently Asked Questions
What is the primary purpose of this 8-K/A filing?
This filing is an amendment to a previous 8-K and specifically details the compensation package approved for Angie Park, who will be taking over as Accenture's Chief Financial Officer (CFO) starting December 1, 2024.
What is Angie Park's annual base salary as the new CFO?
Ms. Park's annual base salary will be $900,000, effective from December 1, 2024.
What are the details of the bonus and equity compensation for the new CFO?
Ms. Park has a target annual bonus of 125% of her earned base compensation for fiscal 2025 (with a maximum of 200%). Additionally, she will receive equity awards with a total target value of $2,975,000. These awards include restricted share units (RSUs) under performance programs, with a portion of the equity grants being contingent on fiscal 2025 performance.
When does KC McClure officially leave her CFO role and retire?
KC McClure will step down as CFO on November 30, 2024, and will retire from Accenture on March 1, 2025.
04—Continue