8-KLeadership ChangesExhibits & Filings

CANADIAN PACIFIC KANSAS CITY LTD/CN 8-K Report, Executive Changes (Oct 24, 2016)

Filed October 24, 2016For Securities:CP

Summary

Canadian Pacific Kansas City Ltd. (CP) announced the permanent appointment of Nadeem Velani as its Vice-President and Chief Financial Officer (CFO), effective October 18, 2016. Mr. Velani, who has been with the company since March 2013, most recently served as Vice-President and Interim CFO. This appointment reflects a transition into a key executive role after a period of interim service. Investors should note the compensation package associated with this permanent role, which includes a base salary of $415,000 and a total expected annual compensation of $1,141,250. This includes short-term and long-term incentive opportunities tied to his performance. The company has provided details on Mr. Velani's prior roles and background, highlighting his 15 years of experience at Canadian National Railway Co., to assure investors of his qualifications for the CFO position.

Key Highlights

  • 1Nadeem Velani appointed as Vice-President and Chief Financial Officer (CFO) effective October 18, 2016.
  • 2Mr. Velani transitioned from Vice-President and Interim CFO to the permanent CFO role.
  • 3Velani's base salary is set at $415,000 annually.
  • 4Target short-term incentive award is 60% of base salary.
  • 5Long-term incentive opportunity is 115% of base salary.
  • 6Total expected annual compensation for the CFO role is approximately $1,141,250.
  • 7Mr. Velani has prior experience at Canadian National Railway Co. and joined CP in March 2013.

Frequently Asked Questions

Nadeem Velani has been appointed as the Vice-President and Chief Financial Officer (CFO) of Canadian Pacific Kansas City Ltd., effective October 18, 2016.

Mr. Velani's compensation package includes a base salary of $415,000, a target short-term incentive award of 60% of his base salary, and a long-term incentive opportunity of 115% of his base salary. His total expected annual compensation is approximately $1,141,250.

Mr. Velani joined Canadian Pacific in March 2013 and most recently served as Vice-President and Interim CFO. Prior to joining CP, he spent 15 years at Canadian National Railway Co. in various financial and investor relations roles.

The filing indicates that Mr. Velani was serving as Vice-President and Interim Chief Financial Officer prior to his permanent appointment, suggesting a transition from an interim role rather than a departure of a previous permanent CFO.