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

Reports
Leadership Changes·Exhibits & Filings
Filing Date
Filed October 24, 2016
Period End
October 24, 2016
Security
CP
In the record · 2016–202610-K2010-Q328-K361

CP filed 20 annual reports (10-K), 32 quarterly reports (10-Q) and 361 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Oct ’19Oct ’19
  2. Leadership change8-K · Feb ’22Feb ’22
  3. Leadership change8-K · Jul ’26Jul ’26

01—Abstract

Summary

Summary of the 8-K filed October 24, 2016. Cited figures are marked; the original filing is the authoritative source.

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 $415,000a 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.

02—Key points

Key Highlights

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

03—Questions

Frequently Asked Questions

  1. Who has been appointed as the new Chief Financial Officer?

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

  2. What is Nadeem Velani's compensation package?

    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.

  3. What is Mr. Velani's background and experience?

    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.

  4. Was there a previous CFO before this appointment?

    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.

04—Continue

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