8-K/ALeadership Changes

QUEST DIAGNOSTICS INC 8-K/A Report, Executive Changes (May 17, 2019)

Filed May 17, 2019For Securities:DGX

Summary

This 8-K Amendment (8-K/A) from Quest Diagnostics (DGX) filed on May 17, 2019, provides updated information regarding equity awards granted to Michael J. Deppe upon his election as Vice President, Corporate Controller and Chief Accounting Officer, previously reported on April 1, 2019. The amendment clarifies the specific equity compensation Mr. Deppe received, which was not fully determined at the time of the initial filing. Investors should note that this filing is an amendment to a previous report and primarily focuses on the compensation details for a key accounting executive. The equity award includes options, restricted stock units, and performance shares, generally mirroring the terms of the company's annual equity awards from February 2019. This information is important for understanding the incentives and compensation structure for newly appointed senior accounting officers.

Key Highlights

  • 1Amendment to a previously filed 8-K from April 1, 2019.
  • 2Provides details on equity awards granted to Michael J. Deppe upon his appointment as VP, Corporate Controller, and Chief Accounting Officer.
  • 3Mr. Deppe received an equity award consisting of 608 options.
  • 4Mr. Deppe also received 52 restricted stock units as part of the award.
  • 5An additional 103 performance shares were granted to Mr. Deppe.
  • 6The terms of these equity awards are generally consistent with the company's annual equity awards issued in February 2019.
  • 7This filing primarily serves to update compensation information for a key accounting executive.

Frequently Asked Questions

The main purpose of this filing is to amend the Initial Form 8-K filed on April 1, 2019, by providing specific details about the equity awards granted to Michael J. Deppe in connection with his election as Vice President, Corporate Controller and Chief Accounting Officer. These details were not fully determined at the time of the original filing.

Michael J. Deppe received the equity awards. He was elected Vice President, Corporate Controller and Chief Accounting Officer, and also serves as the company's principal accounting officer.

Mr. Deppe received a combination of equity awards, including 608 stock options, 52 restricted stock units (RSUs), and 103 performance shares.

Generally, the terms of Mr. Deppe's equity awards are the same as the company's annual equity awards that were issued in February 2019.