8-KLeadership Changes

GLOBAL PAYMENTS INC 8-K Report, Executive Changes (Aug 19, 2008)

Filed August 19, 2008For Securities:GPN

Summary

This Form 8-K filing by Global Payments Inc. (GPN) on August 19, 2008, primarily reports a change in its senior accounting leadership. Effective August 15, 2008, Martin A. Picciano resigned as Senior Vice President and Chief Accounting Officer. The company has promptly appointed Daniel C. O’Keefe to fill this role, effective August 18, 2008, designating him as the Principal Accounting Officer. Mr. O'Keefe brings significant experience to the position, having held senior financial and accounting roles at several well-known companies including Beazer Homes USA, Inc., RBS Lynk, and First Data, and most recently serving as Chief Accounting Officer for Ocwen Financial Corporation. His qualifications include being a Georgia Certified Public Accountant and holding a Masters degree of Public Accountancy from Georgia State University. This swift appointment aims to ensure continuity in financial reporting and oversight.

Key Highlights

  • 1Resignation of Martin A. Picciano as Senior Vice President and Chief Accounting Officer, effective August 15, 2008.
  • 2Appointment of Daniel C. O’Keefe as Senior Vice President and Chief Accounting Officer, effective August 18, 2008.
  • 3Mr. O’Keefe is designated as the company's Principal Accounting Officer.
  • 4Mr. O'Keefe has prior experience as Chief Accounting Officer at Ocwen Financial Corporation.
  • 5Mr. O'Keefe has held senior financial roles at Beazer Homes USA, Inc., RBS Lynk, and First Data.
  • 6Mr. O'Keefe is a Georgia Certified Public Accountant with a Master's degree in Public Accountancy from Georgia State University.

Frequently Asked Questions

The filing does not provide specific reasons for Martin A. Picciano's resignation; it only states that he resigned from his position as Senior Vice President and Chief Accounting Officer.

Daniel C. O’Keefe has been appointed as the new Senior Vice President and Chief Accounting Officer, effective August 18, 2008. He will also serve as the company's Principal Accounting Officer.

Mr. O'Keefe has extensive experience, including serving as Chief Accounting Officer for Ocwen Financial Corporation. He has also held senior financial and accounting positions at Beazer Homes USA, Inc., RBS Lynk, and First Data. He is a Certified Public Accountant in Georgia.

Daniel C. O’Keefe joined Global Payments Inc. on April 14, 2008, in a senior accounting role before his appointment as Chief Accounting Officer.