8-KLeadership Changes

Keysight Technologies, Inc. 8-K Report, Executive Changes (May 31, 2023)

Filed May 31, 2023For Securities:KEYS

Summary

Keysight Technologies, Inc. (KEYS) announced the appointment of Lisa Poole as its new Vice President and Chief Accounting Officer and Corporate Controller, effective August 1, 2023. Ms. Poole has a long-standing history with the company, having held various senior financial reporting and accounting roles since 2014, most recently as Vice President, Assistant Corporate Controller. This appointment signifies internal succession for a key financial role, indicating stability and familiarity within the company's financial leadership. In conjunction with her promotion, Ms. Poole's compensation package has been adjusted to include a base salary of $315,000, a target bonus potential of 60% of her base salary, and equity awards consisting of time-based Restricted Stock Units (RSUs) and performance-based stock units. These awards are designed to align her incentives with the company's long-term performance and shareholder value, with vesting schedules and performance metrics clearly defined.

Key Highlights

  • 1Appointment of Lisa Poole as Vice President and Chief Accounting Officer & Corporate Controller, effective August 1, 2023.
  • 2Ms. Poole has extensive experience within Keysight, progressing through various financial reporting and accounting leadership roles since 2014.
  • 3Annual base salary increased to $315,000 upon appointment.
  • 4Target annual bonus award percentage set at 60% of base salary under the Performance-Based Compensation Plan.
  • 5Equity grants include 359 time-based RSUs vesting over four years.
  • 6Equity grants also include performance-based stock units with a target of 484 shares, vesting October 31, 2025, based on performance metrics.
  • 7Ms. Poole will enter into standard change in control and indemnification agreements.

Frequently Asked Questions

Lisa Poole has been appointed as the new Vice President and Chief Accounting Officer and Corporate Controller for Keysight Technologies, Inc., effective August 1, 2023.

Ms. Poole has a significant history with Keysight, having served in various financial roles since March 2014, including Director of External Financial Reporting, Senior Director of Global Financial Reporting and Compliance, and most recently, Vice President of Assistant Corporate Controller.

Her new compensation includes an annual base salary of $315,000, a target award percentage of 60% under the Performance-Based Compensation Plan, 359 time-based RSUs that vest over four years, and performance-based stock units with a target of 484 shares that vest based on company performance through October 31, 2025.

No, there are no disclosed arrangements or understandings with other parties for her appointment, nor are there any transactions requiring disclosure under Item 404(a) of Regulation S-K. She will enter into standard change in control and indemnification agreements.