Summary
Mastercard Incorporated (MA) filed an 8-K on May 25, 2011, to report a change in its principal accounting officer. Melissa Ballenger resigned as Controller and principal accounting officer on May 23, 2011. The company announced the immediate appointment of John Sulca as interim Controller and principal accounting officer, effective May 25, 2011. This transition involves a key financial role within the company. Mr. Sulca brings extensive experience, having been with Mastercard since 2000 and most recently serving as Group Head, Assistant Controller. Investors should note that his employment terms remain unchanged with this interim appointment. The filing ensures transparency regarding changes in critical financial oversight positions.
Key Highlights
- 1Resignation of Melissa Ballenger as Controller and principal accounting officer, effective May 23, 2011.
- 2Appointment of John Sulca as interim Controller and principal accounting officer, effective May 25, 2011.
- 3John Sulca, age 43, has been with Mastercard since September 2000, holding various accounting and financial analysis roles.
- 4Mr. Sulca's most recent position prior to this appointment was Group Head, Assistant Controller since April 2009.
- 5There are no modifications to Mr. Sulca's existing employment terms in connection with his interim appointment.
- 6The filing is a standard disclosure for changes in key executive and accounting officer positions.