8-KLeadership Changes

Mondelez International, Inc. 8-K Report, Executive Changes (Feb 26, 2009)

Filed February 26, 2009For Securities:MDLZ

Summary

This 8-K filing by Kraft Foods Inc. (now Mondelez International) reports a restricted stock grant to a key executive, Mr. Khosla, on February 20, 2009. The grant of 42,310 shares is intended to acknowledge his transition of responsibilities in Europe and his ongoing focus on developing markets. This award is in addition to the company's standard annual stock awards for 2009. The restricted stock is set to vest on February 17, 2012. For investors, this filing highlights management's strategic compensation practices, linking executive rewards to critical business areas like European restructuring and emerging market growth. While the direct financial impact on the company is minimal, it signals management's commitment to incentivizing leadership during periods of significant operational change and expansion.

Key Highlights

  • 1Kraft Foods Inc. (now Mondelez International) granted 42,310 shares of restricted stock to Mr. Khosla on February 20, 2009.
  • 2The award is a supplementary compensation measure, in addition to regular annual stock grants.
  • 3The restricted stock grant is tied to Mr. Khosla's transition of responsibilities in Europe and his focus on developing markets.
  • 4The vesting date for this restricted stock award is February 17, 2012.
  • 5This filing falls under Item 5.02, concerning departures/elections of directors or officers, and appointment/compensation of officers.

Frequently Asked Questions

The primary purpose of this 8-K filing is to disclose a restricted stock grant made to an executive, Mr. Khosla, by Kraft Foods Inc. (now Mondelez International) on February 20, 2009, under Item 5.02 of Form 8-K.

The award was made to acknowledge Mr. Khosla's transition of responsibilities in Europe and to further incentivize his continued focus on maximizing value in developing markets.

The 42,310 shares of restricted stock are subject to a vesting period and will become fully vested on February 17, 2012.

This specific restricted stock grant is in addition to the committee's annual 2009 stock awards. Details on his regular annual award are expected to be in his Form 4 filing.