Summary
This Form 8-K filing from Facebook, Inc. (now Meta Platforms) announces the appointment of Susan Taylor as the new Chief Accounting Officer (CAO), effective April 17, 2017. This appointment follows the resignation of the previous CAO, Jas Athwal. Ms. Taylor brings extensive experience from her previous roles at LinkedIn Corporation, Silver Spring Networks, Inc., and Yahoo! Inc., as well as over thirteen years at PricewaterhouseCoopers LLP. Investors can note the significant compensation package awarded to Ms. Taylor, including a $400,000 base salary, a $400,000 sign-on bonus, participation in the annual bonus plan with a 50% target, and restricted stock units (RSUs) valued at approximately $3.5 million. The RSUs are subject to a four-year vesting schedule, aligning her incentives with the company's long-term performance. This appointment and compensation structure suggest the company's commitment to strengthening its financial reporting leadership.
Key Highlights
- 1Appointment of Susan Taylor as Chief Accounting Officer (CAO) and Principal Accounting Officer, effective April 17, 2017.
- 2Susan Taylor's extensive prior experience includes roles at LinkedIn, Silver Spring Networks, Yahoo!, and PricewaterhouseCoopers.
- 3The previous CAO, Jas Athwal, resigned effective February 17, 2017.
- 4Ms. Taylor will receive an annual base salary of $400,000.
- 5A one-time, non-recurring sign-on bonus of $400,000 is provided to Ms. Taylor.
- 6Ms. Taylor is eligible for the company's annual bonus plan with a target of 50% of her base salary.
- 7Restricted Stock Units (RSUs) valued at approximately $3.5 million will be granted to Ms. Taylor, vesting over four years.