Summary
This Form 8-K filing by The McGraw-Hill Companies, Inc. (which is now S&P Global Inc. after a name change) announces a key executive appointment. Effective December 10, 2007, Luc D. Gregoire was appointed Senior Vice President and Corporate Controller, serving as the company's principal accounting officer. Mr. Gregoire brings significant experience from previous roles at Standard Motor Products, Inc. and Merck and Co. The filing also details Mr. Gregoire's compensation package, including a signing bonus, special payments, and long-term equity awards contingent on performance and continued service. These details are important for investors to understand the company's investment in key financial leadership and the associated financial commitments.
Key Highlights
- 1Appointment of Luc D. Gregoire as Senior Vice President and Corporate Controller, effective December 10, 2007.
- 2Mr. Gregoire will serve as the company's principal accounting officer.
- 3Prior experience of Mr. Gregoire includes Corporate Controller at Standard Motor Products, Inc. and Controller for Europe, Middle East, and Africa at Merck and Co.
- 4Mr. Gregoire will receive a $80,000 signing bonus payable in March 2008.
- 5Additional special payments totaling $60,000 ($20,000 per year) are scheduled for 2008, 2009, and 2010.
- 6A long-term award valued at $150,000, comprising Restricted Performance Shares and Stock Options, is scheduled for April 1, 2008.
- 7Equity awards are subject to vesting conditions based on performance and continued employment.