Deluxe Corp SVP & CRO Thomas transitions to Special Advisor, to depart on April 28, 2023

DELUXE CORP

Christopher L. Thomas steps down as CRO, becomes Special Advisor to CEO effective Jan 6, 2023; separation from company on April 28, 2023.
During transition, compensation and benefits continue as in effect on Dec 1, 2022.
Severance includes 12 months base salary, one-third of target bonus for FY2023, and one-time $45,000 payment.
Must comply with existing confidentiality and non-competition agreements.
FY2022 cash bonus and retention payment to be paid in spring 2023 before separation.

item 5.02 item 9.01

Executive movements

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Departed

Christopher L. Thomas

Special Advisor

DLX · DELUXE CORP

Effective: 2023-04-28
Filed: January 6, 2023, 6:59 PM ET

Mr. Thomas will serve as Special Advisor during a transition period until Mr. Thomas’ separation from the Company on April 28, 2023.

Role change

Christopher L. Thomas

Senior Vice President, Chief Revenue Officer

DLX · DELUXE CORP

Effective: 2023-01-06
Filed: January 6, 2023, 6:59 PM ET

On January 2, 2023, Christopher L. Thomas, Senior Vice President, Chief Revenue Officer (“CRO”) of Deluxe Corporation (the “Company”), entered into a Separation Agreement with the Company providing for the transition out of the role of CRO and into the role of a Special Advisor to the Company’s Chief Executive Officer, effective January 6, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Christopher L. Thomas departed as Special Advisor at DELUXE CORP.

Action: separated
Role: Special Advisor

Exact text from the filing

Mr. Thomas will serve as Special Advisor during a transition period until Mr. Thomas’ separation from the Company on April 28, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Christopher L. Thomas changed role as Senior Vice President, Chief Revenue Officer at DELUXE CORP.

Action: transitioned
Role: Senior Vice President, Chief Revenue Officer

Exact text from the filing

On January 2, 2023, Christopher L. Thomas, Senior Vice President, Chief Revenue Officer (“CRO”) of Deluxe Corporation (the “Company”), entered into a Separation Agreement with the Company providing for the transition out of the role of CRO and into the role of a Special Advisor to the Company’s Chief Executive Officer, effective January 6, 2023.

View on SEC.gov

DELUXE CORP filing history →

Source: SEC EDGAR

accession 0000027996-23-000005

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