Deluxe B2B President Michael Reed to depart; Special Advisor until March 29, 2024

DELUXE CORP

Reed (SVP, President B2B) transitions to Special Advisor to CEO effective Jan 10, 2024; separation March 29.
Separation agreement includes 12-month base salary severance, up to $25k outplacement, plus $20k one-time payment.
Reed will receive FY2023 cash bonus per Annual Incentive Plan; equity awards determined per plan terms.
Reed must comply with existing confidentiality and non-competition agreements after separation.

item 5.02 item 9.01

Executive movements

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Departed

Michael Reed

Special Advisor to the Chief Executive Officer

DLX · DELUXE CORP

Effective: 2024-03-29
Filed: January 16, 2024, 6:59 PM ET

Mr. Reed will serve as Special Advisor during a transition period until Mr. Reed’s separation from the Company on March 29, 2024, subject to extension by the Company (the “Separation Date”).

Role change

Michael Reed

Special Advisor to the Chief Executive Officer

DLX · DELUXE CORP

Effective: 2024-01-10
Filed: January 16, 2024, 6:59 PM ET

Effective January 10, 2024, Michael Reed, Senior Vice President, President, B2B of Deluxe Corporation (the “Company”), transitioned into the role of Special Advisor to the Company’s Chief Executive Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.9

Michael Reed departed as Special Advisor to the Chief Executive Officer at DELUXE CORP.

Action: separation
Role: Special Advisor to the Chief Executive Officer

Exact text from the filing

Mr. Reed will serve as Special Advisor during a transition period until Mr. Reed’s separation from the Company on March 29, 2024, subject to extension by the Company (the “Separation Date”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Reed changed role as Special Advisor to the Chief Executive Officer at DELUXE CORP.

Action: transitioned
Role: Special Advisor to the Chief Executive Officer

Exact text from the filing

Effective January 10, 2024, Michael Reed, Senior Vice President, President, B2B of Deluxe Corporation (the “Company”), transitioned into the role of Special Advisor to the Company’s Chief Executive Officer.

View on SEC.gov

DELUXE CORP filing history →

Source: SEC EDGAR

accession 0000027996-24-000009

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