secwatch.observer — SEC 8-K summary
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Issuer:     FORD MOTOR CO (F)
CIK:        0000037996
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0000037996-24-000077
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ford appoints John Lawler as Vice Chair; Sherry House to become CFO in early 2025
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- John Lawler, current CFO, appointed Vice Chair effective June 3, 2024; retains CFO role initially.
- Sherry House, former Lucid CFO, joins as VP Finance on June 3; expected to succeed Lawler as CFO in early 2025.
- Lawler's annual bonus target raised to 150% of $1,242,077 base; stock award target increased to $6.5M.
- House receives base salary $900K, bonus target 125%, stock award target $5M, plus $4.25M sign-on bonus.
- Lawler to focus on strategy, partnerships, and global policy; House to oversee FP&A and auto business finance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/37996/000003799624000077/0000037996-24-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/37996/000003799624000077/f-20240508.htm
  HTML page:      https://secwatch.observer/filing/0000037996-24-000077

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer