Pitney Bowes appoints Lance Rosenzweig as Interim CEO; former CEO Dies receives $2.96M separation

PITNEY BOWES INC /DE/

Jason Dies' employment as Interim CEO ended May 21, 2024, not due to disagreement; he receives $2.3625M separation, $600K additional payment, and continued equity vesting.
Lance Rosenzweig appointed Interim CEO effective May 22, 2024; base salary $95K annualized, LTIP target $4M (40% RSUs, 60% PSUs), no severance or cash bonus.
Rosenzweig, age 61, former CEO of Support.com and Startek, joined Board in April 2024; will continue as Board member during tenure.
Dies retains performance-based RSUs (97,413 from Feb 2023, 38,205 from Oct 2023) and cash incentive units (644,000 and 426,666) that continue to vest.

item 5.02 item 9.01

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Appointed (interim)

Lance Rosenzweig

Interim Chief Executive Officer

PBI · PITNEY BOWES INC /DE/

Effective: 2024-05-22
Filed: May 23, 2024, 7:59 PM ET

The Board approved the appointment of Lance Rosenzweig to serve as Interim CEO of the Company, effective May 22, 2024.

Departed (interim)

Jason Dies

Interim Chief Executive Officer

PBI · PITNEY BOWES INC /DE/

Effective: 2024-05-21
Successor: Lance Rosenzweig
Filed: May 23, 2024, 7:59 PM ET

The employment of Jason Dies as Interim Chief Executive Officer of Pitney Bowes Inc. (the “Company”) ended effective May 21, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Lance Rosenzweig was appointed as Interim Chief Executive Officer at PITNEY BOWES INC /DE/.

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

The Board approved the appointment of Lance Rosenzweig to serve as Interim CEO of the Company, effective May 22, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jason Dies departed as Interim Chief Executive Officer at PITNEY BOWES INC /DE/.

Action: ended
Role: Interim Chief Executive Officer

Exact text from the filing

The employment of Jason Dies as Interim Chief Executive Officer of Pitney Bowes Inc. (the “Company”) ended effective May 21, 2024.

View on SEC.gov

PITNEY BOWES INC /DE/ filing history →

Source: SEC EDGAR

accession 0000078814-24-000037

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