TrueBlue discloses CEO Cooper's compensation: $1M salary, $3.5M RSUs, $250k signing bonus

TrueBlue, Inc.

Base salary $1,000,000 annually; target bonus 150% of base for 2022 prorated from effective date.
Signing bonus of $250,000 and $3,500,000 in restricted stock units (Initial RSUs) granted Aug 1, 2022.
Initial RSUs cliff vest on earlier of 3-year anniversary or appointment of successor CEO (with 120-day notice).
Severance for qualifying termination: 18 months base salary, pro-rata bonus, equity vesting acceleration for 18 months.
Change-in-Control termination provides 2x (salary + avg bonus), 18 months benefits, and full equity vesting.

item 5.02 item 9.01

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Appointed

Steven C. Cooper

Chief Executive Officer

TBI · TrueBlue, Inc.

Effective: 2022-06-14
Filed: July 14, 2022, 7:59 PM ET

the Company’s Board of Directors (the “Board”) appointed Steven C. Cooper, then Chairman of the Board, to serve as the Company’s Chief Executive Officer, effective June 14, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Steven C. Cooper was appointed as Chief Executive Officer at TrueBlue, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

the Company’s Board of Directors (the “Board”) appointed Steven C. Cooper, then Chairman of the Board, to serve as the Company’s Chief Executive Officer, effective June 14, 2022.

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TrueBlue, Inc. filing history →

Source: SEC EDGAR

accession 0000768899-22-000104

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