Franklin Covey finalizes CEO transition compensation: Walker $500K salary, Whitman $200K

FRANKLIN COVEY CO

Paul S. Walker named President & CEO effective Sept 1, 2021; base salary increased from $425K to $500K.
Walker's target short-term incentive raised from $284,750 to $375,000; long-term equity target increased from $425K to $750K.
Robert A. Whitman transitioned to Executive Chairman; base salary reduced from $500K to $200K.
Whitman's target short-term incentive cut from $575K to $200K; long-term equity target decreased from $1.15M to $1M.
Compensation changes effective September 1, 2021, as disclosed in this 8-K/A amendment.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Robert A. Whitman

Executive Chairman and Chairman of the Board

FC · FRANKLIN COVEY CO

Effective: 2021-09-01
Filed: September 1, 2021, 7:59 PM ET

Robert A. Whitman’s transition from Chief Executive Officer to Executive Chairman and Chairman of the Board

Appointed

Paul S. Walker

President and Chief Executive Officer

FC · FRANKLIN COVEY CO

Effective: 2021-09-01
Filed: September 1, 2021, 7:59 PM ET

Mr. Walker’s compensation for his new role as the Company’s President and Chief Executive Officer

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert A. Whitman changed role as Executive Chairman and Chairman of the Board at FRANKLIN COVEY CO.

Action: transitioned
Role: Executive Chairman and Chairman of the Board

Exact text from the filing

Robert A. Whitman’s transition from Chief Executive Officer to Executive Chairman and Chairman of the Board

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Paul S. Walker was appointed as President and Chief Executive Officer at FRANKLIN COVEY CO.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

Mr. Walker’s compensation for his new role as the Company’s President and Chief Executive Officer

View on SEC.gov

FRANKLIN COVEY CO filing history →

Source: SEC EDGAR

accession 0000886206-21-000031

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