---
schema_version: "secwatch.filing_event.v1"
accession: "0000886206-21-000031"
form_type: "8-K/A"
ticker: "FC"
cik: "0000886206"
company_name: "FRANKLIN COVEY CO"
filed_at: "2021-09-01T23:59:59+00:00"
generated_at: "2026-06-29T06:37:34.616522+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000886206-21-000031
- form_type: 8-K/A
- ticker: FC
- cik: 0000886206
- company_name: FRANKLIN COVEY CO
- filed_at: 2021-09-01T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/886206/000088620621000031/0000886206-21-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/886206/000088620621000031/fc-20210628x8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000886206-21-000031
- JSON: https://secwatch.observer/filing/0000886206-21-000031.json
- Plain text: https://secwatch.observer/filing/0000886206-21-000031.txt

## Key facts
- Executive change
  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
  source text: Robert A. Whitman’s transition from Chief Executive Officer to Executive Chairman and Chairman of the Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/886206/000088620621000031/0000886206-21-000031-index.htm
- Executive change
  Paul S. Walker was appointed as President and Chief Executive Officer at FRANKLIN COVEY CO.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: Mr. Walker’s compensation for his new role as the Company’s President and Chief Executive Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/886206/000088620621000031/0000886206-21-000031-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.