secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN COVEY CO (FC)
CIK:        0000886206
Form:       8-K/A
Filed at:   2021-09-01T23:59:59+00:00
Accession:  0000886206-21-000031
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886206/000088620621000031/0000886206-21-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886206/000088620621000031/fc-20210628x8ka.htm
  HTML page:      https://secwatch.observer/filing/0000886206-21-000031

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