Franklin Covey eliminates Executive Chairman role; CEO Walker joins board

FRANKLIN COVEY CO

Robert Whitman to cease as Executive Chairman on Sept 1, 2023, remains Chairman.
Whitman's compensation shifts to $190k annual retainer as Chairman plus $10k for committee.
CEO Paul Walker appointed to Board effective July 1, 2023; no extra compensation.
Whitman no longer eligible for long-term incentive plan or employee benefits.
Changes follow a CEO transition framework established two years ago.

item 5.02

Executive movements

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

Appointed

Paul S. Walker

Director

FC · FRANKLIN COVEY CO

Effective: 2023-07-01
Filed: June 29, 2023, 7:59 PM ET

effective July 1, 2023, the Board appointed Paul S. Walker as a member of the Company’s Board of Directors.

Role change

Robert A. Whitman

Executive Chairman

FC · FRANKLIN COVEY CO

Effective: 2023-09-01
Filed: June 29, 2023, 7:59 PM ET

the Board determined that effective September 1, 2023, Robert A. Whitman will no longer serve as Executive Chairman of the Board of Directors, but will continue to serve as Chairman of the Board.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Paul S. Walker was appointed as Director at FRANKLIN COVEY CO.

Action: appointed
Role: Director

Exact text from the filing

effective July 1, 2023, the Board appointed Paul S. Walker as a member of the Company’s Board of Directors.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert A. Whitman changed role as Executive Chairman at FRANKLIN COVEY CO.

Action: will no longer serve as
Role: Executive Chairman

Exact text from the filing

the Board determined that effective September 1, 2023, Robert A. Whitman will no longer serve as Executive Chairman of the Board of Directors, but will continue to serve as Chairman of the Board.

View on SEC.gov

FRANKLIN COVEY CO filing history →

Source: SEC EDGAR

accession 0000886206-23-000023

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