Amar Maletira becomes Rackspace CEO effective Sept 23; transition agreement with former CEO Kevin Jones

Rackspace Technology, Inc.

New CEO Amar Maletira receives $900,000 salary and 150% target bonus; one-time equity grant of ~$15M (50% RSUs, 50% PSUs).
Annual equity awards starting 2023 with total grant date value of ~$11M.
Former CEO Kevin Jones remains employee until Oct 30, 2022; eligible for one year salary, target bonus, health benefits, pro-rated equity vesting.
Jones also receives RSU grant of ~$1.16M, vesting after 18 months if restrictive covenants met.
Jones eligible for reimbursement of certain relocation expenses including lease breakage and out-of-pocket costs.

item 5.02

Executive movements

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

Departed

Kevin Jones

Chief Executive Officer

RXT · Rackspace Technology, Inc.

Effective: 2022-09-23
Successor: Amar Maletira
Filed: October 3, 2022, 7:59 PM ET

a transition agreement and release with Kevin Jones, the Company’s former Chief Executive Officer.

Appointed

Amar Maletira

Chief Executive Officer

RXT · Rackspace Technology, Inc.

Effective: 2022-09-23
Filed: October 3, 2022, 7:59 PM ET

On September 27, 2022, in connection with the previously announced appointment by Rackspace Technology, Inc. (the “Company” or “Rackspace”) of Amar Maletira as the Company’s Chief Executive Officer effective September 23, 2022, the Company entered into an amended and restated employment agreement with Mr. Maletira

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kevin Jones departed as Chief Executive Officer at Rackspace Technology, Inc..

Role: Chief Executive Officer

Exact text from the filing

a transition agreement and release with Kevin Jones, the Company’s former Chief Executive Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Amar Maletira was appointed as Chief Executive Officer at Rackspace Technology, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On September 27, 2022, in connection with the previously announced appointment by Rackspace Technology, Inc. (the “Company” or “Rackspace”) of Amar Maletira as the Company’s Chief Executive Officer effective September 23, 2022, the Company entered into an amended and restated employment agreement with Mr. Maletira

View on SEC.gov

Rackspace Technology, Inc. filing history →

Source: SEC EDGAR

accession 0000950142-22-002821

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