CSGS terminates COO Kennedy and CAO Schaaf; appoints Szwanek as new CAO

CSG SYSTEMS INTERNATIONAL INC

Ken Kennedy terminated without cause as COO/President, effective Sept 10, 2023; advisory through end of 2023.
Dave Schaaf terminated without cause as CAO/Treasurer; separation Sept 2023, advisory through April 1, 2024.
Lori Szwanek, former CSG Global Controller, appointed CAO effective Sept 2023; most recently CAO at Orion Advisor Solutions.
Company reiterates all 2023 financial guidance; Kennedy's role not replaced, responsibilities assumed by existing execs.
No dispute or disagreement with accounting or financial reporting cited for departures.

item 5.02 item 9.01

Executive movements

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

Departed

Kenneth M. Kennedy

Chief Operating Officer and President – Revenue Management and Digital Monetization

CSGS · CSG SYSTEMS INTERNATIONAL INC

Effective: 2023-09-10
Filed: August 30, 2023, 7:59 PM ET

On August 30, 2023, the Company announced the termination without cause of Kenneth M. Kennedy, Chief Operating Officer and President – Revenue Management and Digital Monetization, effective September 10, 2023.

Appointed

Lori J. Szwanek

Chief Accounting Officer

CSGS · CSG SYSTEMS INTERNATIONAL INC

Filed: August 30, 2023, 7:59 PM ET

Effective September 2023, Lori J. Szwanek, 57, will assume the role of Chief Accounting Officer and will serve as the Company’s principal accounting officer.

Departed

David N. Schaaf

Chief Accounting Officer and Treasurer

CSGS · CSG SYSTEMS INTERNATIONAL INC

Successor: Lori J. Szwanek
Filed: August 30, 2023, 7:59 PM ET

On August 30, 2023, the Company announced the termination without cause of David N. Schaaf, Chief Accounting Officer and Treasurer, who also serves as the Company’s principal accounting officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kenneth M. Kennedy was terminated as Chief Operating Officer and President – Revenue Management and Digital Monetization at CSG SYSTEMS INTERNATIONAL INC.

Action: terminated
Role: Chief Operating Officer and President – Revenue Management and Digital Monetization

Exact text from the filing

On August 30, 2023, the Company announced the termination without cause of Kenneth M. Kennedy, Chief Operating Officer and President – Revenue Management and Digital Monetization, effective September 10, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Lori J. Szwanek was appointed as Chief Accounting Officer at CSG SYSTEMS INTERNATIONAL INC.

Action: appointed
Role: Chief Accounting Officer

Exact text from the filing

Effective September 2023, Lori J. Szwanek, 57, will assume the role of Chief Accounting Officer and will serve as the Company’s principal accounting officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David N. Schaaf was terminated as Chief Accounting Officer and Treasurer at CSG SYSTEMS INTERNATIONAL INC.

Action: terminated
Role: Chief Accounting Officer and Treasurer

Exact text from the filing

On August 30, 2023, the Company announced the termination without cause of David N. Schaaf, Chief Accounting Officer and Treasurer, who also serves as the Company’s principal accounting officer.

View on SEC.gov

CSG SYSTEMS INTERNATIONAL INC filing history →

Source: SEC EDGAR

accession 0000950170-23-045433

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