ACCO Brands approves CEO Tedford's compensation: $850k salary, $900k LTIP, effective Oct 1

ACCO BRANDS Corp

Thomas W. Tedford named President and CEO effective Oct 1, 2023; annual salary $850k, target AIP 120% of salary.
Tedford receives LTIP award of $900k (67% PSUs, 33% RSUs).
Boris Elisman becomes Executive Chairman effective Oct 1; salary $750k, target AIP 100% of salary.
Tedford's severance: involuntary termination pays 24 months base plus 2 years target bonus; change-of-control pays 2.99x base plus 2.99x target bonus.
Elisman no longer eligible for the Executive Severance Plan as of Oct 1, 2023.

item 5.02 item 9.01

Executive movements

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Appointed

Boris Elisman

Executive Chairman

ACCO · ACCO BRANDS Corp

Effective: 2023-10-01
Filed: September 29, 2023, 7:59 PM ET

Compensation of Boris Elisman as Executive Chairman, effective October 1, 2023

Appointed

Thomas W. Tedford

President and Chief Executive Officer

ACCO · ACCO BRANDS Corp

Effective: 2023-10-01
Filed: September 29, 2023, 7:59 PM ET

Compensation of Thomas W. Tedford as President and Chief Executive Officer, effective October 1 , 2023

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.7

Boris Elisman was appointed as Executive Chairman at ACCO BRANDS Corp.

Role: Executive Chairman

Exact text from the filing

Compensation of Boris Elisman as Executive Chairman, effective October 1, 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.8

Thomas W. Tedford was appointed as President and Chief Executive Officer at ACCO BRANDS Corp.

Role: President and Chief Executive Officer

Exact text from the filing

Compensation of Thomas W. Tedford as President and Chief Executive Officer, effective October 1 , 2023

View on SEC.gov

ACCO BRANDS Corp filing history →

Source: SEC EDGAR

accession 0000950170-23-050739

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