secwatch.observer — SEC 8-K summary
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Issuer:     ACCO BRANDS Corp (ACCO)
CIK:        0000712034
Form:       8-K
Filed at:   2023-09-29T23:59:59+00:00
Accession:  0000950170-23-050739
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712034/000095017023050739/0000950170-23-050739-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712034/000095017023050739/acco-20230926.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-050739

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