Tronox amends 8-K to disclose compensation terms for new CFO John Srivisal
Tronox Holdings plc
New CFO Srivisal gets annual base salary of $550,000, cash target bonus of 70% of base, LTIP at 180% of base.
Severance: termination without cause yields lump sum of 1x base plus target bonus; within 12 months after change in control gets additional 12 months base salary.
Promotional LTIP grant on April 3, 2023 equals difference between prior grant and new LTIP based on new salary.
Eligible for 5 weeks vacation, 10 holidays, 10 sick days, 401(k) match and discretionary contribution totaling up to 18% combined.
In connection with Mr. Srivisal’s appointment as the Company’s Senior Vice President and Chief Financial Officer, on March 15, 2023, the Company entered into an offer letter (the “Offer Letter”) with Mr. Srivisal effective as of the Effective Date.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
John Srivisal was appointed as Senior Vice President and Chief Financial Officer at Tronox Holdings plc.
Action
appointed
Role
Senior Vice President and Chief Financial Officer
Exact text from the filing
In connection with Mr. Srivisal’s appointment as the Company’s Senior Vice President and Chief Financial Officer, on March 15, 2023, the Company entered into an offer letter (the “Offer Letter”) with Mr. Srivisal effective as of the Effective Date.
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