secwatch.observer — SEC 8-K summary
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Issuer:     Mastercard Inc (MA)
CIK:        0001141391
Form:       8-K/A
Filed at:   2023-05-19T23:59:59+00:00
Accession:  0001141391-23-000083
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mastercard extends Michael Froman's departure to Dec 31; Advisor to CEO from June 1 at reduced pay
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- Michael Froman will stay until Dec 31, 2023, extended from May 2023, to ensure seamless transition.
- Effective June 1, Froman becomes Advisor to CEO at 25% schedule with annual salary of $181,250.
- 2023 bonus target set at 125% of part-time base salary, prorated to June 1; no new equity awards for 2023.
- Existing equity awards remain unmodified; Froman was Vice Chairman and President, Strategic Growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141391/000114139123000083/0001141391-23-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141391/000114139123000083/ma-20230228.htm
  HTML page:      https://secwatch.observer/filing/0001141391-23-000083

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer