secwatch.observer — SEC 8-K summary
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Issuer:     ACI WORLDWIDE, INC. (ACIW)
CIK:        0000935036
Form:       8-K
Filed at:   2022-04-19T23:59:59+00:00
Accession:  0001193125-22-108704
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACI Worldwide enters new severance agreement with CEO Odilon Almeida
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- New Severance Agreement effective April 15, 2022 through April 15, 2025; prior agreement expired March 8, 2022.
- If CEO terminated without cause or for good reason (excluding CIC), lump sum of 1.5x base salary plus target bonus.
- Eligible for 18 months continued benefits at same after-tax cost, and pro-rata vesting of RSUs and PSUs.
- Benefits subject to release of claims and compliance with confidentiality, non-compete, and non-solicitation covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/935036/000119312522108704/0001193125-22-108704-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/935036/000119312522108704/d257515d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-108704

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