---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-155656"
form_type: "8-K"
ticker: "FTDR"
cik: "0001727263"
company_name: "Frontdoor, Inc."
filed_at: "2022-05-20T23:59:59+00:00"
generated_at: "2026-06-25T08:45:08.692087+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Frontdoor CEO Rex Tibbens resigns; Chairman William Cobb appointed CEO effective June 1, 2022

## Summary
- Rexford Tibbens resigns as President, CEO and director effective June 1; will remain as advisor through June 30.
- William Cobb, previously Chairman, becomes CEO and continues as Chairman; no severance for Tibbens.
- Cobb receives $825,000 base salary, 120% target bonus, $500,000 sign-on RSUs, and $3.5M annual equity grant.
- Performance stock options vest at $35, $40, $45 VWAP targets; three-year performance shares with 0-200% payout.
- Brian McAndrews elected lead independent director as Cobb assumes both Chairman and CEO roles.

## SEC filing metadata
- accession: 0001193125-22-155656
- form_type: 8-K
- ticker: FTDR
- cik: 0001727263
- company_name: Frontdoor, Inc.
- filed_at: 2022-05-20T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1727263/000119312522155656/0001193125-22-155656-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1727263/000119312522155656/d334826d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-155656
- JSON: https://secwatch.observer/filing/0001193125-22-155656.json
- Plain text: https://secwatch.observer/filing/0001193125-22-155656.txt

## Key facts
- Executive change
  Rexford J. Tibbens resigned as President, Chief Executive Officer at Frontdoor, Inc..
  - Action: resigned
  - Role: President, Chief Executive Officer
  source text: Rexford J. Tibbens, President, Chief Executive Officer and a member of the board of directors (the “Board”) of Frontdoor, Inc. (the “Company”) notified the Board of his resignation from all positions with the Company, effective as of June 1, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1727263/000119312522155656/0001193125-22-155656-index.htm
- Executive change
  William C. Cobb was appointed as Chief Executive Officer at Frontdoor, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On May 19, 2022, the Board elected its Chairman, William C. Cobb (65), as Chief Executive Officer, effective as of the Effective Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1727263/000119312522155656/0001193125-22-155656-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.