secwatch.observer — SEC 8-K summary
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Issuer:     ACI WORLDWIDE, INC. (ACIW)
CIK:        0000935036
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001193125-22-279722
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACI Worldwide CEO Odilon Almeida departs; Thomas Warsop named interim CEO
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- Odilon Almeida's employment terminated without cause; entitled to severance subject to release and non-compete/ non-solicit covenants.
- Thomas Warsop, formerly non-executive Chair, appointed interim President & CEO; paid $325k/month plus potential $325k discretionary bonus.
- Adalio Sanchez (board member since 2015) named non-executive Chair of the Board.
- Board will conduct a comprehensive CEO search with assistance of an executive search firm.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/935036/000119312522279722/0001193125-22-279722-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/935036/000119312522279722/d405654d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-279722

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