secwatch.observer — SEC 8-K summary
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Issuer:     Frontdoor, Inc. (FTDR)
CIK:        0001727263
Form:       8-K
Filed at:   2022-12-05T23:59:59+00:00
Accession:  0001193125-22-298048
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Frontdoor appoints Jessica Ross as CFO, replacing Brian Turcotte effective Dec 30, 2022
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- Jessica Ross named SVP & CFO, effective Dec 30, 2022; replaces Brian Turcotte who stays as advisor through Mar 31, 2023.
- Ross receives base salary of $600K, target cash incentive at 90% of base, sign-on bonus of $775K, and equity grants worth $1.8M.
- Turcotte's separation includes 12 months' base salary plus target bonus ($200K salary post-transition), COBRA, and outplacement.
- Turcotte's unvested equity forfeited; certain performance shares remain eligible to vest through 2023-2025.
- Ross previously EVP at Salesforce; brings CPA license, MBA from Wharton, and BS from UC Berkeley.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1727263/000119312522298048/0001193125-22-298048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1727263/000119312522298048/d415783d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-298048

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