secwatch.observer — SEC 8-K summary
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Issuer:     KEYCORP /NEW/ (KEY)
CIK:        0000091576
Form:       8-K
Filed at:   2023-03-16T23:59:59+00:00
Accession:  0001193125-23-072604
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

KeyCorp names Clark Khayat as CFO, replacing retiring Donald Kimble
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- Donald R. Kimble retired as CFO on March 16; remains Vice Chairman and CAO until May 1, 2023.
- Clark H. I. Khayat, previously Chief Strategy Officer, appointed CFO effective March 16.
- Khayat's STI target raised to $1.1M (from $900k) and LTI target to $1.5M (from $1.2M); base salary unchanged at $600k.
- Kimble eligible for prorated 2023 STI and continued vesting of outstanding LTI awards post-retirement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91576/000119312523072604/0001193125-23-072604-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91576/000119312523072604/d463925d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-072604

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