Herbalife appoints John DeSimone CFO; grants $7.25M in stock appreciation rights

HERBALIFE LTD.

John DeSimone appointed CFO effective March 17, 2024; employment agreement executed March 27, 2024, term through March 26, 2026.
Award of SARs with grant date fair value of $7,250,000; vests 50% on first anniversary and 50% on second anniversary.
SARs have ten-year term; forfeiture on voluntary resignation or cause termination before second anniversary.
Pro-rata vesting on termination without cause; full acceleration within 24 months after change in control.

item 5.02

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Appointed

John DeSimone

Chief Financial Officer

HLF · HERBALIFE LTD.

Effective: 2024-03-17
Filed: March 28, 2024, 7:59 PM ET

executed an employment agreement with John DeSimone in connection with his appointment as the Company’s Chief Financial Officer (the “CFO Employment Agreement”), effective March 17, 2024.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

John DeSimone was appointed as Chief Financial Officer at HERBALIFE LTD..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

executed an employment agreement with John DeSimone in connection with his appointment as the Company’s Chief Financial Officer (the “CFO Employment Agreement”), effective March 17, 2024.

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HERBALIFE LTD. filing history →

Source: SEC EDGAR

accession 0001193125-24-080572

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