secwatch.observer — SEC 8-K summary
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Issuer:     CONNS INC (—)
CIK:        0001223389
Form:       8-K
Filed at:   2024-02-16T23:59:59+00:00
Accession:  0001223389-24-000008
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Conn's sets CEO pay at $1M salary, 150% bonus target; promotes Santo to CFO
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- CEO Norman Miller receives base salary of $1M, target bonus 150% of base ($1.5M), max 200% ($3M).
- Miller's severance agreement provides 24 months salary on non-cause termination; change-of-control triggers 3x salary lump sum plus full vesting.
- CFO Timothy Santo promoted from interim; base salary increases to $475k from $350k, bonus unchanged at 50% target, 100% max.
- Santo joined Conn's in April 2023 as VP and CAO; served as interim CFO since Nov 2023.
- Both executives eligible for annual long-term incentive awards determined by Compensation Committee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1223389/000122338924000008/0001223389-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1223389/000122338924000008/conn-20240215.htm
  HTML page:      https://secwatch.observer/filing/0001223389-24-000008

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