---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-049666"
form_type: "8-K"
ticker: "CBZ"
cik: "0000944148"
company_name: "CBIZ, Inc."
filed_at: "2024-12-03T23:59:59+00:00"
generated_at: "2026-05-29T10:50:36.585141+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# CBIZ names Brad Lakhia as next CFO, succeeding retiring Ware Grove effective March 17, 2025

## Summary
- Brad Lakhia appointed SVP & CFO effective March 17, 2025; Ware Grove retiring after 24 years.
- Lakhia base salary $625,000, target STI 80%, initial equity grant $1.7M plus $2M transition RSUs.
- Michael Mangan promoted to Chief Accounting Officer upon Grove's retirement.
- Lakhia was EVP & CFO of OPENLANE (KAR); previously VP Finance at Goodyear (GT).
- Transition planned; Lakhia to join from OPENLANE by March 1, 2025.

## SEC filing metadata
- accession: 0001628280-24-049666
- form_type: 8-K
- ticker: CBZ
- cik: 0000944148
- company_name: CBIZ, Inc.
- filed_at: 2024-12-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/944148/000162828024049666/0001628280-24-049666-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/944148/000162828024049666/cbz-20241127.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-049666
- JSON: https://secwatch.observer/filing/0001628280-24-049666.json
- Plain text: https://secwatch.observer/filing/0001628280-24-049666.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.