Acushnet Holdings CFO Thomas Pacheco to resign effective August 15, 2023

Acushnet Holdings Corp.

Thomas Pacheco resigns as EVP, CFO and CAO effective Aug 15, 2023; resignation not due to any disagreement.
Severance includes 18 months base salary ($855,000) and COBRA subsidy up to 18 months or Feb 15, 2025.
Lump sum target bonus of $370,500 (65% of 2023 salary) to be paid on separation.
Certain RSUs and PSUs vesting in Feb 2024 will remain eligible; other unvested equity forfeited.
Pacheco agrees to 18-month non-compete, non-solicit, and perpetual confidentiality obligations.

item 5.02 item 9.01

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Departed

Thomas Pacheco

Executive Vice President, Chief Financial Officer and Chief Accounting Officer

GOLF · Acushnet Holdings Corp.

Effective: 2023-08-15
Filed: March 24, 2023, 7:59 PM ET

On March 20, 2023, Thomas Pacheco informed Acushnet Holdings Corp. (the “Company”) of his intent to resign as Executive Vice President, Chief Financial Officer and Chief Accounting Officer of the Company effective August 15, 2023 to pursue other interests.

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Executive change SEC 8-K Item 5.02 confidence 1.0

Thomas Pacheco departed as Executive Vice President, Chief Financial Officer and Chief Accounting Officer at Acushnet Holdings Corp..

Action: resign
Role: Executive Vice President, Chief Financial Officer and Chief Accounting Officer

Exact text from the filing

On March 20, 2023, Thomas Pacheco informed Acushnet Holdings Corp. (the “Company”) of his intent to resign as Executive Vice President, Chief Financial Officer and Chief Accounting Officer of the Company effective August 15, 2023 to pursue other interests.

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Source: SEC EDGAR

accession 0001672013-23-000016

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