Acushnet names Sean Sullivan as EVP and CFO effective June 1, 2023

Acushnet Holdings Corp.

Sean Sullivan appointed EVP and CFO, effective June 1, 2023; he will resign from Board same date.
Thomas Pacheco resigns as EVP, CFO and CAO effective June 1, 2023; remains in transitional role until Aug 15, 2023.
Sullivan's base salary set at $675,000; annual cash incentive target 85% of base; annual LTI target $2,000,000.
One-time new hire RSU grant of $3,500,000 vesting over 2 years; accelerated vesting on termination without cause.
Sullivan previously CFO of SiriusXM and AMC Networks; has been on Acushnet board since Oct 2016.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Sean Sullivan

Director

GOLF · Acushnet Holdings Corp.

Effective: 2023-06-01
Filed: April 5, 2023, 7:59 PM ET

Mr. Sullivan informed the Company of his intent to resign from the Board, effective June 1, 2023.

Departed

Thomas Pacheco

Executive Vice President, Chief Financial Officer and Chief Accounting Officer

GOLF · Acushnet Holdings Corp.

Effective: 2023-06-01
Successor: Sean Sullivan
Filed: April 5, 2023, 7:59 PM ET

Thomas Pacheco, the Company’s current Executive Vice President, Chief Financial Officer and Chief Accounting Officer, will resign from his position (as previously disclosed in the Company’s March 24, 2023 8-K filing), effective as of June 1, 2023, but will remain with the Company in a transitional role until August 15, 2023.

Appointed

Sean Sullivan

Executive Vice President and Chief Financial Officer

GOLF · Acushnet Holdings Corp.

Effective: 2023-06-01
Filed: April 5, 2023, 7:59 PM ET

On April 3, 2023, Sean Sullivan accepted an offer from Acushnet Holdings Corp. (the “Company”) to become its Executive Vice President and Chief Financial Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Sean Sullivan departed as Director at Acushnet Holdings Corp..

Action: resign
Role: Director

Exact text from the filing

Mr. Sullivan informed the Company of his intent to resign from the Board, effective June 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

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

Thomas Pacheco, the Company’s current Executive Vice President, Chief Financial Officer and Chief Accounting Officer, will resign from his position (as previously disclosed in the Company’s March 24, 2023 8-K filing), effective as of June 1, 2023, but will remain with the Company in a transitional role until August 15, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Sean Sullivan was appointed as Executive Vice President and Chief Financial Officer at Acushnet Holdings Corp..

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On April 3, 2023, Sean Sullivan accepted an offer from Acushnet Holdings Corp. (the “Company”) to become its Executive Vice President and Chief Financial Officer.

View on SEC.gov

Acushnet Holdings Corp. filing history →

Source: SEC EDGAR

accession 0001672013-23-000021

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