Gates Industrial awards 754,830 RSUs to three NEOs; COO Lifsey transitions to part-time role

Gates Industrial Corp plc

CEO Ivo Jurek receives 560,000 RSUs; CFO Brooks Mallard 118,380; CMO Thomas Pitstick 76,450 (vest in equal thirds over 3 years).
Walter Lifsey resigns as COO effective Aug 1, 2022; becomes part-time Executive Fellow through Sep 1, 2023 at $300,000 annual salary.
Lifsey's outstanding equity awards continue to vest during part-time period; he remains eligible for health/welfare plans and reduced bonus.
Retention grants aim to enhance retention of named executive officers; Lifsey's transition is voluntary retirement with continuity support.

item 5.02 item 9.01

Executive movements

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Departed

Walter Lifsey

Executive Vice President and Chief Operating Officer

GTES · Gates Industrial Corp plc

Effective: 2022-08-01
Filed: July 29, 2022, 7:59 PM ET

Walter Lifsey notified Gates Industrial Corporation plc (the “Company”) of his intention to transition from his position as Executive Vice President and Chief Operating Officer to a new non-executive officer role, effective August 1, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Walter Lifsey changed role as Executive Vice President and Chief Operating Officer at Gates Industrial Corp plc.

Action: transitioned
Role: Executive Vice President and Chief Operating Officer

Exact text from the filing

Walter Lifsey notified Gates Industrial Corporation plc (the “Company”) of his intention to transition from his position as Executive Vice President and Chief Operating Officer to a new non-executive officer role, effective August 1, 2022.

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Gates Industrial Corp plc filing history →

Source: SEC EDGAR

accession 0001718512-22-000039

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