SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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|Item 5.02.|| |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Jeremy M. Wilmot will cease serving as Chief Product Officer of ACI Worldwide, Inc. (the “Company”) on July 5, 2022, and then serve as Special Advisor to the Company’s Chief Executive Officer (the “CEO”).
During his service as Special Advisor to the CEO, Mr. Wilmot will (1) receive a salary of $7,600 for 40 hours worked monthly, (2) receive an additional $190 per hour worked in excess of 40 hours monthly, (3) remain eligible to receive an award under the Company’s 2022 short-term incentive program, with a target award equal to 100% of his base salary actually earned for 2022, (4) continue to vest in his outstanding equity-based awards in accordance with their terms, and (5) remain eligible for benefits available to part-time employees. The CIC severance agreement to which Mr. Wilmot is a party will remain in effect unless and until that agreement is terminated in accordance with its terms.
Debbie Guerra, who heads the Company’s Merchant segment, will serve as the Company’s Chief Product Officer commencing July 5, 2022.
|Item 9.01.|| |
Financial Statements and Exhibits.
|104||Cover Page Interactive Data File (embedded within the Inline XBRL document)|
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
ACI WORLDWIDE, INC.
|Date: June 6, 2022||
|Chief Human Resources Officer|