Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
KRFT > SEC Filings for KRFT > Form 8-K on 3-Sep-2013All Recent SEC Filings

Show all filings for KRAFT FOODS GROUP, INC. | Request a Trial to NEW EDGAR Online Pro

Form 8-K for KRAFT FOODS GROUP, INC.


3-Sep-2013

Change in Directors or Principal Officers, Financial Statements and Exhib


Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 3, 2013, we announced that Teri List-Stoll has joined Kraft as Senior Vice President of Finance and will succeed current Chief Financial Officer Timothy McLevish in the first quarter of 2014. During this transition period, Mr. McLevish will also serve as our principal accounting officer, succeeding James Kehoe.

Prior to joining Kraft, Ms. List-Stoll, age 50, served as Senior Vice President and Treasurer of The Procter & Gamble Company, a consumer packaged goods company, since 2008. She has held a number of finance leadership roles in business unit management, supply chain, sales, accounting, and financial planning and analysis since joining Procter & Gamble in 1994. Prior to that, Ms. List-Stoll was a fellow with the Financial Accounting Standards Board and spent six years at Deloitte & Touche, providing financial counsel to large multinational companies. She is also a board and audit committee member of Danaher Corporation and a founding member of the Corporate Women's Executive Forum.

The Compensation Committee of our Board of Directors approved the terms of Ms. List-Stoll's compensation as Chief Financial Officer upon succeeding Mr. McLevish as follows: base salary of $710,000, target annual incentive of 90% of base salary and long-term incentive target of $1,500,000. In addition, Ms. List-Stoll received a cash sign-on incentive of $500,000 and stock sign-on incentives as follows: $1.1 million of stock options vesting 50% on February 28, 2014, 30% on February 18, 2015 and 20% on February 18, 2016; $1.1 million of restricted stock units vesting 50% on February 28, 2014, 30% on February 18, 2015 and 20% on February 18, 2016; $1.2 million of restricted stock units vesting 100% on February 12, 2018; $300,000 of restricted stock units vesting 100% on September 6, 2016; and $300,000 of stock options vesting 33% on September 3, 2014, 33% on September 3, 2015 and 34% on September 3, 2016.

A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.



Item 9.01. Financial Statements and Exhibits.

(d) The following exhibit is filed with this Current Report on Form 8-K.

Exhibit No. Description
99.1 Kraft Foods Group, Inc. Press Release, dated September 3, 2013.


  Add KRFT to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for KRFT - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now


Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.