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MMS > SEC Filings for MMS > Form 8-K on 6-Jun-2014All Recent SEC Filings

Show all filings for MAXIMUS INC

Form 8-K for MAXIMUS INC


Change in Directors or Principal Officers, Financial Statements and Exhibits

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

On June 6, 2014, MAXIMUS announced that its Board of Directors has appointed Richard J. Nadeau as the Company's Chief Financial Officer and Treasurer. A copy of the press release announcing the appointment of Mr. Nadeau is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Mr. Nadeau's annual base salary is $425,000, and his target for the Management Bonus Program ("MBP") is 65% of his base salary. He will be eligible for MBP and long-term equity awards and will participate in the Income Continuity Plan on the same terms and conditions applicable to other executives of the Company. He will receive a sign-on bonus of $250,000 which must be repaid in full if he voluntarily terminates his employment or is terminated for cause within the first year. He will also receive a grant of restricted stock units ("RSUs") valued at $750,000 which will vest in equal installments over a five-year period with the first vesting on September 30, 2014. Any unvested RSUs will be forfeited if he voluntarily terminates his employment or is terminated for cause.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. The following exhibit is being furnished pursuant to Item 5.02 above.

Exhibit No. Description

99.1 Press release dated June 6, 2014

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