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As Of Filer Filing For·On·As Docs:Size 6/30/17 Bristow Group Inc 8-K:5,9 6/30/17 2:180K |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 25K 2: EX-10.1 Material Contract HTML 88K
Document |
Delaware (State or other jurisdiction of
incorporation) | (Commission File Number) | 72-0679819 (IRS Employer Identification No.) |
2103 City West Blvd., 4th Floor Houston,
Texas (Address of principal executive offices) | 77042 (Zip Code) |
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c)) |
Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
• | Cash Payments |
◦ | A lump sum cash payment of $752,716 will be paid to Mr. Akiri on or prior to August 8, 2017 (the “Payment Date”) as severance pay equal to twelve months salary, his target bonus for fiscal year 2018 and a pro-rated portion of his target bonus covering the period from April
1, 2017 to his Effective Departure Date; |
◦ | The Company will pay Mr. Akiri his annual bonus for the fiscal year ended March 31, 2017, in accordance with the Company’s Annual Incentive Compensation Plan and based on actual performance results, in the amount of $94,542; and |
◦ | A separate payment
of $30,925 will be paid to Mr. Akiri on or prior to the Payment Date as payment for unused vacation days. |
• | Equity Treatment and Performance Awards |
◦ | Mr. Akiri’s unvested stock options and unvested restricted stock unit grants awarded in June 2015 and June 2016 shall fully vest on the Payment Date; |
◦ | Mr.
Akiri’s vested stock options shall remain exercisable for twelve months following the Payment Date; and |
◦ | Mr. Akiri’s performance cash awards that were awarded in June 2015 and June 2016 shall become fully vested and earned at the target performance level, and shall be paid to Mr. Akiri on the Payment Date. |
• | Miscellaneous Benefits |
◦ | Mr.
Akiri will also receive outplacement services for up to twelve months following the Effective Departure Date; |
◦ | The Company will pay to Mr. Akiri certain relocation benefits under the Company’s U.S. Relocation Policy such that Mr. Akiri retains the sum of $42,000 after satisfaction of all applicable taxes with respect to such payment; |
◦ | The
Company will pay to Mr. Akiri additional compensation of $35,416.67 so long as he provides diligent assistance with the transition of his duties during the thirty days following the Effective Departure Date; and |
◦ | The Company will reimburse Mr. Akiri and his beneficiaries for COBRA insurance coverage for up to 18 months starting on the first day of the month following the Effective Departure Date. |
BRISTOW GROUP INC. | ||||
Date: June 30, 2017 | By: | /s/
David C. Searle | ||
Interim General Counsel and Corporate Secretary |
This ‘8-K’ Filing | Date | Other Filings | ||
---|---|---|---|---|
8/8/17 | ||||
Filed on / For Period End: | 6/30/17 | DEFA14A | ||
6/28/17 | ||||
6/8/17 | 3, 8-K | |||
4/1/17 | ||||
3/31/17 | 10-K | |||
5/20/15 | 10-K, 8-K | |||
6/4/14 | 4, 8-K | |||
List all Filings |