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As Of Filer Filing For·On·As Docs:Size 8/09/22 Brink’s Co. 8-K:5,8,9 8/09/22 11:230K |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 48K 2: EX-99.1 Miscellaneous Exhibit HTML 12K 6: R1 Cover HTML 47K 9: XML IDEA XML File -- Filing Summary XML 11K 7: XML XBRL Instance -- bco-20220809_htm XML 22K 8: EXCEL IDEA Workbook of Financial Reports XLSX 8K 4: EX-101.LAB XBRL Labels -- bco-20220809_lab XML 70K 5: EX-101.PRE XBRL Presentations -- bco-20220809_pre XML 34K 3: EX-101.SCH XBRL Schema -- bco-20220809 XSD 10K 10: JSON XBRL Instance as JSON Data -- MetaLinks 12± 17K 11: ZIP XBRL Zipped Folder -- 0000078890-22-000350-xbrl Zip 21K
bco-20220809 |
THE BRINK’S COMPANY |
i Virginia | i 001-09148 | i 54-1317776 | ||||||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
i Common Stock, par value $1.00 per share | i BCO | i New York Stock Exchange |
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Annual Base Salary | $600,000. | ||||
Annual Bonus | Participation in the Brink’s Incentive Plan (“BIP”) with a target of 80% of earned base salary, with the actual payout ranging from 0% to 200% of target, subject to a maximum of 160% of earned base salary. The 2022 bonus payment will not be prorated based on the full calendar year through December 31, 2022. |
Long-Term Incentive Awards | Eligibility for equity awards consistent with those granted to other senior executives of Company, with a target long-term incentive opportunity of $2.1 million (the “LTI”). These awards will consist of the following, subject to the approval of the Compensation and Human Capital Committee (the “Committee”) •25%
of the LTI composed of restricted stock units (“RSUs”), which will vest in three equal annual installments; and •25% of the LTI composed of relative total shareholder return performance share units, which have a three-year performance period ending December 31, 2024 with a payout between 0% and 200% of target shares based on total shareholder return goals approved by the Committee. •50% of the LTI composed of internal metric performance share units (“IM PSUs”), which have a three-year performance period ending December 31, 2024, with a payout between 0% and 200% of target shares based on achievement of a three-year total non-GAAP EBITDA target. Additionally,
Mr. McMaken will be eligible for a sign-on target long term incentive opportunity of $1.3 million, subject to the approval of the Committee (the “Sign-on LTI”), which is intended to buy out equity that will be forfeited by Mr. McMaken with his former employer. The Sign-on LTI consists of the following, subject to the approval of the Committee: •40% of the Sign-on LTI composed of IM PSUs with the same terms as noted above and •60% of the Sign-on LTI composed of RSUs, which will vest in two equal annual installments. | ||||
Sign-on Bonus | Mr. McMaken will receive a one-time cash payment of $500,000 at a date to be agreed upon Mr. McMaken and the Company, which is intended to provide near term cash flow that Mr. McMaken will forfeit by leaving his former employer and must be repaid in full in the event Mr. McMaken voluntarily leaves the Company within 12 months of his start date. | ||||
Employee Benefits | Mr. McMaken will be eligible for the following employee benefits: •Employee benefits and perquisites on the same basis as other senior executives of the Company; and •Relocation assistance pursuant to the Company’s
relocation policy up to $100,000, as well as a taxable, temporary housing reimbursement of up to $5,000 per month for the 12-month period from Mr. McMaken’s start date. | ||||
Termination and Change in Control Benefits | Mr. McMaken will be eligible to participate in the Company’s Severance Pay Plan as a Tier 2 Participant. Additionally, Mr. McMaken will also be eligible to participate in the Company’s Change in Control Plan. | ||||
Stock Ownership Guidelines | Consistent with the Company’s Executive Officer Stock Ownership Guidelines, Mr. McMaken will be subject to a stock ownership guideline of three times base salary. |
Item 8.01 | Other Events. |
Item 9.01 | Financial Statements and Exhibits. | ||||||||||
(d) | Exhibits | ||||||||||
99.1 | |||||||||||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
THE BRINK’S COMPANY (Registrant) | ||||||||
Date: August 9, 2022 | By: | /s/ Lindsay K. Blackwood | ||||||
Lindsay K. Blackwood | ||||||||
Executive Vice President |
This ‘8-K’ Filing | Date | Other Filings | ||
---|---|---|---|---|
12/31/24 | None on these Dates | |||
12/31/22 | ||||
8/24/22 | ||||
Filed on / For Period end: | 8/9/22 | |||
List all Filings |