UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
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Emerging growth company
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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. |
The Board of Directors of TechnipFMC plc (the “Company”) has appointed Cristina Aalders, the Company’s Chief Compliance Officer, as Executive Vice President, Chief Legal Officer and Secretary, effective July 31, 2023. Ms. Aalders succeeds Victoria Lazar, who will no longer serve as Executive Vice President, Chief Legal Officer and Secretary of the Company effective July 31, 2023. Ms. Lazar will continue as an employee of the Company through August 31, 2023, to ensure an orderly transition of her duties.
In connection with Ms. Lazar’s departure, the Company entered into a Separation, Release and Waiver of Claims and Restrictive Covenant Agreement (the “Agreement”), dated July 31, 2023, pursuant to which Ms. Lazar will be entitled to the following benefits: (a) payment equal to two times the sum of her base salary and annual target bonus, payable over 48 bi-weekly pay periods, (b) a pro rata bonus for 2023 based on target performance, payable within 30 days of her separation, (c) the full cost of medical, dental and vision benefits for up to 18 months or, if earlier, the date she is eligible for coverage under another employer’s group medical, dental and vision plans, (d) tax preparation assistance for her years of employment, and (e) up to twelve months of outplacement services, in exchange for a release of claims, her continued compliance with 24-month post-termination non-competition and non-solicitation covenants, her ongoing cooperation with the Company, a mutual non-disparagement covenant and covenants regarding confidential information.
The foregoing summary of the Agreement does not purport to be complete and is qualified in its entirety by the complete text of the Agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit No. |
Description | |
| 10.1 | Separation, Release and Waiver of Claims and Restrictive Covenant Agreement | |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101) | |
SIGNATURES
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 hereunto duly authorized.
| TechnipFMC plc | ||||||||
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By: /s/ Alf Melin |
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| Dated: July 31, 2023 | Name: Alf Melin | |||||||
| Title: Executive Vice President and Chief Financial Officer | ||||||||