0000950103-15-007683.txt : 20150928 0000950103-15-007683.hdr.sgml : 20150928 20150928171141 ACCESSION NUMBER: 0000950103-15-007683 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150924 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20150928 DATE AS OF CHANGE: 20150928 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MCGRAW HILL FINANCIAL INC CENTRAL INDEX KEY: 0000064040 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-CONSUMER CREDIT REPORTING, COLLECTION AGENCIES [7320] IRS NUMBER: 131026995 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-01023 FILM NUMBER: 151128140 BUSINESS ADDRESS: STREET 1: 55 WATER STREET CITY: NEW YORK STATE: NY ZIP: 10041 BUSINESS PHONE: 212-438-1000 MAIL ADDRESS: STREET 1: 55 WATER STREET CITY: NEW YORK STATE: NY ZIP: 10041 FORMER COMPANY: FORMER CONFORMED NAME: MCGRAW-HILL COMPANIES INC DATE OF NAME CHANGE: 19950502 FORMER COMPANY: FORMER CONFORMED NAME: MCGRAW HILL INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: MCGRAW PUBLISHING CO DATE OF NAME CHANGE: 19670327 8-K/A 1 dp60036_8ka.htm FORM 8-K/A

 

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

 

FORM 8-K/A

 

(Amendment No. 1)

 

 

 

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): September 24, 2015

 

 

 

McGRAW HILL FINANCIAL, INC.

(Exact name of registrant as specified in its charter)

 

 
         

New York

(State or other jurisdiction of

incorporation or organization)

  

1-1023

(Commission

File Number)

  

13-1026995

(I.R.S. Employer

Identification No.)

 

55 Water Street, New York, New York 10041

(Address of principal executive offices) (Zip Code)

 

(212) 438-1000

(Registrant’s telephone number, including area code)

 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨   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

 

In connection with the resignation of Neeraj Sahai, the former President of Standard & Poor’s Rating Services, as previously disclosed by McGraw Hill Financial, Inc. (the “Company”) on September 8, 2015, Mr. Sahai and the Company have entered into a separation agreement dated September 24, 2015 under which they have agreed that, in consideration for Mr. Sahai’s execution of a release of claims against the Company and his compliance with certain covenants relating to the Company, his departure from the Company will be treated as (i) a “qualified termination of employment” for purposes of the Company’s Senior Executive Severance Plan, entitling him to the standard severance package contemplated by the plan; (ii) a termination other than for “cause” for purposes of the Key Executive Short-Term Incentive Compensation Plan, entitling him to a pro-rated annual bonus for 2015 under the terms of the plan; (iii) a termination other than for “cause” under the 2002 Stock Incentive Plan, allowing him to retain certain of his outstanding equity awards, as follows: 13,443 of his outstanding 2014 restricted share units, 2,383 of his outstanding 2015 restricted share units, 7,497 of his outstanding 2014 performance share units, 5,561 of his outstanding 2015 performance share units and 6,349 of his 2014 stock options; and (iv) reimbursement of legal fees of up to $15,000.

 

 
 

SIGNATURE

 

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.

 

Dated: September 28, 2015

 

       
  By:

/s/ Scott L. Bennett 

  
  Name: Scott L. Bennett  
  Title: Senior Vice President, Associate General Counsel and Secretary