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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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 (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On December 12, 2019, the Board of Directors of ACI Worldwide, Inc. (the “Company”) appointed Craig Saks, age 49, as Chief Operating Officer and Interim President and Chief Executive Officer of the Company, effective January 1, 2020. Mr. Saks presently serves as Chief Operating Officer of the Company.
On December 9, 2019, the Board of Directors granted Mr. Saks a retention award of restricted stock units (“RSUs”) with a grant date value of $1.0 million pursuant to the Company’s 2016 Equity Incentive Plan, as amended. The RSUs will vest upon the earlier of (1) the 18-month anniversary of the grant date and (2) termination of employment without cause.
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.
| ACI WORLDWIDE, INC. | ||
| By: |
/s/ Dennis P. Byrnes | |
| Name: |
Dennis P. Byrnes | |
| Title: |
Executive Vice President and General Counsel | |
Date: December 13, 2019
Document and Entity Information |
Dec. 09, 2019 |
|---|---|
| Cover [Abstract] | |
| Amendment Flag | false |
| Entity Central Index Key | 0000935036 |
| Document Type | 8-K |
| Document Period End Date | Dec. 09, 2019 |
| Entity Registrant Name | ACI WORLDWIDE, INC. |
| Entity Incorporation State Country Code | DE |
| Entity File Number | 0-25346 |
| Entity Tax Identification Number | 47-0772104 |
| Entity Address, Address Line One | 3520 Kraft Rd |
| Entity Address, Address Line Two | Suite 300 |
| Entity Address, City or Town | Naples |
| Entity Address, State or Province | FL |
| Entity Address, Postal Zip Code | 34105 |
| City Area Code | (239) |
| Local Phone Number | 403-4600 |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Security 12b Title | Common Stock, $0.005 par value |
| Trading Symbol | ACIW |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | false |