2023-04-05 16:50:07 ET
- Acushnet ( NYSE: GOLF ) disclosed in an SEC filing Wednesday that Sean Sullivan will become EVP and chief financial officer, effective June 1.
- Thomas Pacheco, current EVP, CFO and CAO, will resign from his position, effective June 1, but will remain in a transitional role until August 15.
- Sullivan currently serves as EVP and CFO of SiriusXM.
- Prior to that, Sullivan served as EVP and CFO of AMC Networks from 2011 to 2020.
- Sullivan, who has been on the company's board since October 2016, will step down from the board.
- Sullivan’s base salary will be set at $675,000, annual cash incentive opportunity will be 85% of his base salary and his annual long term incentive target grant will be $2 million.
- An equity grant is expected to be awarded to Sullivan at his commencement of employment with a grant date fair value of $3.5 million.
- SEC Filing .
For further details see:
Acushnet appoints Sean Sullivan from SiriusXM as its next CFO - filing