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Ford Motor | 8-K: Amendment and Restatement Defined Benefit Supplemental Executive Retirement Plan, Executive Separation Allowance Plan and Select Retirement Plan

SEC announcement ·  Mar 15 04:37
Summary by Futu AI
On March 14, 2024, Ford Motor Company announced the approval and immediate effectuation of amendments and restatements to its executive compensation plans. The Board of Directors has closed the Defined Benefit Supplemental Executive Retirement Plan (DB SERP), Executive Separation Allowance Plan (ESAP), and Select Retirement Plan (SRP) to new participants as of the same date. These changes are detailed in Exhibits 10.1, 10.2, and 10.3, which were filed with the report. The amendments aim to modify the company's existing benefit structures for its executives, although the specific nature of the amendments was not disclosed in the announcement.
On March 14, 2024, Ford Motor Company announced the approval and immediate effectuation of amendments and restatements to its executive compensation plans. The Board of Directors has closed the Defined Benefit Supplemental Executive Retirement Plan (DB SERP), Executive Separation Allowance Plan (ESAP), and Select Retirement Plan (SRP) to new participants as of the same date. These changes are detailed in Exhibits 10.1, 10.2, and 10.3, which were filed with the report. The amendments aim to modify the company's existing benefit structures for its executives, although the specific nature of the amendments was not disclosed in the announcement.
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