Aptiv PLC 8-K, filed Dec 16, 2022
Aptiv PLC (APTV)
8-K
2022-12-16
For: 2022-12-15
View Original
Added on
April 08, 2026
About this 8-K
Aptiv PLC filed this 8-K on December 16, 2022, reporting on events of December 15, 2022.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
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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.
On December 15, 2022, Aptiv PLC (the “Company”) announced that William T. Presley, currently the Company’s Senior Vice President and President, Signal and Power Solutions (“S&PS”), had been named Aptiv’s Senior Vice President and Chief Operating Officer, while continuing in his current role as President of S&PS, effective immediately.
Mr. Presley, 53, joined Aptiv in January 2019 as President of the Electrical Distribution Systems business unit and was named Senior Vice President and President, S&PS, effective September 2020. Prior to joining Aptiv, he was at Lear Corporation. Mr. Presley served as Lear’s Vice President of the Wire Harness and Component business unit from 2018 to 2019, Vice President of the Component business unit in 2017 and Vice President, Global Electrical Engineering from 2013 to 2017. He began his Lear career in 2008 and held several leadership positions of increasing responsibility. Before joining Lear, Mr. Presley held several positions at Chrysler Corporation. Mr. Presley also served in both the U.S. Army and the Michigan Army National Guard for a combined total of 13 years as a Field Artillery Officer. Mr. Presley graduated from Norwich Military University with a Bachelor of Science degree in Electrical Engineering. In addition, he holds a Master of Engineering degree with a concentration in Electromagnetic Physics from the University of Detroit and an MBA with a concentration in Finance from Oakland University.
Mr. Presley has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
The Compensation and Human Resources Committee of the Board approved the following compensation arrangements for Mr. Presley in his new role:
•Annual base salary of $900,000
•Annual bonus target of 100% of base salary
•A long-term incentive award with a target value of $3.5 million in the form of 40% time-based vesting and 60% performance based vesting restricted stock units, to be made in the normal course.
The terms and conditions of Mr. Presley’s employment and compensation, including the application of his existing post-service covenants, including non-compete and non-solicitation provisions, will continue to apply.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: | December 16, 2022 | APTIV PLC | ||||||||||||
| By: | /s/ Katherine H. Ramundo | |||||||||||||
| Katherine H. Ramundo | ||||||||||||||
| Senior Vice President, Chief Legal Officer, Chief Compliance Officer and Secretary | ||||||||||||||
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