Goodyear Tire & Rubber Co 8-K, filed Apr 3, 2023
Goodyear Tire & Rubber Co (GT)
About this 8-K
Goodyear Tire & Rubber Co filed this 8-K on April 3, 2023, reporting on events of March 31, 2023.
Items reported
- Item 5.02: Director or officer change, or executive pay
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
Date of Report (Date of earliest event reported): (
Month 1, 2023
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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 March 31, 2023, The Goodyear Tire & Rubber Company (“Goodyear”) elected Margaret V. Snyder as Vice President and Controller, effective April 1, 2023. Ms. Snyder succeeds Evan M. Scocos, who will become Vice President, Finance – Americas, also effective April 1, 2023.
Ms. Snyder, 38, joined Goodyear in April 2020 and was Director, Corporate Accounting and Financial Reporting, until November 30, 2022 and was Controller, Latin America, from December 1, 2022 until March 31, 2023.
Prior to joining Goodyear, Ms. Snyder spent thirteen years in public accounting at Ernst & Young LLP, where she held various professional staff and manager positions of increasing responsibility, including Senior Manager, Accounting & Auditing, from October 2015 to April 2020.
In connection with her appointment, Ms. Snyder will receive an annual base salary of $345,000 and will participate in Goodyear’s Executive Annual Incentive Plan, with a target annual incentive of $207,000. Ms. Snyder also received a long-term incentive grant with a value of $203,000 under Goodyear’s 2022 Performance Plan, composed of restricted stock units, performance share units and cash-settled performance units.
Additionally, Ms. Snyder will participate in the Executive Severance and Change in Control Plan and the Defined Contribution Excess Benefit Plan, as well as other benefit plans and programs that generally are available to Goodyear’s officers and associates.
Ms. Snyder is not an “executive officer” of Goodyear as defined by Rule 3b-7 under the Securities Exchange Act of 1934.
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.
| THE GOODYEAR TIRE & RUBBER COMPANY | ||||||
| Date: April 3, 2023 | By | /s/ Daniel T. Young | ||||
| Daniel T. Young | ||||||
| Secretary | ||||||