LendingTree, Inc 8-K, filed May 21, 2021
LendingTree, Inc. (TREE)
About this 8-K
LendingTree, Inc filed this 8-K on May 21, 2021, reporting on events of May 14, 2021.
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):
May 21, 2021 (
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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.
As disclosed in our Form 8-K filed on April 29, 2021, Trent Ziegler, Vice President, Investor Relations and Treasurer of LendingTree, Inc. (“we,” “us” or “the Company”), has been appointed as our Chief Financial Officer, effective May 17, 2021. Mr. Ziegler will continue to serve as our Treasurer.
On May 14, 2021, the compensation committee of the board of directors of the Company (the “Committee”) approved certain changes to the compensation of Mr. Ziegler in connection with and contingent upon his transition to the role of Chief Financial Officer. Effective May 23, 2021, Mr. Ziegler will be provided with an increase in his annual base salary to $325,000. Mr. Ziegler will also receive an increase in his annual bonus opportunity to 50% of his annual base salary and be eligible to receive an annual grant of equity awards, with each annual grant having an aggregate target grant date fair value of $800,000. Mr. Ziegler’s increased annual bonus opportunity and eligibility to receive an annual grant of equity awards are effective as of January 1, 2021. On or about June 3, 2021, Mr. Ziegler will be granted a one-time equity award, 50% of which will be in non-qualified stock options and 50% of which will be in restricted stock units. The award will have a grant date fair value of $600,000 and vest in equal annual installments over three years. Mr. Ziegler will also be a participant in the LendingTree Executive Severance Pay Plan as a Tier A executive.
SIGNATURE
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.
| Date: May 21, 2021 | ||
| LENDINGTREE, INC. | ||
| By: | /s/ Lisa M. Young | |
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Lisa M. Young General Counsel | ||