TMCnet News
ACXIOM CORP FILES (8-K) Disclosing Change in Directors or Principal Officers(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 31, 2014, Acxiom Corporation (the "Company") entered into a Deferred Compensation Plan (the "Plan") with Dr. Phil Mui, the Company's Chief Product and Engineering Officer and Executive Vice President. Under the terms of the Plan, the Company agreed to credit a Deferred Compensation Account (the "Account") with $100,000 per year over a five-year period for the benefit of Dr. Mui, or any beneficiary he designates. Amounts credited to the Account, as adjusted for earnings or losses, will become fully vested on the fifth anniversary of the date on which such amount was originally credited to the Account or in the event of Dr. Mui's death or disability. Both the vesting of amounts in the Account and the Company's obligation to pay those amounts are contingent on Dr. Mui remaining employed by the Company through the date of the applicable event. -------------------------------------------------------------------------------- [ Back To TMCnet.com's Homepage ] |