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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.
Appointment of Chief Accounting Officer (principal accounting officer)
On February 22, 2021, CDK Global, Inc. (the “Company”) appointed Neil Fairfield, 45, as Vice President, Corporate Controller and Chief Accounting Officer, effective March 8, 2021 (the “Transition Date”). Mr. Fairfield succeeds Jennifer A. Williams, who will resign as Corporate Controller and Chief Accounting Officer effective as of the Transition Date.
Mr. Fairfield has over 20 years of finance experience with publicly traded companies. Most recently, Mr. Fairfield was with CDW Corporation (“CDW”) from June 2014 to December 2020, and served as CDW’s Vice President, Controller and Chief Accounting Officer from August 2015 through September 2020. Prior to CDW, Mr. Fairfield held various positions of increasing responsibility with HSBC Holdings plc from 2003 through 2014 and with JPMorganChase from 2000 through 2003. He is a member of the Institute of Chartered Accountants in England & Wales and holds an FCA. Mr. Fairfield is a graduate of the University of Nottingham, where he earned a Bachelor of Arts degree in Law and Politics.
Mr. Fairfield will receive a base salary of $380,000 and an annual bonus target of 45% of his base salary under the Company’s incentive bonus plan prorated for fiscal 2021. Additionally, he will receive a one-time sign-on equity award of restricted stock units with a target value as of the grant date of $300,000, granted pursuant to the Company’s 2014 Omnibus Award Plan (the “Plan”). As a condition to his participation in the Plan, Mr. Fairfield will execute a Restrictive Covenants Agreement that includes twelve-month noncompetition and nonsolicitation restrictions and provisions regarding confidentiality.
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: February 23, 2021||CDK Global, Inc.|
|By:||/s/ LEE J. BRUNZ|
Lee J. Brunz
Executive Vice President, General Counsel and Secretary