Business Context and Reporting Period
This Form 8-K filing by Consensus Cloud Solutions, Inc. (CCSI) reports on executive appointments effective April 1, 2026. The company is incorporated in Delaware and trades on the Nasdaq Stock Market LLC under the symbol CCSI.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on executive compensation and equity grants.
Material Changes
The primary material change reported is the promotion and appointment of two senior officers effective April 1, 2026:
- Adam Varon appointed as Chief Financial Officer (CFO).
- Karel Krulich appointed as Chief Accounting Officer (CAO).
Management Commentary and Compensation Details
The filing details the compensatory arrangements for the newly appointed officers:
- Adam Varon (CFO):
- Annual base salary: $345,000.
- Annual bonus eligibility: Up to $150,000 for 2026.
- February 2026 Equity Grant: Approximately $400,000 (8,818 performance-based RSUs and 8,818 time-based RSUs).
- Appointment Equity Grant: Approximately $300,000 (12,637 time-based RSUs vesting over 3 years).
- Karel Krulich (CAO):
- Annual base salary: $327,000.
- Annual bonus eligibility: Up to $100,000 for 2026.
- February 2026 Equity Grant: Approximately $375,000 (8,267 performance-based RSUs and 8,267 time-based RSUs).
- Appointment Equity Grant: Approximately $275,000 (11,584 time-based RSUs vesting over 3 years).
Performance-based RSUs for both officers are tied to financial metrics in 2026 and stock price milestones.
Investor Verification Checklist
- Verify the vesting schedules and specific performance metrics for the new equity grants.
- Confirm the total dilution impact of the combined equity grants (approximately $1.35 million in total value) on existing shareholders.
- Review prior announcements referenced in the filing to understand the context of these promotions.
- Check subsequent filings for the actual financial results required to trigger the performance-based vesting components.