Business Context and Reporting Period
This Form 8-K Current Report was filed by EVERTEC, Inc. on March 16, 2024. The filing discloses a corporate governance event regarding the appointment of a senior executive officer effective April 1, 2024.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
The material change reported is the appointment of Karla M. Cruz-Jusino as Senior Vice President, Chief Accounting Officer, and Assistant Treasurer. Ms. Cruz-Jusino has been with the company since July 2019, previously serving as Vice President of Finance, Assistant Treasurer, and Corporate Tax Director.
Management Commentary and Compensation
- Effective Date: April 1, 2024.
- Base Salary: $250,000, subject to annual review.
- Annual Incentive: Eligible for cash awards up to 60% of base salary, pro-rated for partial calendar years.
- Long-Term Incentives: Continued participation in the Long-Term Incentive Program (LTIP) commensurate with her new title, subject to Board approval.
- Background: Ms. Cruz-Jusino holds a bachelor's degree in accounting and finance and is a Certified Public Accountant. She previously worked at PricewaterhouseCoopers LLP for over 12 years.
Investor Verification Checklist
- Verify the effective date of the new appointment (April 1, 2024).
- Confirm the total compensation package structure, including the 60% incentive cap and LTIP eligibility.
- Review the Company's Annual Performance Incentive Guidelines for specific metrics tied to the cash awards.
- Monitor future filings for the specific LTIP grant details once approved by the Board.