SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 27, 2018
Commission file number 001-16111
GLOBAL PAYMENTS INC.
(Exact name of registrant as specified in charter)
(State or other jurisdiction of
incorporation or organization)
3550 Lenox Road, Atlanta, Georgia
(Address of principal executive offices)
Registrant’s telephone number, including area code: (770) 829-8000
(Former name, former address and former fiscal year, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective August 27, 2018, David E. Mangum will no longer serve as President and Chief Operating Officer and will be leaving the Company.
On August 27, 2018, the Company entered into amendments to the employment agreements with Jeffrey S. Sloan, Chief Executive Officer, Cameron M. Bready, Senior Executive Vice President and Chief Financial Officer, Guido F. Sacchi, Executive Vice President and Chief Information Officer and David L. Green, Executive Vice President, General Counsel and Corporate Secretary, which extended the term of each executive’s employment agreement through August 27, 2021. All other material terms of the employment agreements remain unchanged.
The amendments to the employment agreements described above are qualified in their entirety by reference to such amendments, copies of which the Company plans to file as exhibits to its Quarterly Report on Form 10-Q for the period ending September 30, 2018.
Attached as an exhibit 99.1 to this Form 8-K is a copy of the Company's August 30, 2018 press release with respect to the foregoing.
Item 9.01. Financial Statements and Exhibits.
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.
GLOBAL PAYMENTS INC.
August 30, 2018
By: /s/ David L. Green
David L. Green
Executive Vice President, General Counsel and Secretary
Global Payments Announces President and Chief Operating Officer to Depart
ATLANTA, August 30, 2018 -- Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and software solutions, today announced that David Mangum, President and Chief Operating Officer, intends to leave the company.
“I would like to thank David for his significant contributions to the growth of Global Payments over the past decade,” said Jeff Sloan, Chief Executive Officer. “In particular, his leadership over the last five years as our President has been instrumental to our success as we have evolved our business mix and positioned the company as the leader in technology-enabled, software-driven payments globally. We wish him the very best in his future endeavors.”
“I would like to thank Jeff and the entire team at Global Payments for their support and dedication,” said Mr. Mangum. “I am extremely proud of what we have accomplished together these past few years and look forward to watching the company continue to thrive.”
In addition, Global Payments announced today that Mr. Sloan and Cameron Bready, Senior Executive Vice President and Chief Financial
Officer, have extended their employment agreements through August 2021. Mr. Sloan and Mr. Bready will also be assuming Mr. Mangum’s primary responsibilities.
About Global Payments
Global Payments Inc. (NYSE: GPN) is a leading worldwide provider of payment technology and software solutions delivering innovative services to our customers globally. Our technologies, services and employee expertise enable us to provide a broad range of solutions that allow our customers to accept all payment types and operate their businesses more efficiently across a variety of distribution channels in many markets around the world.
Headquartered in Atlanta, Georgia with more than 10,000 employees worldwide, Global Payments is a member of the S&P 500 with customers and partners in 31 countries throughout North America, Europe, the Asia-Pacific region and Brazil. For more information about Global Payments, our Service. Driven. Commerce brand and our technologies, please visit www.globalpaymentsinc.com.