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$FTDR
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8-K
Nov 5, 7:24 AM ET
Frontdoor, Inc. 8-K
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Contents
4
FORM 8-K
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Pursuant to the terms of the Transition Agreement, Ms. Ross’s separation from service also qualifies as a resignation by Ms. Ross for “Good Reason” under the Equity Plan and underlying award agreements, and under the Severance Policy. The terms of the Equity Plan and the Severance Policy, and the payments and benefits Ms. Ross is entitled to receive thereunder, are described in the Company’s Definitive Proxy Statement filed with the Securities and Exchange Commission on March 28, 2025. The Transition Agreement also includes customary confidentiality, cooperation, return of property and non-disparagement provisions, among other things, as well as a release of claims between Ms. Ross and the Company.
Item 7.01 Regulation FD Disclosure.