CBIZ, Inc. (CBZ): CEO Jim Peko appointed

Events in this filing

Item 5.02 as filed

Item 5.02.
Directors
On November 2, 2026, effective as of the Effective Time, each member of the Company’s Board of Directors resigned as a director of the Company and as a member of any committee or subcommittee thereof. These departures were not a result of any disagreements with the Company on any matter relating to its operations, policies or practices.
Officers
In addition, effective as of the Effective Time, as a result of the Merger, each officer of the Company ceased to be an officer of the Company, and Jim Peko was appointed as Chief Executive Officer of the Surviving Corporation.
Other
In connection with the Merger, the Company entered into a letter agreement with Brad Lakhia (the Company’s Chief Financial Officer) (the “Letter Agreement”) to provide Mr. Lakhia with reimbursement, if required, for excise taxes that may be incurred by Mr. Lakhia under Section 4999 of the Code, as amended, on certain payments received in connection with the Merger, so that on a net after-tax basis Mr. Lakhia would be in the same position as if no such excise tax had applied to Mr. Lakhia. The maximum value of all payments under the Letter Agreement is $2,368,946.