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Posted 31 May, 2023

ACI WORLDWIDE, INC. appointed Thomas Warsop as new CEO

Nasdaq:ACIW appointed new Chief Executive Officer Thomas Warsop in a 8-K filed on 31 May, 2023.


  Thomas Warsop, previously the interim President and CEO of ACI Worldwide, Inc. (the "Company"), has been appointed as President and CEO of the Company with effect on June 1, 2023.  

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Overview of ACI WORLDWIDE, INC.
Technology • Software
ACI Worldwide, Inc. engages in the development, marketing, installation, and support of software products and solutions primarily focused on facilitating real-time electronic payments. It operates through the following segments: ACI on Premise and ACI on Demand. The ACI on Premise segment serves customers who manage their software on site. The ACI on Demand segment covers the needs of banks, financial intermediaries, merchants, and corporates who use payments to facilitate their core business. The company was founded in 1975 and is headquartered in Elkhorn, NE.
Market Cap
$3.40B
View Company Details
ACI WORLDWIDE, INC. by TradingView
Relevant filing section
Item 5.02. 
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


Thomas Warsop, previously the interim President and CEO of ACI Worldwide, Inc. (the "Company"), has been appointed as President and CEO of the Company with effect on June 1, 2023. A press release announcing this appointment is filed as Exhibit 99.1 to this report. 

Mr. Warsop's annual base salary will be $750,000 with an on-target bonus of 100% of his base salary. The bonus opportunity will be granted pursuant to the Company's 2023 Management Incentive Compensation plan under which 0% to 200% of the on-target bonus opportunity can be earned based on the achievement of specified performance goals. Mr. Warsop's 2023 bonus opportunity will be pro-rated to reflect his program entry date. 

Mr. Warsop will receive initial equity awards with an aggregate grant date value of $4.0 million and $8.0 million under the Company's 2023 Long Term Incentive Plan and 2024 Long Term Incentive Plan, respectively. 35% of the aggregate award value will be provided in the form of restricted share units that vest on an annual basis over three years. 65% of the aggregate award value will be provided in the form of performance share units that vest, if at all, at the end of the three-year performance period. Performance share units may pay out at 0% to 200% of the original number of granted shares based on the achievement of specified performance goals. 

The Company and Mr. Warsop will enter into the Severance Agreement filed as Exhibit 10.1 to this report and the Change In Control Employment Agreement filed as Exhibit 10.2 to this report. Mr. Warsop will also be eligible to participate in the Company's welfare benefit plans that are generally available to employees.