Company: WKC
Filing Date: 2025-12-09
Form Type: 8-K
Source: 0001193125-25-312919
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Company: WORLD KINECT CORP
Filing Date: 2025-12-09
Form: 8-K
Item: Item 5.02
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Item 5.02.      Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.  

Chief Accounting Officer Compensation

As previously disclosed, on October 22, 2025, the Board of Directors (the “ Board”) of World Kinect Corporation (the “ Company”) appointed Michael Kroll, the Company’s then current Vice President and Global Controller, as Senior Vice President and Chief Accounting Officer, effective November 1, 2025.

In connection with this promotion, on December 3, 2025, the Compensation Committee of the Board (the “ Compensation Committee”) increased Mr. Kroll’s salary to a rate of $390,000 per year, and he is entitled to receive a performance-based restricted stock unit award with a grant date fair value of $50,000. The award will generally be earned if the Company achieves a pre-determinedaverage adjusted earnings per share goal for a three-year performance period ending December 31, 2027 and Mr. Kroll remains employed with the Company through December 3, 2028. The award will otherwise be subject to the terms and conditions of the applicable award agreement, and will be subject to the terms and conditions of the Company’s Clawback Policy. For 2026, Mr. Kroll will also be entitled to an annual target bonus opportunity of 60% of his annual base salary and an annual target long-term incentive award opportunity of $150,000, in each case to be based on terms and subject to conditions to be determined by the Compensation Committee.

Executive Severance Policy

On December 3, 2025, the Compensation Committee approved an amendment and restatement of the Company’s 2016 Executive Severance Policy, effective January 1, 2026 (as so amended, the “ Amended Severance Policy”). The Amended Severance Policy generally provides for certain benefits if (i) a designated participant’s (a “ Participant”) employment is terminated due to death or disability, (ii) a Participant is terminated by the Company without cause (before or after a change of control), or (iii) the Participant terminates his or her employment with good reason (before or after a change of control). “ Cause,” “change of control” and “good reason” are defined in the Amended Severance Policy.

Under the Amended Severance Policy, upon the occurrence of a termination without cause or a resignation with good reason, Participants will be entitled to (i)