SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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On June 28, 2021, the Board of Directors (the Board) of Franklin Covey Co. (the Company) approved the following changes to its executive leadership.
Appointment of Executive Chairman
Effective September 1, 2021, Robert A. Whitman, the Company’s current Chairman and Chief Executive Officer (CEO) will continue to serve as Chairman of the Board, and transition his executive role to Executive Chairman. Drawing on Mr. Whitman’s capabilities, broad experience, and extensive knowledge of the Company and its operations, his responsibilities as Executive Chairman will include:
Advising the Company and the new CEO during the transition of the Chief Executive Officer;
Focusing his efforts on corporate strategy, innovations, key financial matters, and capital transactions;
Attending meetings with Company leadership, business partners, employees, and others as requested by the CEO or the Board;
Assisting the Board with its oversight of the Company’s risks;
Communicating with both internal and external stakeholders, as appropriate;
Acting as a primary liaison between the Board and management; and
Creating tight alignment between the Board and management as to the Company’s strategic direction, and supporting the execution of the Company’s strategy.
Mr. Whitman has served as the Company’s Chairman of the Board since June 1999 and as CEO since January 2000. The Company wishes to thank Mr. Whitman for his years of dedicated service as CEO and is thrilled to have Mr. Whitman continue to serve as Chairman of the Board and be involved with the Company’s operations as the Executive Chairman. Mr. Whitman’s biographical information may be found in Item 1 of the Company’s annual report on Form 10-K which was filed with the Commission on November 16, 2020.
Appointment of Chief Executive Officer
Effective September 1, 2021, Paul S. Walker will serve as the Company’s President and Chief Executive Officer. Mr. Walker currently serves as the Company’s President and Chief Operating Officer. Mr. Walker is in his twenty-first year with Franklin Covey Co. and brings extensive sales, operational, and leadership experience to his new assignment as the Company’s CEO. The Company is excited to have Mr. Walker assume his new role as Chief Executive Officer and believes his knowledge and expertise will drive continued success at Franklin Covey Co. in the years to come.
Mr. Walker’s biographical information may be found in Item 1 of the Company’s annual report on Form 10-K which was filed with the Commission on November 16, 2020.
Item 9.01 Financial Statements and Exhibits
104Cover Page Interactive Data File – the cover page XBRL tags are embedded within the inline XBRL document.
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.
FRANKLIN COVEY CO.
Date: June 30, 2021
/s/ Stephen D. Young
Stephen D. Young
Chief Financial Officer